Italgas SpA's gross profit for the
six
months ended in Jun. 2023 was €755 Mil. Italgas SpA's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was €1,302 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Italgas SpA's gross profit for the
six
months ended in Jun. 2023 was €755 Mil. Italgas SpA's Revenue for the
six
months ended in Jun. 2023 was €1,271 Mil. Therefore, Italgas SpA's Gross Margin % for the quarter that ended in Jun. 2023 was 59.40%.
Italgas SpA had a gross margin of 59.40% for the quarter that ended in Jun. 2023 => Durable competitive advantage
During the past 8 years, the highestGross Margin % of Italgas SpA was 71.61%. The lowest was 59.36%. And the median was 64.03%.
Warning Sign:
Italgas SpA gross margin has been in long-term decline. The average rate of decline per year is -2.1%.
Italgas SpA Gross Profit Historical Data
The historical data trend for Italgas SpA'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.
Competitive Comparison of Italgas SpA's Gross Profit
For the Utilities - Regulated Gas subindustry, Italgas SpA'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.
Italgas SpA's Gross Profit Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Gross Profit distribution charts can be found below:
* The bar in red indicates where Italgas SpA's Gross Profit falls into.
Italgas SpA Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Italgas SpA's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1,302 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Italgas SpA (MIL:IG) 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
Italgas SpA had a gross margin of 59.40% for the quarter that ended in Jun. 2023 => Durable competitive advantage
Italgas SpA Gross Profit Related Terms
Thank you for viewing the detailed overview of Italgas SpA's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.
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