Odontoprev (BSP:ODPV3) Gross Margin % : 24.16% (As of Dec. 2023)

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What is Odontoprev Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Odontoprev's Gross Profit for the three months ended in Dec. 2023 was R$132 Mil. Odontoprev's Revenue for the three months ended in Dec. 2023 was R$545 Mil. Therefore, Odontoprev's Gross Margin % for the quarter that ended in Dec. 2023 was 24.16%.

Warning Sign:

Odontoprev SA gross margin has been in long-term decline. The average rate of decline per year is -13.5%.

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

BSP:ODPV3' s Gross Margin % Range Over the Past 10 Years
Min: 26.41 Med: 54.3 Max: 68.72
Current: 26.41

During the past 13 years, the highest Gross Margin % of Odontoprev was 68.72%. The lowest was 26.41%. And the median was 54.30%.

BSP:ODPV3's Gross Margin % is ranked better than
56.25% of 16 companies
in the Healthcare Plans industry
Industry Median: 23.73 vs BSP:ODPV3: 26.41

Odontoprev had a gross margin of 24.16% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Odontoprev was -13.50% per year.

Odontoprev Gross Margin % Historical Data

The historical data trend for Odontoprev'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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Odontoprev Gross Margin % Chart

Odontoprev Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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55.20

56.96

57.74

27.02

30.90

Odontoprev 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															20.26	19.57	36.96	30.52	24.16

Competitive Comparison of Odontoprev's Gross Margin %

For the Healthcare Plans subindustry, Odontoprev'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.

Odontoprev's Gross Margin % Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Odontoprev's Gross Margin % distribution charts can be found below:

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

Odontoprev Gross Margin % Calculation

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

Odontoprev'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 )
	=	654.7	/	2118.667
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2118.667 - 1463.937)	/	2118.667
	=	30.90 %

Odontoprev'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 )
	=	131.5	/	544.502
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(544.502 - 412.967)	/	544.502
	=	24.16 %

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.

Odontoprev (BSP:ODPV3) 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

Odontoprev had a gross margin of 24.16% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

Odontoprev Gross Margin % Related Terms

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Odontoprev (BSP:ODPV3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Odontoprev SA (BSP:ODPV3) » Definitions » Gross Margin %

Comparable Companies

BSP:QUAL3 UNH ELV CI CVS HUM CNC MOH SZSE:000503 ALHC OSCR CLOV BHG ROCO:6665 MIL:HI TSXV:NXG PFHO MRAI

Traded in Other Exchanges

N/A

Address

Avenida Marcos Penteado de Ulhoa Rodrigues, 939 - 14th Floor, section 1401, Jatoba Building, Castelo Branco Office Park, Tambore, Barueri, SP, BRA, 06460-040

Website

http://www.odontoprev.com.br

Odontoprev SA provides dental benefit plans throughout Brazil and operates a sizable network of dentists throughout the country. The firm operates in three segments based on client size as well as one auxiliary segment that includes dental care goods and services. The dental care plan segments include corporate plans with many contracts (more than 200); small and midsize, with smaller groups of contracts; and individual, which includes monthly and annual plans sold directly to individuals. The majority of Odontoprev's revenue is generated by the corporate segment.

Odontoprev (BSP:ODPV3) Headlines

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