Viking Holdings's gross profit for the
three
months ended in Mar. 2024 was $214 Mil. Viking Holdings's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $635 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Viking Holdings's gross profit for the
three
months ended in Mar. 2024 was $214 Mil. Viking Holdings's Revenue for the
three
months ended in Mar. 2024 was $718 Mil. Therefore, Viking Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 29.83%.
Viking Holdings had a gross margin of 29.83% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 3 years, the highestGross Margin % of Viking Holdings was 39.46%. The lowest was -13.95%. And the median was 32.23%.
Viking Holdings Gross Profit Historical Data
The historical data trend for Viking Holdings'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 Viking Holdings's Gross Profit
For the Travel Services subindustry, Viking Holdings'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.
Viking Holdings's Gross Profit Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Viking Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where Viking Holdings's Gross Profit falls into.
Viking Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Viking Holdings'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 $635 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
Viking Holdings had a gross margin of 29.83% for the quarter that ended in Mar. 2024 => Competition eroding margins
Viking Holdings Gross Profit Related Terms
Thank you for viewing the detailed overview of Viking Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Viking Holdings (Viking Holdings) Business Description
Viking Holdings Ltd is a travel company, with a fleet of 92 small, state-of-the-art ships, which view as floating hotels. It offer travel experiences on all seven continents in all three categories of the cruise industry—river, ocean and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment provides ocean cruises to English-speaking passengers. Other includes operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers ("Expedition"), Mississippi River cruises for English-speaking passengers, Viking China, which includes cruises for Mandarin.
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