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Landsea Homes's gross profit for the three months ended in Sep. 2024 was $59 Mil. Landsea Homes's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $233 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Landsea Homes's gross profit for the three months ended in Sep. 2024 was $59 Mil. Landsea Homes's Revenue for the three months ended in Sep. 2024 was $338 Mil. Therefore, Landsea Homes's Gross Margin % for the quarter that ended in Sep. 2024 was 17.38%.
Landsea Homes had a gross margin of 17.38% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
During the past 5 years, the highest Gross Margin % of Landsea Homes was 19.84%. The lowest was 12.91%. And the median was 17.77%.
The historical data trend for Landsea Homes'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.
Landsea Homes Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Gross Profit | 99.46 | 94.87 | 182.60 | 286.92 | 214.97 |
Landsea Homes Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Profit | Get a 7-Day Free Trial | 54.29 | 66.05 | 43.46 | 64.18 | 58.82 |
For the Real Estate - Development subindustry, Landsea Homes'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.
For the Real Estate industry and Real Estate sector, Landsea Homes's Gross Profit distribution charts can be found below:
* The bar in red indicates where Landsea Homes's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Landsea Homes'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 |
= | 1209.947 | - | 994.973 | |
= | 215 |
Landsea Homes's Gross Profit for the quarter that ended in Sep. 2024 is calculated as
Gross Profit (Q: Sep. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 338.472 | - | 279.655 | |
= | 59 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $233 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Landsea Homes's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as
Gross Margin % (Q: Sep. 2024 ) | = | Gross Profit (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 59 | / | 338.472 | |
= | 17.38 % |
* 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.
Landsea Homes (NAS:LSEA) 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
Landsea Homes had a gross margin of 17.38% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
Thank you for viewing the detailed overview of Landsea Homes's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Hartfield | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Elias Farhat | director | C/O LF CAPITAL ACQUISITION CORP, 600 MADISON AVE, NEW YORK NY 10022 |
Landsea Holdings Corp | 10 percent owner | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Ming Tian | director, 10 percent owner | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Bruce D Frank | director | 405 PARK AVENUE, NEW YORK NY 10022 |
Mollie Fadule | director | 14273 209TH AVENUE NE, WOODINVILLE WA 98077 |
Michael Forsum | officer: President and COO | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
John Ho | director, officer: Chief Executive Officer | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Green Investment Alpha Ltd | 10 percent owner | 595 BURRARD STREET, STE 1000, VANCOUVER A1 V7X1S8 |
Christopher T Porter | officer: Chief Financial Officer | CRESCENT REAL ESTATE EQUAITIES LTD, 777 MAIN STREET, FORT WORTH TX 76102 |
Robert S Miller | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Dilliana Stewart | officer: Chief Accounting Officer | C/O LANDSEA HOMES, 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Xuefeng Bao | other: see explanatory note | 1007-102 10 F/K WAH CENTRE, 191 JAVA ROAD, NORTH POINT K3 HONG KONG |
Qin Zhou | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Scott A. Reed | director, officer: Chief Financial Officer | 901 E. CARY STREET, ONE JAMES CENTER, SUITE 1700, RICHMOND VA 23219 |
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