Ebix's gross profit for the
three
months ended in Sep. 2023 was $86.6 Mil. Ebix's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $345.7 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Ebix's gross profit for the
three
months ended in Sep. 2023 was $86.6 Mil. Ebix's Revenue for the
three
months ended in Sep. 2023 was $119.2 Mil. Therefore, Ebix's Gross Margin % for the quarter that ended in Sep. 2023 was 72.61%.
Ebix had a gross margin of 72.61% for the quarter that ended in Sep. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Ebix was 80.23%. The lowest was 29.10%. And the median was 65.42%.
Warning Sign:
Ebix Inc gross margin has been in long-term decline. The average rate of decline per year is -16.8%.
Ebix Gross Profit Historical Data
The historical data trend for Ebix'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.
For the Software - Application subindustry, Ebix'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.
Ebix's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, Ebix's Gross Profit distribution charts can be found below:
* The bar in red indicates where Ebix's Gross Profit falls into.
Ebix Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Ebix's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $345.7 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Ebix's Gross Margin % for the quarter that ended in Sep. 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.
Ebix (OTCPK:EBIXQ) 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
Ebix had a gross margin of 72.61% for the quarter that ended in Sep. 2023 => Durable competitive advantage
Ebix Gross Profit Related Terms
Thank you for viewing the detailed overview of Ebix's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Ebix Inc is a provider of enterprise cloud e-commerce solutions for the insurance, finance, and healthcare industries. The company derives its revenues primarily from its financial transaction fees, software subscription, and transaction fees, software license fees, risk compliance solutions services fees, and professional service fees, including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. These exchanges connect multiple entities within the insurance and healthcare markets, enabling participants to carry and process data from one entity to another. Ebix generates the majority of its revenue from India.
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