Track Group (Track Group) Gross Margin % : 46.88% (As of Dec. 2023)

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What is Track Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Track Group's Gross Profit for the three months ended in Dec. 2023 was $4.20 Mil. Track Group's Revenue for the three months ended in Dec. 2023 was $8.97 Mil. Therefore, Track Group's Gross Margin % for the quarter that ended in Dec. 2023 was 46.88%.

Warning Sign:

Track Group Inc gross margin has been in long-term decline. The average rate of decline per year is -4.9%.

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

TRCK' s Gross Margin % Range Over the Past 10 Years
Min: 44.3 Med: 54.69 Max: 60.17
Current: 44.3

During the past 13 years, the highest Gross Margin % of Track Group was 60.17%. The lowest was 44.30%. And the median was 54.69%.

TRCK's Gross Margin % is ranked better than
83.19% of 2439 companies
in the Hardware industry
Industry Median: 24.34 vs TRCK: 44.30

Track Group had a gross margin of 46.88% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Track Group was -4.90% per year.

Track Group Gross Margin % Historical Data

The historical data trend for Track Group'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.

Track Group Gross Margin % Chart

Track Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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55.90

55.04

53.22

46.94

44.37

Track Group 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															47.21	45.05	42.12	43.06	46.88

Competitive Comparison of Track Group's Gross Margin %

For the Scientific & Technical Instruments subindustry, Track Group'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.

Track Group's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Track Group's Gross Margin % distribution charts can be found below:

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

Track Group Gross Margin % Calculation

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

Track Group's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	15.3	/	34.476
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(34.476 - 19.179)	/	34.476
	=	44.37 %

Track Group'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 )
	=	4.2	/	8.967
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8.967 - 4.763)	/	8.967
	=	46.88 %

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.

Track Group (OTCPK:TRCK) 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

Track Group had a gross margin of 46.88% for the quarter that ended in Dec. 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.

Track Group Gross Margin % Related Terms

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Track Group (Track Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Track Group Inc (OTCPK:TRCK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

G7F2:Germany

Address

200 E. 5th Avenue, Suite 100, Naperville, IL, USA, 60563

Website

https://www.trackgrp.com

Track Group Inc designs, manufactures, and markets location-tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include ReliAlert XC4, TrackerPAL, TrackerPAL Mobile, a portfolio of software applications including predictive analytics, a device-agnostic operating system, and a variety of accessories, services, and support offerings. The company sells products across the world through its direct sales team and resellers. It sells to government customers on federal, state, and local levels in the United States and to members of the Ministry of Justice internationally. Geographically, it derives a majority of its revenue from the United States.

Executives

Conrent Invest S.a.	10 percent owner	19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273
Matthew J. Swando	officer: CHIEF REVENUE OFFICER	C/O TRACK GROUP, INC., 200 E 5TH AVE, SUITE 100, NAPERVILLE IL 60563
Karim Sehnaoui	director	57 ROUTE DE CHENE, GENEVA V8 1208
Derek Cassell	officer: Chief Executive Officer	200 E. 5TH AVE., SUITE 100, NAPERVILLE IL 60563
Van Daele Dirk Karel	director	BERGSTRASSE 6, HORGEN V8 CH8810
Peter K Poli	officer: CHIEF FINANCIAL OFFICER	1215 W. LAKEVIEW COURT, ROMEOVILLE IL 60446
Ray O Johnson	director	C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Charles Eric Rosenblum	director	405 SOUTH MAIN STREET, SUITE 700, SALT LAKE CITY UT 84111
Karen M Macleod	director	C/O TRACK GROUP, INC., 200 E 5TH AVENUE STE 100, NAPERVILLE IL 60563
John R Merrill	officer: Chief Financial Officer	4222 HILLTOP DRIVE, PARK CITY UT 84098
Sapinda Asia Ltd	10 percent owner	8TH FLOOR, HANG SENG BANK BUILDING, 200 HENNESSEY ROAD, WANCHAI, HONG KONG K3 00000
Safety Invest S.a.	10 percent owner	19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273
Winfried Kunz	director	AM GASTEIG 9, TRAUBING 2M 82327
Guy Dubois	director, 10 percent owner	C/O POLLEKE III, SEESTRASSE 227, KILCHBERG V8 CH8802
Lars Windhorst	10 percent owner	C/O SAPINDA ASIA LTD, RMS 803-4, 8TH FLR, HANG SENG WANCHAI BLDG, 200 HENNESY ROAD, WANCHAI K3 999077