Argo Properties NV (XTAE:ARGO) Gross Profit : ₪66.4 Mil (TTM As of Sep. 2023)

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What is Argo Properties NV Gross Profit?

Argo Properties NV's gross profit for the three months ended in Sep. 2023 was ₪18.6 Mil. Argo Properties NV's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was ₪66.4 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Argo Properties NV's gross profit for the three months ended in Sep. 2023 was ₪18.6 Mil. Argo Properties NV's Revenue for the three months ended in Sep. 2023 was ₪29.7 Mil. Therefore, Argo Properties NV's Gross Margin % for the quarter that ended in Sep. 2023 was 62.43%.

Argo Properties NV had a gross margin of 62.43% for the quarter that ended in Sep. 2023 => Durable competitive advantage

During the past 4 years, the highest Gross Margin % of Argo Properties NV was 62.90%. The lowest was 58.78%. And the median was 62.37%.

Argo Properties NV Gross Profit Historical Data

The historical data trend for Argo Properties NV'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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Argo Properties NV Gross Profit Chart

Argo Properties NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Profit

15.22

27.59

39.08

52.63

Argo Properties NV Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Profit	Get a 7-Day Free Trial											12.85	15.10	15.24	17.54	18.56

Competitive Comparison of Argo Properties NV's Gross Profit

For the Real Estate Services subindustry, Argo Properties NV'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.

Argo Properties NV's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Argo Properties NV's Gross Profit distribution charts can be found below:

* The bar in red indicates where Argo Properties NV's Gross Profit falls into.

Argo Properties NV Gross Profit Calculation

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

Argo Properties NV's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	89.542	-	36.914
	=	52.6

Argo Properties NV's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	29.736	-	11.173
	=	18.6

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪66.4 Mil.

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

Argo Properties NV'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
	=	18.6	/	29.736
	=	62.43 %

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.

Argo Properties NV (XTAE:ARGO) 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

Argo Properties NV had a gross margin of 62.43% for the quarter that ended in Sep. 2023 => Durable competitive advantage

Argo Properties NV Gross Profit Related Terms

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Argo Properties NV (XTAE:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Argo Properties NV (XTAE:ARGO) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karl-Liebknecht-Strasse 2a, Leipzig, SN, DEU, 04107

Website

https://www.argo-nv.com

Argo Properties NV is a foreign company engaged in the purchase, management, and rental of residential and office buildings in Germany. The company's segment includes Income generating residential real estate and Income generating real estate for development. It generates maximum revenue from the Income generating residential real estate segment.