Access Engineering's gross profit for the
three
months ended in Dec. 2023 was රු1,985 Mil. Access Engineering's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was රු7,752 Mil.
Access Engineering had a gross margin of 32.91% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Access Engineering was 36.16%. The lowest was 13.40%. And the median was 19.97%.
Access Engineering Gross Profit Historical Data
The historical data trend for Access Engineering'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.
Competitive Comparison of Access Engineering's Gross Profit
For the Engineering & Construction subindustry, Access Engineering'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.
Access Engineering's Gross Profit Distribution in the Construction Industry
For the Construction industry and Industrials sector, Access Engineering's Gross Profit distribution charts can be found below:
* The bar in red indicates where Access Engineering's Gross Profit falls into.
Access Engineering Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Access Engineering's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as
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 රු7,752 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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.
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
Access Engineering had a gross margin of 32.91% for the quarter that ended in Dec. 2023 => Competition eroding margins
Access Engineering Gross Profit Related Terms
Thank you for viewing the detailed overview of Access Engineering's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Access Engineering (COL:AEL.N0000) Business Description
Access Engineering PLC is involved in the business of construction activities and the supply of construction-related services and materials. The company is divided into four segments namely The Construction segment includes the process of constructing buildings and other infrastructures; The Construction-Related Materials segment involves the Production and supply of construction-related materials such as asphalt products, quarry products, and others; The Property segment is engaged in the development of high rise buildings and The Automobile segment includes importing and distribution, or sale of motor vehicles, and spare parts. It generates a majority of its revenue from the Construction Segment. The activities of the Group are located mainly in Sri Lanka.
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