The historical rank and industry rank for Modern Dental Group's Gross Margin % or its related term are showing as below:
HKSE:03600'
s Gross Margin % Range Over the Past 10 Years
Min: 46.61 Med: 51.12 Max: 53.86
Current: 53.62
During the past 10 years, the highestGross Margin % of Modern Dental Group was 53.86%. The lowest was 46.61%. And the median was 51.12%.
HKSE:03600's Gross Margin % is ranked better than 51.19% of 797
companies
in the Medical Devices & Instruments industry
Industry Median: 52.83
vs HKSE:03600: 53.62
Modern Dental Group had a gross margin of 53.06% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Modern Dental Group was 2.30% per year.
Modern Dental Group Gross Margin % Historical Data
The historical data trend for Modern Dental 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.
Competitive Comparison of Modern Dental Group's Gross Margin %
For the Medical Instruments & Supplies subindustry, Modern Dental 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.
Modern Dental Group's Gross Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Modern Dental Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Modern Dental Group's Gross Margin % falls into.
* 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.
Modern Dental Group (HKSE:03600) 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
Modern Dental Group had a gross margin of 53.06% for the quarter that ended in Dec. 2023 => 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.
Modern Dental Group Gross Margin % Related Terms
Thank you for viewing the detailed overview of Modern Dental Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Modern Dental Group (HKSE:03600) Business Description
Modern Dental Group Ltd, along with its subsidiaries, is engaged in providing dental prosthetic devices. Its product portfolio is categorized into three segments, Fixed prosthetic devices such as crowns and bridges; Removable prosthetic devices such as removable dentures; and Other devices such as orthodontic devices, sports guards, and anti-snoring devices, raw materials, dental equipment, and services of educational events and seminars rendered. It generates a majority of the revenue from the sale of the Fixed prosthetic devices segment. Its geographical segments are Europe, North America, Australia, Greater China, and other countries.
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