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Resqunit AB (OSTO:RESQ) Gross Margin % : 27.38% (As of Jun. 2023)


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What is Resqunit AB Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Resqunit AB's Gross Profit for the six months ended in Jun. 2023 was kr0.16 Mil. Resqunit AB's Revenue for the six months ended in Jun. 2023 was kr0.59 Mil. Therefore, Resqunit AB's Gross Margin % for the quarter that ended in Jun. 2023 was 27.38%.


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

OSTO:RESQ' s Gross Margin % Range Over the Past 10 Years
Min: -17.94   Med: -17.94   Max: 15.05
Current: 15.05


During the past 2 years, the highest Gross Margin % of Resqunit AB was 15.05%. The lowest was -17.94%. And the median was -17.94%.

OSTO:RESQ's Gross Margin % is ranked worse than
81.21% of 2933 companies
in the Industrial Products industry
Industry Median: 26.39 vs OSTO:RESQ: 15.05

Resqunit AB had a gross margin of 27.38% for the quarter that ended in Jun. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Resqunit AB was 0.00% per year.


Resqunit AB Gross Margin % Historical Data

The historical data trend for Resqunit AB'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.

Resqunit AB Gross Margin % Chart

Resqunit AB Annual Data
Trend Dec21 Dec22
Gross Margin %
- -17.94

Resqunit AB Semi-Annual Data
Jun21 Jun22 Dec22 Jun23
Gross Margin % -120.90 -75.00 -9.46 27.38

Competitive Comparison of Resqunit AB's Gross Margin %

For the Pollution & Treatment Controls subindustry, Resqunit AB'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.


Resqunit AB's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Resqunit AB's Gross Margin % distribution charts can be found below:

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



Resqunit AB Gross Margin % Calculation

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

Resqunit AB's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=-0.1 / 0.34
=(Revenue - Cost of Goods Sold) / Revenue
=(0.34 - 0.401) / 0.34
=-17.94 %

Resqunit AB's Gross Margin for the quarter that ended in Jun. 2023 is calculated as


Gross Margin % (Q: Jun. 2023 )=Gross Profit (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.2 / 0.588
=(Revenue - Cost of Goods Sold) / Revenue
=(0.588 - 0.427) / 0.588
=27.38 %

* 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.


Resqunit AB  (OSTO:RESQ) 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

Resqunit AB had a gross margin of 27.38% for the quarter that ended in Jun. 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.


Resqunit AB Gross Margin % Related Terms

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Resqunit AB (OSTO:RESQ) Business Description

Traded in Other Exchanges
N/A
Address
Grenseveien 21, Sandnes, NOR, 4313
Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

Resqunit AB (OSTO:RESQ) Headlines

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