Promimic AB (OSTO:PRO) Gross Margin % : 105.83% (As of Mar. 2024)

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What is Promimic AB Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Promimic AB's Gross Profit for the three months ended in Mar. 2024 was kr9.16 Mil. Promimic AB's Revenue for the three months ended in Mar. 2024 was kr8.66 Mil. Therefore, Promimic AB's Gross Margin % for the quarter that ended in Mar. 2024 was 105.83%.

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

OSTO:PRO' s Gross Margin % Range Over the Past 10 Years
Min: 92.35 Med: 98.64 Max: 104.25
Current: 104.25

During the past 5 years, the highest Gross Margin % of Promimic AB was 104.25%. The lowest was 92.35%. And the median was 98.64%.

OSTO:PRO's Gross Margin % is ranked better than
98.37% of 800 companies
in the Medical Devices & Instruments industry
Industry Median: 52.66 vs OSTO:PRO: 104.25

Promimic AB had a gross margin of 105.83% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Promimic AB was 0.00% per year.

Promimic AB Gross Margin % Historical Data

The historical data trend for Promimic 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.

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Promimic AB Gross Margin % Chart

Promimic AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

98.64

92.35

94.33

102.53

103.90

Promimic AB Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial								104.38	103.38	103.68	104.37	105.83

Competitive Comparison of Promimic AB's Gross Margin %

For the Medical Devices subindustry, Promimic 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.

Promimic AB's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Promimic AB's Gross Margin % distribution charts can be found below:

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

Promimic AB Gross Margin % Calculation

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

Promimic 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 )
	=	38.5	/	37.07
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(37.07 - -1.445)	/	37.07
	=	103.90 %

Promimic 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 )
	=	9.2	/	8.655
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8.655 - -0.505)	/	8.655
	=	105.83 %

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.

Promimic AB (OSTO:PRO) 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

Promimic AB had a gross margin of 105.83% 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.

Promimic AB Gross Margin % Related Terms

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