Team17 Group (LSE:TM17) Gross Profit : £57.5 Mil (TTM As of Dec. 2023)

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What is Team17 Group Gross Profit?

Team17 Group's gross profit for the six months ended in Dec. 2023 was £27.3 Mil. Team17 Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was £57.5 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Team17 Group's gross profit for the six months ended in Dec. 2023 was £27.3 Mil. Team17 Group's Revenue for the six months ended in Dec. 2023 was £89.4 Mil. Therefore, Team17 Group's Gross Margin % for the quarter that ended in Dec. 2023 was 30.53%.

Team17 Group had a gross margin of 30.53% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 9 years, the highest Gross Margin % of Team17 Group was 59.00%. The lowest was 36.14%. And the median was 50.29%.

Warning Sign:

Team17 Group PLC gross margin has been in long-term decline. The average rate of decline per year is -2.7%.

Team17 Group Gross Profit Historical Data

The historical data trend for Team17 Group'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.

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Team17 Group Gross Profit Chart

Team17 Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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29.54

39.15

45.52

69.62

57.51

Team17 Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial										25.33	25.54	44.07	30.21	27.30

Competitive Comparison of Team17 Group's Gross Profit

For the Electronic Gaming & Multimedia subindustry, Team17 Group'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.

Team17 Group's Gross Profit Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Team17 Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where Team17 Group's Gross Profit falls into.

Team17 Group Gross Profit Calculation

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

Team17 Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	159.125	-	101.62
	=	57.5

Team17 Group's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	89.417	-	62.119
	=	27.3

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £57.5 Mil.

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

Team17 Group's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	27.3	/	89.417
	=	30.53 %

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.

Team17 Group (LSE:TM17) 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

Team17 Group had a gross margin of 30.53% for the quarter that ended in Dec. 2023 => Competition eroding margins

Team17 Group Gross Profit Related Terms

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Team17 Group (LSE:TM17) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Team17 Group PLC (LSE:TM17) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

2EC:Germany

Address

Paragon Business Park, 3 Red Hall Avenue, Wakefield, West Yorkshire, GBR, WF1 2UL

Website

https://www.team17.com

Team17 Group PLC is a video game label and creative partner for independent developers. The company supports both owned first party IP and third-party IP-through partnering with indie developers globally. The company focuses on premium, rather than free to play games, and its portfolio comprises over 90 games, including the iconic and well-established Worms franchise, as well as Overcooked and The Escapists. The company has three reportable segments such as Games Label, Simulation and Edutainment. Games label segment is involved in Developing and publishing video games for the digital and physical market, Simulation segment works on Developing and publishing simulation games for the digital and physical market.

Team17 Group (LSE:TM17) Headlines

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