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Barratt Redrow (LSE:BTRW) Gross Profit : £510 Mil (TTM As of Jun. 2024)


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What is Barratt Redrow Gross Profit?

Barratt Redrow's gross profit for the six months ended in Jun. 2024 was £271 Mil. Barratt Redrow's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was £510 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Barratt Redrow's gross profit for the six months ended in Jun. 2024 was £271 Mil. Barratt Redrow's Revenue for the six months ended in Jun. 2024 was £2,317 Mil. Therefore, Barratt Redrow's Gross Margin % for the quarter that ended in Jun. 2024 was 11.69%.

Barratt Redrow had a gross margin of 11.69% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Barratt Redrow was 22.76%. The lowest was 12.22%. And the median was 18.95%.

Warning Sign:

Barratt Redrow PLC gross margin has been in long-term decline. The average rate of decline per year is -8.9%.


Barratt Redrow Gross Profit Historical Data

The historical data trend for Barratt Redrow's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Barratt Redrow Gross Profit Chart

Barratt Redrow Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 614.30 1,010.00 899.90 974.90 509.50

Barratt Redrow Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 353.40 630.30 344.60 238.50 271.00

Competitive Comparison of Barratt Redrow's Gross Profit

For the Residential Construction subindustry, Barratt Redrow's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Barratt Redrow's Gross Profit Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Barratt Redrow's Gross Profit distribution charts can be found below:

* The bar in red indicates where Barratt Redrow's Gross Profit falls into.



Barratt Redrow Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Barratt Redrow's Gross Profit for the fiscal year that ended in Jun. 2024 is calculated as

Gross Profit (A: Jun. 2024 )=Revenue - Cost of Goods Sold
=4168.2 - 3658.7
=510

Barratt Redrow's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=2317.4 - 2046.4
=271

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £510 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Barratt Redrow's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=271 / 2317.4
=11.69 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Barratt Redrow  (LSE:BTRW) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Barratt Redrow had a gross margin of 11.69% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage


Barratt Redrow Gross Profit Related Terms

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Barratt Redrow Business Description

Traded in Other Exchanges
Address
Cartwright Way, Forest Business Park, Barratt House, Bardon Hill, Coalville, Leicestershire, GBR, LE67 1UF
Barratt Developments is the UK's largest residential property developer by revenue and dwelling completions, marketing homes under its three brands: Barratt Homes, David Wilson, and Barratt London. Aligning with the typical business model employed by UK homebuilders, Barratt is vertically integrated through the land development, construction, and sales and marketing segments of the residential property development value chain.

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