Coda Octopus Group (Coda Octopus Group) Gross Margin % : 69.20% (As of Jan. 2024)

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What is Coda Octopus Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Coda Octopus Group's Gross Profit for the three months ended in Jan. 2024 was $3.09 Mil. Coda Octopus Group's Revenue for the three months ended in Jan. 2024 was $4.46 Mil. Therefore, Coda Octopus Group's Gross Margin % for the quarter that ended in Jan. 2024 was 69.20%.

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

CODA' s Gross Margin % Range Over the Past 10 Years
Min: 53.76 Med: 65.99 Max: 70.27
Current: 67.87

During the past 13 years, the highest Gross Margin % of Coda Octopus Group was 70.27%. The lowest was 53.76%. And the median was 65.99%.

CODA's Gross Margin % is ranked better than
94.59% of 296 companies
in the Aerospace & Defense industry
Industry Median: 26.025 vs CODA: 67.87

Coda Octopus Group had a gross margin of 69.20% for the quarter that ended in Jan. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Coda Octopus Group was 0.00% per year.

Coda Octopus Group Gross Margin % Historical Data

The historical data trend for Coda Octopus Group'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.

Coda Octopus Group Gross Margin % Chart

Coda Octopus Group Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Gross Margin %

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65.57

63.51

69.24

68.35

67.34

Coda Octopus Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial															67.07	68.33	68.80	64.25	69.20

Competitive Comparison of Coda Octopus Group's Gross Margin %

For the Aerospace & Defense subindustry, Coda Octopus Group'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.

Coda Octopus Group's Gross Margin % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Coda Octopus Group's Gross Margin % falls into.

Coda Octopus Group Gross Margin % Calculation

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

Coda Octopus Group's Gross Margin for the fiscal year that ended in Oct. 2023 is calculated as

Gross Margin % (A: Oct. 2023 )	=	Gross Profit (A: Oct. 2023 )	/	Revenue (A: Oct. 2023 )
	=	13	/	19.352
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(19.352 - 6.321)	/	19.352
	=	67.34 %

Coda Octopus Group's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	3.1	/	4.461
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4.461 - 1.374)	/	4.461
	=	69.20 %

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.

Coda Octopus Group (NAS:CODA) 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

Coda Octopus Group had a gross margin of 69.20% for the quarter that ended in Jan. 2024 => Durable 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.

Coda Octopus Group Gross Margin % Related Terms

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

Coda Octopus Group (Coda Octopus Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Coda Octopus Group Inc (NAS:CODA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3300 S Hiawassee Road, Suite 104-105, Orlando, FL, USA, 32835

Website

https://www.codaoctopusgroup.com

Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. It operates in two segments: Marine Technology Business and Marine Engineering Business. The Technology Business develops proprietary solutions for both the commercial and defense subsea market. Its solutions include hardware and software for Geophysical Systems, Motion & Positioning Systems, and Real-Time Volumetric Imaging Sonar. The Engineering Business segment provides engineering services to a range of clients in the defense markets. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Marine Technology Business segment.

Executives

Annmarie Gayle	director, officer: Chief Executive Officer	6526 COTTONWOOD ST,, MURRAY UT 84107
Niels Soendergaard	10 percent owner	6526 COTTONWOOD ST, MURRAY UT 84107
G Tyler Runnels	10 percent owner	1999 AVENUE OF THE STARS, STE 2030, LOS ANGELES CA 90067
John Steven Emerson	10 percent owner	1522 ENSLEY AVENUE, LOS ANGELES CA 90024
Anthony Jean Tata	director	1 WATER CLUB WAY,, PH2104, NORTH PALM BEACH FL 33408
Robert Ronald Harcourt	director	3078 BRINE WAY, THE VILLAGES FL 32163
Gayle Michelle Jardine	officer: Interim CFO.	12 RAVELRIG GAIT,, BALERNO, EDINBURGH X0 EH14 7NH
Blair Graeme Cunningham	officer: Chief Technology Officer	164 WEST 25TH STREET, NEW YORK NY 10001
Nathan William Parker	officer: Chief Financial Officer.	14061 S. OLD SADDLE RD, DRAPER UT 84020
Kevin James Kane	officer: CEO Coda Octopus Colmek, Inc.	11864 VISTA GLEN CT, SANDY UT 84092
Michael Midgley	officer: Acting Chief Financial Officer	6526 COTTONWOOD ST,, MURRAY UT 84107
Michael J. Hamilton	director	NEWPORT OFFICE CENTER, 111 TOWN SQUARE PLACE, SUITE 1201, JERSEY CITY NJ 07310
Bryan Ezralow	10 percent owner	THE EZRALOW CO, LLC, 23622 CALABASAS ROAD, SUITE 200, CALABASAS CA 91302-1549
Mary Losty	director	613 LOCUST ST, CAMBRIDGE MD 21613
Joseph Charles Plumb	director	3917, FAIRBREEZE CIR, WESTLAKE VLG CA 91361