Meikles (LSE:MIK) Gross Profit : $758 Mil (TTM As of Aug. 2023)

Meikles Gross Profit Chart

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Gross Profit	Get a 7-Day Free Trial									104.10	64.27	84.13	86.38	671.86

Competitive Comparison of Meikles's Gross Profit

For the Department Stores subindustry, Meikles'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.

Meikles's Gross Profit Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Gross Profit distribution charts can be found below:

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

Meikles Gross Profit Calculation

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

Meikles's Gross Profit for the fiscal year that ended in Mar. 2021 is calculated as

Meikles's Gross Profit for the quarter that ended in Aug. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $758 Mil.

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

Meikles's Gross Margin % for the quarter that ended in Aug. 2023 is calculated as

* 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.

Meikles  (LSE:MIK) 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

Meikles had a gross margin of 24.87% for the quarter that ended in Aug. 2023 => Competition eroding margins

Meikles Gross Profit Related Terms

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Meikles (LSE:MIK) Business Description