Localiza Rent A Car's gross profit for the
three
months ended in Mar. 2024 was $714 Mil. Localiza Rent A Car's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $2,271 Mil.
Localiza Rent A Car had a gross margin of 40.96% for the quarter that ended in Mar. 2024 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Localiza Rent A Car was 43.10%. The lowest was 24.62%. And the median was 28.84%.
Localiza Rent A Car Gross Profit Historical Data
The historical data trend for Localiza Rent A Car'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 Localiza Rent A Car's Gross Profit
For the Rental & Leasing Services subindustry, Localiza Rent A Car'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.
Localiza Rent A Car's Gross Profit Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Localiza Rent A Car's Gross Profit distribution charts can be found below:
* The bar in red indicates where Localiza Rent A Car's Gross Profit falls into.
Localiza Rent A Car Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Localiza Rent A Car'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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,271 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.
Localiza Rent A Car (OTCPK:LZRFY) 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
Localiza Rent A Car had a gross margin of 40.96% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Localiza Rent A Car Gross Profit Related Terms
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Localiza Rent A Car (Localiza Rent A Car) Business Description
Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.
Localiza Rent A Car (Localiza Rent A Car) Headlines
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