Piaggio & C. SpA (Piaggio & C. SpA) Gross Profit : $473 Mil (TTM As of Mar. 2024)

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What is Piaggio & C. SpA Gross Profit?

Piaggio & C. SpA's gross profit for the three months ended in Mar. 2024 was $116 Mil. Piaggio & C. SpA's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $473 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Piaggio & C. SpA's gross profit for the three months ended in Mar. 2024 was $116 Mil. Piaggio & C. SpA's Revenue for the three months ended in Mar. 2024 was $465 Mil. Therefore, Piaggio & C. SpA's Gross Margin % for the quarter that ended in Mar. 2024 was 24.97%.

Piaggio & C. SpA had a gross margin of 24.97% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Piaggio & C. SpA was 24.16%. The lowest was 21.08%. And the median was 22.68%.

Warning Sign:

Piaggio & C. SpA gross margin has been in long-term decline. The average rate of decline per year is -1.7%.

Piaggio & C. SpA Gross Profit Historical Data

The historical data trend for Piaggio & C. 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.

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Piaggio & C. SpA Gross Profit Chart

Piaggio & C. SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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394.14

363.58

398.79

466.09

491.88

Piaggio & C. SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															129.22	164.18	110.12	82.49	116.18

Competitive Comparison of Piaggio & C. SpA's Gross Profit

For the Auto Manufacturers subindustry, Piaggio & C. 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.

Piaggio & C. SpA's Gross Profit Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piaggio & C. SpA's Gross Profit distribution charts can be found below:

* The bar in red indicates where Piaggio & C. SpA's Gross Profit falls into.

Piaggio & C. SpA Gross Profit Calculation

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

Piaggio & C. SpA'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
	=	2175.12	-	1683.242
	=	492

Piaggio & C. SpA's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	465.258	-	349.075
	=	116

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $473 Mil.

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

Piaggio & C. SpA's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	116	/	465.258
	=	24.97 %

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.

Piaggio & C. SpA (OTCPK:PGGCY) 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

Piaggio & C. SpA had a gross margin of 24.97% for the quarter that ended in Mar. 2024 => Competition eroding margins

Piaggio & C. SpA Gross Profit Related Terms

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Piaggio & C. SpA (Piaggio & C. SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piaggio & C. SpA (OTCPK:PGGCY) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

PIAGF:USA PIA:Italy 0FM1:UK P1I:Germany

Address

Viale Rinaldo Piaggio, 25, Pontedera, Pisa, ITA, 56025

Website

https://www.piaggiogroup.com

Piaggio & C. SpA is an Italian manufacturer of motor vehicles with international operations. The product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and Scarabeo brands, as well as three- and four-wheeler light vehicles, marketed under the Ape, Porter and Quargo brands. Piaggio's sales are mainly in Europe, the Middle East, Africa; the Americas; and India, but are also in the Asia-Pacific region. The firm's manufacturing units are located in Italy, India, and Vietnam. Piaggio has a 45% stake in a Chinese joint-venture operation.