Parkit Enterprise (Parkit Enterprise) Gross Profit : $12.10 Mil (TTM As of Mar. 2024)

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What is Parkit Enterprise Gross Profit?

Parkit Enterprise's gross profit for the three months ended in Mar. 2024 was $3.11 Mil. Parkit Enterprise's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $12.10 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Parkit Enterprise's gross profit for the three months ended in Mar. 2024 was $3.11 Mil. Parkit Enterprise's Revenue for the three months ended in Mar. 2024 was $5.04 Mil. Therefore, Parkit Enterprise's Gross Margin % for the quarter that ended in Mar. 2024 was 61.73%.

Parkit Enterprise had a gross margin of 61.73% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Parkit Enterprise was 83.33%. The lowest was 35.22%. And the median was 57.50%.

Parkit Enterprise Gross Profit Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Gross Profit Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Gross Profit

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0.13

2.60

4.33

10.54

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															1.53	2.85	3.05	3.09	3.11

Competitive Comparison of Parkit Enterprise's Gross Profit

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Gross Profit distribution charts can be found below:

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

Parkit Enterprise Gross Profit Calculation

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

Parkit Enterprise'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
	=	17.238	-	6.698
	=	10.54

Parkit Enterprise's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	5.041	-	1.929
	=	3.11

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 $12.10 Mil.

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

Parkit Enterprise'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
	=	3.11	/	5.041
	=	61.73 %

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.

Parkit Enterprise (OTCPK:PKTEF) 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

Parkit Enterprise had a gross margin of 61.73% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Parkit Enterprise Gross Profit Related Terms

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Parkit Enterprise (Parkit Enterprise) Business Description

Industry

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PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.