Abaxx Technologies's gross profit for the
three
months ended in Mar. 2024 was €0.00 Mil. Abaxx Technologies's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was €0.15 Mil.
Abaxx Technologies had a gross margin of N/A% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
Abaxx Technologies Gross Profit Historical Data
The historical data trend for Abaxx Technologies'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.
Competitive Comparison of Abaxx Technologies's Gross Profit
For the Software - Application subindustry, Abaxx Technologies'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.
Abaxx Technologies's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, Abaxx Technologies's Gross Profit distribution charts can be found below:
* The bar in red indicates where Abaxx Technologies's Gross Profit falls into.
Abaxx Technologies Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Abaxx Technologies'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 €0.15 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
(Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)
* 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.
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
Abaxx Technologies had a gross margin of N/A% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
Abaxx Technologies Gross Profit Related Terms
Thank you for viewing the detailed overview of Abaxx Technologies's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Abaxx Technologies Inc is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions easier and more secure. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically-settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.
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