Qurate Retail's gross profit for the
three
months ended in Dec. 2023 was $1,059 Mil. Qurate Retail's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $3,685 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Qurate Retail's gross profit for the
three
months ended in Dec. 2023 was $1,059 Mil. Qurate Retail's Revenue for the
three
months ended in Dec. 2023 was $3,143 Mil. Therefore, Qurate Retail's Gross Margin % for the quarter that ended in Dec. 2023 was 33.69%.
Qurate Retail had a gross margin of 33.69% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Qurate Retail was 36.40%. The lowest was 30.47%. And the median was 34.51%.
Warning Sign:
Qurate Retail Inc gross margin has been in long-term decline. The average rate of decline per year is -1.3%.
Qurate Retail Gross Profit Historical Data
The historical data trend for Qurate Retail'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.
Competitive Comparison of Qurate Retail's Gross Profit
For the Internet Retail subindustry, Qurate Retail'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.
Qurate Retail's Gross Profit Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Qurate Retail's Gross Profit distribution charts can be found below:
* The bar in red indicates where Qurate Retail's Gross Profit falls into.
Qurate Retail Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Qurate Retail's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 $3,685 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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
Qurate Retail had a gross margin of 33.69% for the quarter that ended in Dec. 2023 => Competition eroding margins
Qurate Retail Gross Profit Related Terms
Thank you for viewing the detailed overview of Qurate Retail's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Qurate Retail (Qurate Retail) Business Description
Qurate Retail Inc, through its subsidiaries, is engaged in the video and online commerce industries. Its segments include QxH, which includes QVC U.S. and HSN market and sell a wide variety of consumer products in the United States, primarily using their televised shopping programs and via the Internet through their websites and mobile applications; QVC International segment markets and sells a wide variety of consumer products in several foreign countries, primarily using its televised shopping programs and via the Internet through its international websites and mobile applications; and Zulily markets and sells a wide variety of consumer products in the United States and several foreign countries. Its geographical segments include the U.S, Japan, Germany, and Other countries.
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