Solteq Oyj (OHEL:SOLTEQ) Gross Margin % : 19.48% (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Solteq Oyj Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Solteq Oyj's Gross Profit for the three months ended in Mar. 2024 was €2.64 Mil. Solteq Oyj's Revenue for the three months ended in Mar. 2024 was €13.57 Mil. Therefore, Solteq Oyj's Gross Margin % for the quarter that ended in Mar. 2024 was 19.48%.

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

OHEL:SOLTEQ' s Gross Margin % Range Over the Past 10 Years
Min: 69.44 Med: 88.18 Max: 90.67
Current: 70.4

During the past 13 years, the highest Gross Margin % of Solteq Oyj was 90.67%. The lowest was 69.44%. And the median was 88.18%.

OHEL:SOLTEQ's Gross Margin % is ranked better than
78.56% of 2631 companies
in the Software industry
Industry Median: 41.73 vs OHEL:SOLTEQ: 70.40

Solteq Oyj had a gross margin of 19.48% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Solteq Oyj was -0.50% per year.

Solteq Oyj Gross Margin % Historical Data

The historical data trend for Solteq Oyj'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.

Solteq Oyj Gross Margin % Chart

Solteq Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

90.67

90.18

88.56

88.97

87.80

Solteq Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															23.77	88.15	87.39	86.53	19.48

Competitive Comparison of Solteq Oyj's Gross Margin %

For the Information Technology Services subindustry, Solteq Oyj'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.

Solteq Oyj's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Solteq Oyj's Gross Margin % distribution charts can be found below:

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

Solteq Oyj Gross Margin % Calculation

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

Solteq Oyj'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 )
	=	50.6	/	57.655
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(57.655 - 7.033)	/	57.655
	=	87.80 %

Solteq Oyj'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 )
	=	2.6	/	13.571
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13.571 - 10.927)	/	13.571
	=	19.48 %

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.

Solteq Oyj (OHEL:SOLTEQ) 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

Solteq Oyj had a gross margin of 19.48% for the quarter that ended in Mar. 2024 => No sustainable 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.

Solteq Oyj Gross Margin % Related Terms

Thank you for viewing the detailed overview of Solteq Oyj's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Solteq Oyj (OHEL:SOLTEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Solteq Oyj (OHEL:SOLTEQ) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

B3M:Germany

Address

Karhumäenkuja 2, Vantaa, FIN, 01530

Website

https://www.solteq.com

Solteq Oyj is a provider of IT services and software solutions specializing in the digitalization of business and industry-specific software in sectors including retail, industry, energy, and services. It operates in Finland, Sweden, Norway, Denmark, Poland, and the UK. It has two business segments: Solteq Software includes businesses based on the Company's own products. The segment's revenue is mainly derived from license and maintenance fees for Solteq's own products, and related services such as integrations and implementation projects, and the Solteq Digital segment mainly comprises IT services. These services include consulting, the implementation of customer systems as projects, continuous development services, and maintenance.

Solteq Oyj (OHEL:SOLTEQ) Headlines

No Headlines