ImmuCell's gross profit for the
three
months ended in Mar. 2024 was $2.30 Mil. ImmuCell's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $5.86 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. ImmuCell's gross profit for the
three
months ended in Mar. 2024 was $2.30 Mil. ImmuCell's Revenue for the
three
months ended in Mar. 2024 was $7.26 Mil. Therefore, ImmuCell's Gross Margin % for the quarter that ended in Mar. 2024 was 31.62%.
ImmuCell had a gross margin of 31.62% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of ImmuCell was 61.11%. The lowest was 22.14%. And the median was 48.20%.
Warning Sign:
ImmuCell Corp gross margin has been in long-term decline. The average rate of decline per year is -11.6%.
ImmuCell Gross Profit Historical Data
The historical data trend for ImmuCell'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.
For the Biotechnology subindustry, ImmuCell'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.
ImmuCell's Gross Profit Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, ImmuCell's Gross Profit distribution charts can be found below:
* The bar in red indicates where ImmuCell's Gross Profit falls into.
ImmuCell Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
ImmuCell's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 $5.86 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
ImmuCell (NAS:ICCC) 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
ImmuCell had a gross margin of 31.62% for the quarter that ended in Mar. 2024 => Competition eroding margins
ImmuCell Gross Profit Related Terms
Thank you for viewing the detailed overview of ImmuCell's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
ImmuCell Corp is engaged in the healthcare sector. The company operates in the development, acquisition, manufacture, and sale of products that improve the health and productivity of cows for the dairy and beef industries. The firm has developed products that provide immediate immunity to newborn dairy and beef cattle and is developing product line extensions of its existing products that address mastitis. Its lead product, First Defense, is manufactured to prevent scours in newborn calves. It has two segments Scours and Mastitis. The company generates the majority of its revenue from the United States.
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