Logistec (Logistec) Gross Profit : $144.9 Mil (TTM As of Sep. 2023)

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What is Logistec Gross Profit?

Logistec's gross profit for the three months ended in Sep. 2023 was $47.3 Mil. Logistec's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $144.9 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Logistec's gross profit for the three months ended in Sep. 2023 was $47.3 Mil. Logistec's Revenue for the three months ended in Sep. 2023 was $227.0 Mil. Therefore, Logistec's Gross Margin % for the quarter that ended in Sep. 2023 was 20.82%.

Logistec had a gross margin of 20.82% for the quarter that ended in Sep. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Logistec was 20.69%. The lowest was 10.55%. And the median was 16.19%.

Logistec Gross Profit Historical Data

The historical data trend for Logistec'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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Logistec Gross Profit Chart

Logistec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

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74.25

93.90

97.54

120.21

130.65

Logistec Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Profit	Get a 7-Day Free Trial															48.28	45.24	15.78	36.64	47.27

Competitive Comparison of Logistec's Gross Profit

For the Marine Shipping subindustry, Logistec'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.

Logistec's Gross Profit Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Logistec's Gross Profit distribution charts can be found below:

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

Logistec Gross Profit Calculation

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

Logistec's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	660.703	-	530.054
	=	130.6

Logistec's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	226.997	-	179.727
	=	47.3

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $144.9 Mil.

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

Logistec's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	47.3	/	226.997
	=	20.82 %

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.

Logistec (OTCPK:LTKBF) 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

Logistec had a gross margin of 20.82% for the quarter that ended in Sep. 2023 => Competition eroding margins

Logistec Gross Profit Related Terms

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Logistec (Logistec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logistec Corp (OTCPK:LTKBF) » Definitions » Gross Profit

Traded in Other Exchanges

LGT.B:Canada LGT.A:Canada

Address

600 De La Gauchetiere Street West, 14th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.logistec.com

Logistec Corp provides specialized cargo handling and other services to a wide variety of marine, industrial and municipal customers. It has cargo handling facilities in ports across North America and offers marine agency services to foreign shipowners and operators serving the Canadian market. The company is widely diversified on the basis of cargo type and port location with a balance between import and export activities. The company is organized and operate in two industry segments: Marine services, and Environmental services. The Marine Services Segment which is the key revenue-generating segment provides cargo handling and other services to marine and industrial customers. It has a business presence in Canada and the US.