AVITA Medical (AVITA Medical) Gross Profit : $43.07 Mil (TTM As of Mar. 2024)

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What is AVITA Medical Gross Profit?

AVITA Medical's gross profit for the three months ended in Mar. 2024 was $9.59 Mil. AVITA Medical's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $43.07 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. AVITA Medical's gross profit for the three months ended in Mar. 2024 was $9.59 Mil. AVITA Medical's Revenue for the three months ended in Mar. 2024 was $11.10 Mil. Therefore, AVITA Medical's Gross Margin % for the quarter that ended in Mar. 2024 was 86.37%.

AVITA Medical had a gross margin of 86.37% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of AVITA Medical was 84.96%. The lowest was 41.23%. And the median was 75.90%.

AVITA Medical Gross Profit Historical Data

The historical data trend for AVITA Medical'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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AVITA Medical Gross Profit Chart

AVITA Medical Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

Gross Profit

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4.20

11.29

23.28

28.38

42.36

AVITA Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															8.88	9.55	11.53	12.40	9.59

Competitive Comparison of AVITA Medical's Gross Profit

For the Medical Devices subindustry, AVITA Medical'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.

AVITA Medical's Gross Profit Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, AVITA Medical's Gross Profit distribution charts can be found below:

* The bar in red indicates where AVITA Medical's Gross Profit falls into.

AVITA Medical Gross Profit Calculation

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

AVITA Medical's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	50.143	-	7.78
	=	42.36

AVITA Medical's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	11.104	-	1.513
	=	9.59

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 $43.07 Mil.

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

AVITA Medical's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	9.59	/	11.104
	=	86.37 %

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.

AVITA Medical (OTCPK:AVHHL) 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

AVITA Medical had a gross margin of 86.37% for the quarter that ended in Mar. 2024 => Durable competitive advantage

AVITA Medical Gross Profit Related Terms

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AVITA Medical (AVITA Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » AVITA Medical Inc (OTCPK:AVHHL) » Definitions » Gross Profit

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RCEL:USA 51KB:Germany AVH:Australia

Address

28159 Avenue Stanford, Suite 220, Valencia, Los Angeles, CA, USA, 91355

Website

https://www.avitamedical.com

Avita is a single product company. Its RECELL system is an innovative burn treatment device which creates Spray-on Skin from a small skin sample within 30 minutes, thus avoiding or reducing the need for skin grafts. It's approved for the treatment of adult patients in the U.S. with paediatric clinical trials and expanded indications in soft-tissue reconstruction and vitiligo underway. It is currently in roll-out across the approximately 136 U.S. burn centers. Despite having product approval in Australia, Europe, Canada, and China, Avita is not actively marketing in those territories and focussing instead on the U.S. region. However, it is expected to launch in Japan via distribution partner Cosmotec in second-half fiscal 2022. Avita is domiciled, and has its primary listing, in the U.S.