TOYO (Toyo Co) Gross Profit : $43.3 Mil (TTM As of Jun. 2024)

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What is Toyo Co Gross Profit?

Toyo Co's gross profit for the six months ended in Jun. 2024 was $26.6 Mil. Toyo Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $43.3 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Toyo Co's gross profit for the six months ended in Jun. 2024 was $26.6 Mil. Toyo Co's Revenue for the six months ended in Jun. 2024 was $138.1 Mil. Therefore, Toyo Co's Gross Margin % for the quarter that ended in Jun. 2024 was 19.30%.

Toyo Co had a gross margin of 19.30% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

During the past 2 years, the highest Gross Margin % of Toyo Co was 26.66%. The lowest was 21.59%. And the median was 26.66%.

Toyo Co Gross Profit Historical Data

The historical data trend for Toyo Co'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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Toyo Co Gross Profit Chart

Toyo Co Annual Data

Trend

Dec22

Dec23

Gross Profit

16.63

Toyo Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Gross Profit	-	-	16.63	26.65

Competitive Comparison of Toyo Co's Gross Profit

For the Solar subindustry, Toyo Co'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.

Toyo Co's Gross Profit Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Toyo Co's Gross Profit distribution charts can be found below:

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

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Toyo Co Gross Profit Calculation

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

Toyo Co'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
	=	62.377	-	45.746
	=	16.6

Toyo Co's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	138.078	-	111.431
	=	26.6

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $43.3 Mil.

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

Toyo Co's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	26.6	/	138.078
	=	19.30 %

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.

Toyo Co (NAS:TOYO) 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

Toyo Co had a gross margin of 19.30% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

Toyo Co Gross Profit Related Terms

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