South Jersey Industries (South Jersey Industries) Gross Profit : $503 Mil (TTM As of Sep. 2022)

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What is South Jersey Industries Gross Profit?

South Jersey Industries's gross profit for the three months ended in Sep. 2022 was $52 Mil. South Jersey Industries's gross profit for the trailing twelve months (TTM) ended in Sep. 2022 was $503 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. South Jersey Industries's gross profit for the three months ended in Sep. 2022 was $52 Mil. South Jersey Industries's Revenue for the three months ended in Sep. 2022 was $609 Mil. Therefore, South Jersey Industries's Gross Margin % for the quarter that ended in Sep. 2022 was 8.50%.

South Jersey Industries had a gross margin of 8.50% for the quarter that ended in Sep. 2022 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of South Jersey Industries was 42.25%. The lowest was 19.44%. And the median was 33.91%.

Warning Sign:

South Jersey Industries Inc gross margin has been in long-term decline. The average rate of decline per year is -10.1%.

South Jersey Industries Gross Profit Historical Data

The historical data trend for South Jersey Industries'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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South Jersey Industries Gross Profit Chart

South Jersey Industries Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Gross Profit

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377.11

553.77

320.57

410.28

482.33

South Jersey Industries Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Gross Profit	Get a 7-Day Free Trial															16.07	186.19	237.33	27.27	51.74

Competitive Comparison of South Jersey Industries's Gross Profit

For the Utilities - Diversified subindustry, South Jersey Industries'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.

South Jersey Industries's Gross Profit Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, South Jersey Industries's Gross Profit distribution charts can be found below:

* The bar in red indicates where South Jersey Industries's Gross Profit falls into.

South Jersey Industries Gross Profit Calculation

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

South Jersey Industries's Gross Profit for the fiscal year that ended in Dec. 2021 is calculated as

Gross Profit (A: Dec. 2021 )	=	Revenue	-	Cost of Goods Sold
	=	1991.996	-	1509.663
	=	482

South Jersey Industries's Gross Profit for the quarter that ended in Sep. 2022 is calculated as

Gross Profit (Q: Sep. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	608.518	-	556.78
	=	52

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $503 Mil.

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

South Jersey Industries's Gross Margin % for the quarter that ended in Sep. 2022 is calculated as

Gross Margin % (Q: Sep. 2022 )	=	Gross Profit (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	52	/	608.518
	=	8.50 %

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.

South Jersey Industries (NYSE:SJI) 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

South Jersey Industries had a gross margin of 8.50% for the quarter that ended in Sep. 2022 => No sustainable competitive advantage

South Jersey Industries Gross Profit Related Terms

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South Jersey Industries (South Jersey Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » South Jersey Industries Inc (NYSE:SJI) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 South Jersey Plaza, Folsom, NJ, USA, 08037

Website

https://www.sjindustries.com

South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services.

Executives

G Edison Holland	director	270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303
Kevin M. O'dowd	director	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Eric Moss Stein	officer: SVP, General Counsel	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Leonard Jr Brinson	officer: SVP, Chief Information Officer	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Karen L Phillips	officer: SVP, Human Resources	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Christopher Paladino	director	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sheila Hartnett-devlin	director, Director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sunita Holzer	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Kathleen D Larkin	officer: SVP & CHRO	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Cielo Hernandez	officer: SVP & CFO	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Ann T Anthony	officer: Treasurer	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Walter M Higgins	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Michael J Renna	officer: Vice President	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Melissa Orsen	officer: SVP & General Counsel	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Steven R Cocchi	officer: SVP, Strategy & Growth	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037