Freedom Care Group Holdings (ASX:FCG) Gross Profit : A$19.45 Mil (TTM As of Dec. 2023)

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What is Freedom Care Group Holdings Gross Profit?

Freedom Care Group Holdings's gross profit for the six months ended in Dec. 2023 was A$19.45 Mil. Freedom Care Group Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$19.45 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Freedom Care Group Holdings's gross profit for the six months ended in Dec. 2023 was A$19.45 Mil. Freedom Care Group Holdings's Revenue for the six months ended in Dec. 2023 was A$19.72 Mil. Therefore, Freedom Care Group Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 98.62%.

Freedom Care Group Holdings had a gross margin of 98.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 2 years, the highest Gross Margin % of Freedom Care Group Holdings was 98.62%. The lowest was 88.91%. And the median was 90.37%.

Freedom Care Group Holdings Gross Profit Historical Data

The historical data trend for Freedom Care Group Holdings'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.

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Freedom Care Group Holdings Gross Profit Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Gross Profit

3.38

10.39

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Gross Profit	-	-	9.63	19.45

Competitive Comparison of Freedom Care Group Holdings's Gross Profit

For the Medical Care Facilities subindustry, Freedom Care Group Holdings'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.

Freedom Care Group Holdings's Gross Profit Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Freedom Care Group Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Freedom Care Group Holdings's Gross Profit falls into.

Freedom Care Group Holdings Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Freedom Care Group Holdings's Gross Profit for the fiscal year that ended in Jun. 2022 is calculated as

Gross Profit (A: Jun. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	11.682	-	1.295
	=	10.39

Freedom Care Group Holdings's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	19.72	-	0.273
	=	19.45

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$19.45 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Freedom Care Group Holdings'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	19.45	/	19.72
	=	98.62 %

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.

Freedom Care Group Holdings (ASX:FCG) 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

Freedom Care Group Holdings had a gross margin of 98.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Freedom Care Group Holdings Gross Profit Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.