Orbit Technologies (XTAE:ORBI) Gross Profit : ₪39.0 Mil (TTM As of Jun. 2023)

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What is Orbit Technologies Gross Profit?

Orbit Technologies's gross profit for the three months ended in Jun. 2023 was ₪21.6 Mil. Orbit Technologies's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was ₪39.0 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Orbit Technologies's gross profit for the three months ended in Jun. 2023 was ₪21.6 Mil. Orbit Technologies's Revenue for the three months ended in Jun. 2023 was ₪58.3 Mil. Therefore, Orbit Technologies's Gross Margin % for the quarter that ended in Jun. 2023 was 37.07%.

Orbit Technologies had a gross margin of 37.07% for the quarter that ended in Jun. 2023 => Competition eroding margins

During the past 7 years, the highest Gross Margin % of Orbit Technologies was 36.99%. The lowest was 29.55%. And the median was 30.64%.

Orbit Technologies Gross Profit Historical Data

The historical data trend for Orbit Technologies'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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Orbit Technologies Gross Profit Chart

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

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51.04

59.48

66.72

76.11

82.13

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Gross Profit	Get a 7-Day Free Trial						17.78	17.83	-	17.42	21.62

Competitive Comparison of Orbit Technologies's Gross Profit

For the Aerospace & Defense subindustry, Orbit Technologies'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.

Orbit Technologies's Gross Profit Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Orbit Technologies's Gross Profit distribution charts can be found below:

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

Orbit Technologies Gross Profit Calculation

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

Orbit Technologies's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	222.001	-	139.873
	=	82.1

Orbit Technologies's Gross Profit for the quarter that ended in Jun. 2023 is calculated as

Gross Profit (Q: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	58.331	-	36.709
	=	21.6

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪39.0 Mil.

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

Orbit Technologies's Gross Margin % for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	21.6	/	58.331
	=	37.07 %

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.

Orbit Technologies (XTAE:ORBI) 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

Orbit Technologies had a gross margin of 37.07% for the quarter that ended in Jun. 2023 => Competition eroding margins

Orbit Technologies Gross Profit Related Terms

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Orbit Technologies (XTAE:ORBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Gross Profit

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Traded in Other Exchanges

N/A

Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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