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Titan Machinery's gross profit for the three months ended in Apr. 2024 was $122 Mil. Titan Machinery's gross profit for the trailing twelve months (TTM) ended in Apr. 2024 was $535 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Titan Machinery's gross profit for the three months ended in Apr. 2024 was $122 Mil. Titan Machinery's Revenue for the three months ended in Apr. 2024 was $629 Mil. Therefore, Titan Machinery's Gross Margin % for the quarter that ended in Apr. 2024 was 19.37%.
Titan Machinery had a gross margin of 19.37% for the quarter that ended in Apr. 2024 => No sustainable competitive advantage
During the past 13 years, the highest Gross Margin % of Titan Machinery was 19.91%. The lowest was 15.05%. And the median was 18.44%.
The historical data trend for Titan Machinery'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.
Titan Machinery Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 250.82 | 261.36 | 332.72 | 439.84 | 531.35 |
Titan Machinery Quarterly Data | ||||||||||||||||||||
Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | |
Gross Profit | Get a 7-Day Free Trial | 118.58 | 133.40 | 138.34 | 141.04 | 121.76 |
For the Industrial Distribution subindustry, Titan Machinery'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.
For the Industrial Distribution industry and Industrials sector, Titan Machinery's Gross Profit distribution charts can be found below:
* The bar in red indicates where Titan Machinery's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Titan Machinery's Gross Profit for the fiscal year that ended in Jan. 2024 is calculated as
Gross Profit (A: Jan. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 2758.445 | - | 2227.091 | |
= | 531 |
Titan Machinery's Gross Profit for the quarter that ended in Apr. 2024 is calculated as
Gross Profit (Q: Apr. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 628.703 | - | 506.948 | |
= | 122 |
Gross Profit for the trailing twelve months (TTM) ended in Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $535 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Titan Machinery's Gross Margin % for the quarter that ended in Apr. 2024 is calculated as
Gross Margin % (Q: Apr. 2024 ) | = | Gross Profit (Q: Apr. 2024 ) | / | Revenue (Q: Apr. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 122 | / | 628.703 | |
= | 19.37 % |
* 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.
Titan Machinery (NAS:TITN) 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
Titan Machinery had a gross margin of 19.37% for the quarter that ended in Apr. 2024 => No sustainable competitive advantage
Thank you for viewing the detailed overview of Titan Machinery's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Stan K. Erickson | director | 10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441 |
Robert Larsen | officer: Chief Financial Officer | 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Frank Anglin | director | 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Tony Christianson | director | |
David Joseph Meyer | director, officer: Chairman and CEO | 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Bryan J Knutson | officer: Chief Operating Officer | C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Mark P. Kalvoda | officer: Chief Financial Officer | 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Bradley Crews | director | 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Christine E Hamilton | director | 225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117 |
John W Henderson | director | 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Jody L Horner | director | C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Richard L Mack | director | 9590 SKY LANE, EDEN PRAIRIE MN 55347 |
Theodore M Crosbie | director | 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
Peter J. Christianson | director, officer: President and CFO | 644 EAST BEATON DRIVE, WEST FARGO ND 58078 |
James Irwin | director | 10543 EAST MARK LANE, SCOTTSDALE AZ 85262 |
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