RGC Resources (RGC Resources) Gross Profit : $31.20 Mil (TTM As of Dec. 2023)

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What is RGC Resources Gross Profit?

RGC Resources's gross profit for the three months ended in Dec. 2023 was $9.98 Mil. RGC Resources's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $31.20 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. RGC Resources's gross profit for the three months ended in Dec. 2023 was $9.98 Mil. RGC Resources's Revenue for the three months ended in Dec. 2023 was $24.42 Mil. Therefore, RGC Resources's Gross Margin % for the quarter that ended in Dec. 2023 was 40.88%.

RGC Resources had a gross margin of 40.88% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of RGC Resources was 35.84%. The lowest was 21.27%. And the median was 31.06%.

RGC Resources Gross Profit Historical Data

The historical data trend for RGC Resources'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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RGC Resources Gross Profit Chart

RGC Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Profit

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21.12

22.60

25.49

26.15

29.77

RGC Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															8.55	12.65	4.81	3.76	9.98

Competitive Comparison of RGC Resources's Gross Profit

For the Utilities - Regulated Gas subindustry, RGC Resources'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.

RGC Resources's Gross Profit Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, RGC Resources's Gross Profit distribution charts can be found below:

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

RGC Resources Gross Profit Calculation

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

RGC Resources's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as

Gross Profit (A: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	97.44	-	67.673
	=	29.77

RGC Resources's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	24.419	-	14.437
	=	9.98

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $31.20 Mil.

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

RGC Resources's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	9.98	/	24.419
	=	40.88 %

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.

RGC Resources (NAS:RGCO) 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

RGC Resources had a gross margin of 40.88% for the quarter that ended in Dec. 2023 => Durable competitive advantage

RGC Resources Gross Profit Related Terms

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RGC Resources (RGC Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » RGC Resources Inc (NAS:RGCO) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

519 Kimball Avenue North East, Roanoke, VA, USA, 24016

Website

https://www.rgcresources.com

RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia and its surrounding localities as well as it also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other include the unregulated activities of the Company as well as certain corporate eliminations.

Executives

Christen Brooke Miles	officer: VP, Human Resources	P.O. BOX 13007, ROANOKE VA 24030
Lawrence T. Oliver	officer: VP, Interim CFO, Sec. & Treas.	P. O. BOX 13007, ROANOKE VA 24030
Robert B Johnston	director
Jason A. Field	officer: VP, Treasurer & CFO	P. O. BOX 13007, ROANOKE VA 24030
Williamson John B Iii	director, officer: Chairman, President & CEO	PO BOX 13007, ROANOKE VA 24030
Paul W Nester	officer: VP, Treasurer & CFO	P.O. BOX 13007, ROANOKE VA 24030
Anita G Zucker	10 percent owner	4838 JENKINS AVE, N CHARLESTON SC 29405
Elizabeth A Mcclanahan	director	P. O. BOX 13007, ROANOKE VA 24030
Jacqueline L. Archer	director	P. O. BOX 13007, ROANOKE VA 24030
Burton Randall P. Ii	other: Former VP, CFO, Sec. & Treas.	P. O. BOX 13007, ROANOKE VA 24030
Shockley C James Jr	officer: VP & COO	P.O. BOX 13007, ROANOKE VA 24030
Wells Robert L Ii	officer: VP, CIO, Asst. Sec. & Treas.	P.O. BOX 13007, ROANOKE VA 24030
Nancy H Agee	director	PO BOX 13007, ROANOKE VA 24030
D Orazio John S	officer: VP & COO Roanoke Gas Co (sub)	PO BOX 13007, ROANOKE VA 24030
Smoot Raymond D Jr	director	P. O. BOX 13007, ROANOKE VA 24030