Magnet Forensics (TSX:MAGT) Gross Profit : C$121.7 Mil (TTM As of Dec. 2022)

Magnet Forensics Gross Profit Chart

Magnet Forensics Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Gross Profit	Get a 7-Day Free Trial									25.39	23.14	27.62	31.10	39.81

Competitive Comparison of Magnet Forensics's Gross Profit

For the Software - Application subindustry, Magnet Forensics'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.

Magnet Forensics's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Magnet Forensics's Gross Profit distribution charts can be found below:

* The bar in red indicates where Magnet Forensics's Gross Profit falls into.

Magnet Forensics Gross Profit Calculation

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

Magnet Forensics's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Magnet Forensics's Gross Profit for the quarter that ended in Dec. 2022 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$121.7 Mil.

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

Magnet Forensics's Gross Margin % for the quarter that ended in Dec. 2022 is calculated as

* 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.

Magnet Forensics  (TSX:MAGT) 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

Magnet Forensics had a gross margin of 94.49% for the quarter that ended in Dec. 2022 => Durable competitive advantage

Magnet Forensics Gross Profit Related Terms

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Magnet Forensics (TSX:MAGT) Business Description