Heritage Global (Heritage Global) Gross Profit : $21.99 Mil (TTM As of Dec. 2023)

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What is Heritage Global Gross Profit?

Heritage Global's gross profit for the three months ended in Dec. 2023 was $1.89 Mil. Heritage Global's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $21.99 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Heritage Global's gross profit for the three months ended in Dec. 2023 was $1.89 Mil. Heritage Global's Revenue for the three months ended in Dec. 2023 was $15.28 Mil. Therefore, Heritage Global's Gross Margin % for the quarter that ended in Dec. 2023 was 12.39%.

Heritage Global had a gross margin of 12.39% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Heritage Global was 64.16%. The lowest was 26.54%. And the median was 38.72%.

Warning Sign:

Heritage Global Inc gross margin has been in long-term decline. The average rate of decline per year is -9.2%.

Heritage Global Gross Profit Historical Data

The historical data trend for Heritage Global'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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Heritage Global Gross Profit Chart

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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9.63

11.45

12.01

12.45

23.75

Heritage Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															1.33	7.78	5.23	7.09	1.89

Competitive Comparison of Heritage Global's Gross Profit

For the Capital Markets subindustry, Heritage Global'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.

Heritage Global's Gross Profit Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Heritage Global's Gross Profit distribution charts can be found below:

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

Heritage Global Gross Profit Calculation

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

Heritage Global's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	60.545	-	36.794
	=	23.75

Heritage Global's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	15.284	-	13.39
	=	1.89

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 $21.99 Mil.

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

Heritage Global's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	1.89	/	15.284
	=	12.39 %

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.

Heritage Global (NAS:HGBL) 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

Heritage Global had a gross margin of 12.39% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Heritage Global Gross Profit Related Terms

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Heritage Global (Heritage Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (NAS:HGBL) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

LGC:Germany

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

Executives

Nicholas Kirk Dove	officer: President, Industrial Assets	12509 EL CAMINO REAL, UNIT B, SAN DIEGO CA 92130
Samuel L Shimer	director	C/O HERITAGE GLOBAL INC., 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Ross Dove	officer: President of Subsidiary	330 HATCH DRIVE, FOSTER CITY CA 94404
David Van Ludwig	officer: President of subsidiary	10 SUNSET HILLS PROFESSIONAL CENTRE, EDWARDSVILLE IL 62025
Michael Hexner	director	200 BRANNAN STREET, #332, SAN FRANCISCO CA 94107
Topline Capital Partners, Lp	10 percent owner	544 EUCLID STREET, SANTA MONICA CA 90402
Topline Capital Management, Llc	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402
William L Burnham	director	INDUCTIVE CAPITAL LP, 9855 DOUBLE R BLVD, STE 125, RENO NV 89521
James Edward Sklar	officer: EVP, Gen. Counsel & Secretary	31500 NORTHWESTERN HWY., SUITE 105, FARMINGTON HILLS MI 48334
Kelly S Sharpe	director	5094 NORTHLAWN DR., SAN JOSE CA 95130
Barbara A Sinsley	director	2502 KENNETH ST., MARRIETA GA 30066
Shirley Cho	director	12227 VALLEYHEART DRIVE, STUDIO CITY CA 91604
Brian J. Cobb	officer: VP of Finance and Controller	12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Allan C Silber	officer: President	C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6
Mcbirney Collin	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402