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Retractable Technologies's gross profit for the three months ended in Mar. 2024 was $1.90 Mil. Retractable Technologies's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $8.14 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Retractable Technologies's gross profit for the three months ended in Mar. 2024 was $1.90 Mil. Retractable Technologies's Revenue for the three months ended in Mar. 2024 was $7.60 Mil. Therefore, Retractable Technologies's Gross Margin % for the quarter that ended in Mar. 2024 was 25.02%.
Retractable Technologies had a gross margin of 25.02% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 13 years, the highest Gross Margin % of Retractable Technologies was 50.62%. The lowest was 20.25%. And the median was 34.25%.
Warning Sign:
Retractable Technologies Inc gross margin has been in long-term decline. The average rate of decline per year is -6.1%.
The historical data trend for Retractable 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.
Retractable Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 14.14 | 37.01 | 95.35 | 28.25 | 9.11 |
Retractable Technologies Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Profit | Get a 7-Day Free Trial | 2.87 | 0.38 | 4.32 | 1.54 | 1.90 |
For the Medical Instruments & Supplies subindustry, Retractable 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.
For the Medical Devices & Instruments industry and Healthcare sector, Retractable Technologies's Gross Profit distribution charts can be found below:
* The bar in red indicates where Retractable Technologies's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Retractable Technologies's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 43.597 | - | 34.489 | |
= | 9.11 |
Retractable Technologies's Gross Profit for the quarter that ended in Mar. 2024 is calculated as
Gross Profit (Q: Mar. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 7.599 | - | 5.698 | |
= | 1.90 |
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 $8.14 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Retractable Technologies'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 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 1.90 | / | 7.599 | |
= | 25.02 % |
* 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.
Retractable Technologies (AMEX:RVP) 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
Retractable Technologies had a gross margin of 25.02% for the quarter that ended in Mar. 2024 => Competition eroding margins
Thank you for viewing the detailed overview of Retractable Technologies's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas J Shaw | director, 10 percent owner, officer: President and CEO | 511 LOBO LANE, LITTLE ELM TX 75068 |
Braden Michael Leonard | 10 percent owner | 156 S. FIRST STREET, ZIONSVILLE IN 46077 |
Bigby Walter O Jr | director | 816 BENTON RD, BOSSIER CITY LA 71111 |
Darren E Findley | director | 1618 GRASSMERE RD, FRANKLIN TN 37064 |
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Clarence D Zierhut | director | 1217 BLUEBIRD LANE, GARLAND TX 75042 |
Lillian E Salerno | 10 percent owner | 777 7TH AVENUE, UNIT 308, WASHINGTON DC 20001 |
Suzanne M August | 10 percent owner | 340 NORTH JULIA CIRCLE, ST. PETERSBURG FL 33706 |
Steven R Wisner | director, officer: Exec. VP, Eng & Prod. | 511 LOBO LANE, PO BOX 9, LITTLE ELM TX 75068 |
Marco Laterza | director | P.O. BOX 64104, EL PASO TX 79904 |
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Michele Larios | officer: Vice President/General Counsel | 511 LOBO LANE, LITTLE ELM TX 75068 |
From GuruFocus
By GuruFocus Research • 08-22-2023
By gurufocus • 03-16-2009
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