AXT's gross profit for the
three
months ended in Mar. 2024 was $6.09 Mil. AXT's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $14.30 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. AXT's gross profit for the
three
months ended in Mar. 2024 was $6.09 Mil. AXT's Revenue for the
three
months ended in Mar. 2024 was $22.69 Mil. Therefore, AXT's Gross Margin % for the quarter that ended in Mar. 2024 was 26.86%.
AXT had a gross margin of 26.86% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of AXT was 36.93%. The lowest was 17.57%. And the median was 32.09%.
Warning Sign:
AXT Inc gross margin has been in long-term decline. The average rate of decline per year is -7.9%.
AXT Gross Profit Historical Data
The historical data trend for AXT's Gross Profit 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.
For the Semiconductor Equipment & Materials subindustry, AXT's Gross Profit, along with its competitors' market caps and Gross Profit 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.
AXT's Gross Profit Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, AXT's Gross Profit distribution charts can be found below:
* The bar in red indicates where AXT's Gross Profit falls into.
AXT Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
AXT's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.30 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
AXT's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as
* 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.
AXT (NAS:AXTI) Gross Profit 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
AXT had a gross margin of 26.86% for the quarter that ended in Mar. 2024 => Competition eroding margins
AXT Gross Profit Related Terms
Thank you for viewing the detailed overview of AXT's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
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