GETECH Group (LSE:GTC) Gross Margin % : 42.84% (As of Jun. 2023)

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What is GETECH Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GETECH Group's Gross Profit for the six months ended in Jun. 2023 was £0.79 Mil. GETECH Group's Revenue for the six months ended in Jun. 2023 was £1.85 Mil. Therefore, GETECH Group's Gross Margin % for the quarter that ended in Jun. 2023 was 42.84%.

Warning Sign:

GETECH Group PLC gross margin has been in long-term decline. The average rate of decline per year is -9%.

The historical rank and industry rank for GETECH Group's Gross Margin % or its related term are showing as below:

LSE:GTC' s Gross Margin % Range Over the Past 10 Years
Min: 11.62 Med: 55.52 Max: 68.54
Current: 11.62

During the past 13 years, the highest Gross Margin % of GETECH Group was 68.54%. The lowest was 11.62%. And the median was 55.52%.

LSE:GTC's Gross Margin % is ranked worse than
74.49% of 929 companies
in the Oil & Gas industry
Industry Median: 27.83 vs LSE:GTC: 11.62

GETECH Group had a gross margin of 42.84% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for GETECH Group was -9.00% per year.

GETECH Group Gross Margin % Historical Data

The historical data trend for GETECH Group's Gross Margin % 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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GETECH Group Gross Margin % Chart

GETECH Group Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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47.24

63.55

52.82

45.91

27.40

GETECH Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial															59.03	28.83	62.70	-12.73	42.84

Competitive Comparison of GETECH Group's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, GETECH Group's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

GETECH Group's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, GETECH Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where GETECH Group's Gross Margin % falls into.

GETECH Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

GETECH Group's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	1.4	/	5.07
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5.07 - 3.681)	/	5.07
	=	27.40 %

GETECH Group's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.8	/	1.851
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.851 - 1.058)	/	1.851
	=	42.84 %

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.

GETECH Group (LSE:GTC) Gross Margin % 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

GETECH Group had a gross margin of 42.84% for the quarter that ended in Jun. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

GETECH Group Gross Margin % Related Terms

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GETECH Group (LSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

3AS:Germany

Address

Elmete Lane, Kitson House, Elmete Hall, West Yorkshire, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in the provision of geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. The company organizes its operations into two main segments: Products and Services. It derives its revenue from the Product segment. It has operations in the Americas, the United Kingdom, the Rest of Europe, Asia-Pacific, Africa, and others.

GETECH Group (LSE:GTC) Headlines

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