Driver Group (LSE:DRV) Gross Profit : £10.78 Mil (TTM As of Sep. 2023)

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What is Driver Group Gross Profit?

Driver Group's gross profit for the six months ended in Sep. 2023 was £4.44 Mil. Driver Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was £10.78 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Driver Group's gross profit for the six months ended in Sep. 2023 was £4.44 Mil. Driver Group's Revenue for the six months ended in Sep. 2023 was £18.41 Mil. Therefore, Driver Group's Gross Margin % for the quarter that ended in Sep. 2023 was 24.10%.

Driver Group had a gross margin of 24.10% for the quarter that ended in Sep. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Driver Group was 26.00%. The lowest was 20.66%. And the median was 24.69%.

Warning Sign:

Driver Group PLC gross margin has been in long-term decline. The average rate of decline per year is -1.3%.

Driver Group Gross Profit Historical Data

The historical data trend for Driver Group'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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Driver Group Gross Profit Chart

Driver Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Profit

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13.54

13.13

12.24

9.31

10.78

Driver Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Profit	Get a 7-Day Free Trial															5.84	5.88	3.43	6.34	4.44

Competitive Comparison of Driver Group's Gross Profit

For the Consulting Services subindustry, Driver Group'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.

Driver Group's Gross Profit Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Driver Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where Driver Group's Gross Profit falls into.

Driver Group Gross Profit Calculation

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

Driver Group's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as

Gross Profit (A: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	42.633	-	31.855
	=	10.78

Driver Group's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	18.414	-	13.976
	=	4.44

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £10.78 Mil.

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

Driver Group's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	4.44	/	18.414
	=	24.10 %

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.

Driver Group (LSE:DRV) 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

Driver Group had a gross margin of 24.10% for the quarter that ended in Sep. 2023 => Competition eroding margins

Driver Group Gross Profit Related Terms

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Driver Group (LSE:DRV) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Old Broad Street, Suite 706-708, Floor 7, London, GBR, EC2N 1AR

Website

https://www.driver-group.com

Driver Group PLC provides consultancy services to the engineering and construction industries. The business activity of the group is primarily operated through divisions such as Europe and the Americas; Asia Pacific; Middle East. Geographically, it derives a majority of its revenue from the United Kingdom and can be seen across the region of Oman, France, Qatar, Germany, Kuwait, China, the US, Canada, and others. It offers quantity surveying, quantum and planning experts, litigation support, contract administration, and commercial advice/management services; and capital investment consultancy services, including development, project, and contracting management services.