IDOX (LSE:IDOX) Gross Margin % : 77.81% (As of Oct. 2023)

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What is IDOX Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. IDOX's Gross Profit for the six months ended in Oct. 2023 was £29.18 Mil. IDOX's Revenue for the six months ended in Oct. 2023 was £37.50 Mil. Therefore, IDOX's Gross Margin % for the quarter that ended in Oct. 2023 was 77.81%.

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

LSE:IDOX' s Gross Margin % Range Over the Past 10 Years
Min: 70.25 Med: 77.69 Max: 89.43
Current: 78.12

During the past 13 years, the highest Gross Margin % of IDOX was 89.43%. The lowest was 70.25%. And the median was 77.69%.

LSE:IDOX's Gross Margin % is ranked better than
85.52% of 2639 companies
in the Software industry
Industry Median: 41.84 vs LSE:IDOX: 78.12

IDOX had a gross margin of 77.81% for the quarter that ended in Oct. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for IDOX was 1.80% per year.

IDOX Gross Margin % Historical Data

The historical data trend for IDOX'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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IDOX Gross Margin % Chart

IDOX Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Gross Margin %

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70.25

74.25

72.45

77.26

78.12

IDOX Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Gross Margin %	Get a 7-Day Free Trial															72.10	74.74	79.80	78.43	77.81

Competitive Comparison of IDOX's Gross Margin %

For the Software - Application subindustry, IDOX'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.

IDOX's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, IDOX's Gross Margin % distribution charts can be found below:

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

IDOX Gross Margin % Calculation

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

IDOX's Gross Margin for the fiscal year that ended in Oct. 2023 is calculated as

Gross Margin % (A: Oct. 2023 )	=	Gross Profit (A: Oct. 2023 )	/	Revenue (A: Oct. 2023 )
	=	57.2	/	73.277
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(73.277 - 16.036)	/	73.277
	=	78.12 %

IDOX's Gross Margin for the quarter that ended in Oct. 2023 is calculated as

Gross Margin % (Q: Oct. 2023 )	=	Gross Profit (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	29.2	/	37.496
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(37.496 - 8.319)	/	37.496
	=	77.81 %

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.

IDOX (LSE:IDOX) 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

IDOX had a gross margin of 77.81% for the quarter that ended in Oct. 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.

IDOX Gross Margin % Related Terms

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IDOX (LSE:IDOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IDOX PLC (LSE:IDOX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

IDOX.GB:UK

Address

Forsyth Road, Unit 5, Woking 8, Surrey, GBR, GU21 5SB

Website

https://www.idoxgroup.com

IDOX PLC is a provider of applications to the United Kingdom's local government related to land, people, and property. The company provides public sector companies tools to manage information and knowledge, documents, content, business processes and workflow, and elections management solutions. Its operating segments include Public Sector Software (PSS), Engineering Information Management (EIM). The company generates maximum revenue from the PSS segment. The PSS segment delivers specialist information management solutions and services to the public sector. Geographically, it derives a majority of its revenue from the United Kingdom.

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