ViroGates A/S (OCSE:VIRO) Gross Margin % : 78.52% (As of Mar. 2024)

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What is ViroGates A/S Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ViroGates A/S's Gross Profit for the three months ended in Mar. 2024 was kr1.21 Mil. ViroGates A/S's Revenue for the three months ended in Mar. 2024 was kr1.54 Mil. Therefore, ViroGates A/S's Gross Margin % for the quarter that ended in Mar. 2024 was 78.52%.

Warning Sign:

ViroGates A/S gross margin has been in long-term decline. The average rate of decline per year is -1.9%.

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

OCSE:VIRO' s Gross Margin % Range Over the Past 10 Years
Min: 77.35 Med: 86.09 Max: 90.59
Current: 82.41

During the past 8 years, the highest Gross Margin % of ViroGates A/S was 90.59%. The lowest was 77.35%. And the median was 86.09%.

OCSE:VIRO's Gross Margin % is ranked better than
91.58% of 796 companies
in the Medical Devices & Instruments industry
Industry Median: 53.295 vs OCSE:VIRO: 82.41

ViroGates A/S had a gross margin of 78.52% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for ViroGates A/S was -1.90% per year.

ViroGates A/S Gross Margin % Historical Data

The historical data trend for ViroGates A/S'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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ViroGates A/S Gross Margin % Chart

ViroGates A/S Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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89.28

78.26

77.35

83.28

83.08

ViroGates A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															81.21	80.62	84.14	85.01	78.52

Competitive Comparison of ViroGates A/S's Gross Margin %

For the Medical Devices subindustry, ViroGates A/S'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.

ViroGates A/S's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ViroGates A/S's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ViroGates A/S's Gross Margin % falls into.

ViroGates A/S Gross Margin % Calculation

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

ViroGates A/S'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 )
	=	5.8	/	6.987
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.987 - 1.182)	/	6.987
	=	83.08 %

ViroGates A/S's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.2	/	1.536
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.536 - 0.33)	/	1.536
	=	78.52 %

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.

ViroGates A/S (OCSE:VIRO) 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

ViroGates A/S had a gross margin of 78.52% for the quarter that ended in Mar. 2024 => 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.

ViroGates A/S Gross Margin % Related Terms

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ViroGates A/S (OCSE:VIRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ViroGates A/S (OCSE:VIRO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Banevaenget 13, Birkerod, DNK, DK-3460

Website

https://www.virogates.com

ViroGates A/S is a life science company that develops and sells prognostic products to the healthcare sector. The products are used in hospital emergency services, in particular, to make a clinical decision on hospitalization or discharge of emergency patients. The products can also be used for the prognosis of lifestyle-related diseases such as cardiovascular disease, type 2 diabetes, and cancer. It has developed a product line called suPARnostic to make the suPAR test available as a commercially available test and the ambition is to get the test implemented and used for clinical decision-making.

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