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Greater Than AB (OSTO:GREAT) Gross Margin % : 49.03% (As of Mar. 2024)


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What is Greater Than AB Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Greater Than AB's Gross Profit for the three months ended in Mar. 2024 was kr5.35 Mil. Greater Than AB's Revenue for the three months ended in Mar. 2024 was kr10.92 Mil. Therefore, Greater Than AB's Gross Margin % for the quarter that ended in Mar. 2024 was 49.03%.


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

OSTO:GREAT' s Gross Margin % Range Over the Past 10 Years
Min: -502.29   Med: -53.52   Max: 25.58
Current: 25.58


During the past 13 years, the highest Gross Margin % of Greater Than AB was 25.58%. The lowest was -502.29%. And the median was -53.52%.

OSTO:GREAT's Gross Margin % is ranked worse than
72.62% of 2641 companies
in the Software industry
Industry Median: 41.84 vs OSTO:GREAT: 25.58

Greater Than AB had a gross margin of 49.03% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Greater Than AB was 10.10% per year.


Greater Than AB Gross Margin % Historical Data

The historical data trend for Greater Than AB'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.

Greater Than AB Gross Margin % Chart

Greater Than AB 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 -51.00 -44.86 -502.29 -224.84 -4.61

Greater Than AB 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 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 -95.56 -37.68 29.47 31.77 49.03

Competitive Comparison of Greater Than AB's Gross Margin %

For the Software - Application subindustry, Greater Than AB'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.


Greater Than AB's Gross Margin % Distribution in the Software Industry

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

* The bar in red indicates where Greater Than AB's Gross Margin % falls into.



Greater Than AB Gross Margin % Calculation

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

Greater Than AB'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 )
=-1.3 / 28.27
=(Revenue - Cost of Goods Sold) / Revenue
=(28.27 - 29.572) / 28.27
=-4.61 %

Greater Than AB'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 )
=5.4 / 10.918
=(Revenue - Cost of Goods Sold) / Revenue
=(10.918 - 5.565) / 10.918
=49.03 %

* 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.


Greater Than AB  (OSTO:GREAT) 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

Greater Than AB had a gross margin of 49.03% 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.


Greater Than AB Gross Margin % Related Terms

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Greater Than AB (OSTO:GREAT) Business Description

Traded in Other Exchanges
N/A
Address
Karlavagen 58, Stockholm, SWE, 114 49
Greater Than AB is a driving data analytics company that uses artificial intelligence to convert GPS data into driver scores that predict crash probability and climate impact. Insurance companies, underwriters, fleet solution providers, mobility providers and other owners of GPS data use Greater Than's analysis to optimize driver risk management, achieve insurance profitability, manage sustainability and ESG reporting, and monetize GPS data.

Greater Than AB (OSTO:GREAT) Headlines

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