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Amplifon SpA (MIL:AMP) Gross Margin % : 24.51% (As of Dec. 2023)


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What is Amplifon SpA Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Amplifon SpA's Gross Profit for the three months ended in Dec. 2023 was €151 Mil. Amplifon SpA's Revenue for the three months ended in Dec. 2023 was €615 Mil. Therefore, Amplifon SpA's Gross Margin % for the quarter that ended in Dec. 2023 was 24.51%.

Warning Sign:

Amplifon SpA gross margin has been in long-term decline. The average rate of decline per year is -9.7%.


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

MIL:AMP' s Gross Margin % Range Over the Past 10 Years
Min: 22.91   Med: 47.81   Max: 56.56
Current: 22.99


During the past 13 years, the highest Gross Margin % of Amplifon SpA was 56.56%. The lowest was 22.91%. And the median was 47.81%.

MIL:AMP's Gross Margin % is ranked better than
61.46% of 96 companies
in the Medical Distribution industry
Industry Median: 16.22 vs MIL:AMP: 22.99

Amplifon SpA had a gross margin of 24.51% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Amplifon SpA was -9.70% per year.


Amplifon SpA Gross Margin % Historical Data

The historical data trend for Amplifon SpA'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.

* Premium members only.

Amplifon SpA Gross Margin % Chart

Amplifon SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.75 56.56 56.15 55.50 22.91

Amplifon SpA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 141.03 20.78 25.89 20.35 24.51

Competitive Comparison of Amplifon SpA's Gross Margin %

For the Medical Distribution subindustry, Amplifon SpA'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.


Amplifon SpA's Gross Margin % Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Amplifon SpA's Gross Margin % distribution charts can be found below:

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



Amplifon SpA Gross Margin % Calculation

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

Amplifon SpA's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=517.8 / 2260.084
=(Revenue - Cost of Goods Sold) / Revenue
=(2260.084 - 1742.312) / 2260.084
=22.91 %

Amplifon SpA's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=150.7 / 615.019
=(Revenue - Cost of Goods Sold) / Revenue
=(615.019 - 464.291) / 615.019
=24.51 %

* 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.


Amplifon SpA  (MIL:AMP) 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

Amplifon SpA had a gross margin of 24.51% for the quarter that ended in Dec. 2023 => Competition eroding margins


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.


Amplifon SpA Gross Margin % Related Terms

Thank you for viewing the detailed overview of Amplifon SpA's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Amplifon SpA (MIL:AMP) Business Description

Traded in Other Exchanges
Address
Via Ripamonti, 133, Milano, ITA, 20141
Amplifon SpA provides customizable hearing solutions and services through a distribution network of network affiliates, corporate shops, franchises, and shop-in-shops. Amplifon operates in three segments based on geography: the Americas; Europe, the Middle East, and Africa; and Asia-Pacific. It generates the majority of its revenue in the EMEA region. Amplifon operates under a variety of brands in these regions, including Amplifon, Beter Horen, Maxtone, and Miracle-Ear. The majority of Amplifon's direct points of sale are in Italy.