VOXX International (FRA:VOX) Gross Margin % : 26.87% (As of Nov. 2023)

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What is VOXX International Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. VOXX International's Gross Profit for the three months ended in Nov. 2023 was €33.6 Mil. VOXX International's Revenue for the three months ended in Nov. 2023 was €125.0 Mil. Therefore, VOXX International's Gross Margin % for the quarter that ended in Nov. 2023 was 26.87%.

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

FRA:VOX' s Gross Margin % Range Over the Past 10 Years
Min: 25.15 Med: 27.49 Max: 29.55
Current: 25.58

During the past 13 years, the highest Gross Margin % of VOXX International was 29.55%. The lowest was 25.15%. And the median was 27.49%.

FRA:VOX's Gross Margin % is ranked better than
52.28% of 2437 companies
in the Hardware industry
Industry Median: 24.45 vs FRA:VOX: 25.58

VOXX International had a gross margin of 26.87% for the quarter that ended in Nov. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for VOXX International was -0.70% per year.

VOXX International Gross Margin % Historical Data

The historical data trend for VOXX International'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.

VOXX International Gross Margin % Chart

VOXX International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Gross Margin %

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27.17

27.80

28.13

26.65

25.15

VOXX International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Gross Margin %	Get a 7-Day Free Trial															25.96	25.39	24.64	25.19	26.87

Competitive Comparison of VOXX International's Gross Margin %

For the Consumer Electronics subindustry, VOXX International'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.

VOXX International's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, VOXX International's Gross Margin % distribution charts can be found below:

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

VOXX International Gross Margin % Calculation

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

VOXX International's Gross Margin for the fiscal year that ended in Feb. 2023 is calculated as

Gross Margin % (A: Feb. 2023 )	=	Gross Profit (A: Feb. 2023 )	/	Revenue (A: Feb. 2023 )
	=	125.4	/	498.769
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(498.769 - 373.334)	/	498.769
	=	25.15 %

VOXX International's Gross Margin for the quarter that ended in Nov. 2023 is calculated as

Gross Margin % (Q: Nov. 2023 )	=	Gross Profit (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	33.6	/	124.98
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(124.98 - 91.4)	/	124.98
	=	26.87 %

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.

VOXX International (FRA:VOX) 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

VOXX International had a gross margin of 26.87% for the quarter that ended in Nov. 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.

VOXX International Gross Margin % Related Terms

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VOXX International (FRA:VOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VOXX International Corp (FRA:VOX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

VOXX:USA VOX:Germany

Address

2351 J. Lawson Boulevard, Orlando, FL, USA, 32824

Website

https://www.voxxintl.com

VOXX International Corp manufacturer and distributor in the Automotive Electronics, Consumer Electronics, and Biometrics industries. The consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio and other consumer electronic products. Automotive products, some of which are manufactured by the Company, are sold both to OEM and aftermarket customers. Biometric products, primarily consisting of finished goods, are sold to retail and commercial customers.