Reece (REECF) Gross Profit : $1,675 Mil (TTM As of Dec. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Reece Gross Profit?

Reece's gross profit for the six months ended in Dec. 2024 was $814 Mil. Reece's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $1,675 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Reece's gross profit for the six months ended in Dec. 2024 was $814 Mil. Reece's Revenue for the six months ended in Dec. 2024 was $2,788 Mil. Therefore, Reece's Gross Margin % for the quarter that ended in Dec. 2024 was 29.18%.

Reece had a gross margin of 29.18% for the quarter that ended in Dec. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Reece was 33.35%. The lowest was 27.81%. And the median was 28.49%.

Reece Gross Profit Historical Data

The historical data trend for Reece'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.

* Premium members only.

Reece Gross Profit Chart

Reece Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Gross Profit

Get a 7-Day Free Trial

1,153.36

1,346.74

1,503.14

1,682.36

1,730.22

Reece Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Gross Profit	Get a 7-Day Free Trial															837.67	849.19	876.17	861.03	813.58

Competitive Comparison of Reece's Gross Profit

For the Industrial Distribution subindustry, Reece'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.

Reece's Gross Profit Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Reece's Gross Profit distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Reece Gross Profit Calculation

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

Reece's Gross Profit for the fiscal year that ended in Jun. 2024 is calculated as

Gross Profit (A: Jun. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	6045.665	-	4315.45
	=	1,730

Reece's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	2788.138	-	1974.557
	=	814

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1,675 Mil.

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

Reece's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )	=	Gross Profit (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	814	/	2788.138
	=	29.18 %

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.

Reece (OTCPK:REECF) 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

Reece had a gross margin of 29.18% for the quarter that ended in Dec. 2024 => Competition eroding margins

Reece Gross Profit Related Terms

Thank you for viewing the detailed overview of Reece's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

Reece Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Reece Ltd (OTCPK:REECF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

REH:Australia

Address

57 Balmain Street, Cremorne, Sydney, VIC, AUS, 3121

Website

https://group.reece.com

Reece is an Australian distributor of plumbing supplies and bathroom products, with businesses in Australia, New Zealand, and the United States. Reece Australia holds Australia's largest range of individual plumbing stock-keeping units, supporting plumbing needs for general plumbing, bathrooms, kitchens, heating and air conditioning, irrigation, pools, commercial and government projects, and fire services.In the Australia and New Zealand markets, Reece's professional, or trade, customers are mostly small to medium plumbing businesses working in the areas of residential repairs, renovations, or new home builds.The US business principally serves plumbers working on commercial and residential construction projects and has a network of about 250 stores in the southern Sunbelt states.