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Intevac (Intevac) Gross Margin % : 46.01% (As of Dec. 2023)


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What is Intevac Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Intevac's Gross Profit for the three months ended in Dec. 2023 was $5.94 Mil. Intevac's Revenue for the three months ended in Dec. 2023 was $12.91 Mil. Therefore, Intevac's Gross Margin % for the quarter that ended in Dec. 2023 was 46.01%.


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

IVAC' s Gross Margin % Range Over the Past 10 Years
Min: 18.34   Med: 37.74   Max: 43
Current: 38.41


During the past 13 years, the highest Gross Margin % of Intevac was 43.00%. The lowest was 18.34%. And the median was 37.74%.

IVAC's Gross Margin % is ranked better than
78% of 2937 companies
in the Industrial Products industry
Industry Median: 26.42 vs IVAC: 38.41

Intevac had a gross margin of 46.01% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Intevac was 0.20% per year.


Intevac Gross Margin % Historical Data

The historical data trend for Intevac'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.

Intevac Gross Margin % Chart

Intevac Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.53 43.00 18.34 42.19 38.41

Intevac Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.28 40.89 24.95 39.07 46.01

Competitive Comparison of Intevac's Gross Margin %

For the Specialty Industrial Machinery subindustry, Intevac'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.


Intevac's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Intevac's Gross Margin % distribution charts can be found below:

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



Intevac Gross Margin % Calculation

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

Intevac's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=20.2 / 52.665
=(Revenue - Cost of Goods Sold) / Revenue
=(52.665 - 32.439) / 52.665
=38.41 %

Intevac's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=5.9 / 12.907
=(Revenue - Cost of Goods Sold) / Revenue
=(12.907 - 6.968) / 12.907
=46.01 %

* 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.


Intevac  (NAS:IVAC) 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

Intevac had a gross margin of 46.01% 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.


Intevac Gross Margin % Related Terms

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


Intevac (Intevac) Business Description

Traded in Other Exchanges
Address
3560 Bassett Street, Santa Clara, CA, USA, 95054
Intevac Inc designs and develops high-productivity, thin-film processing systems. The company's production-proven platforms are designed for high-volume manufacturing of substrates with precise thin-film properties, such as the hard disk drive, display cover panel. The Thin Film Equipment segment also previously designed, developed and marketed manufacturing equipment for the photovoltaic solar cell and semiconductor packaging industries. Geographically, majority of revenue is generated from Asia.
Executives
Kevin Soulsby officer: Chief Financial Officer, 3560 BASSETT STREET, SANTA CLARA CA 95054
Nigel Hunton director, officer: President and CEO 3560 BASSETT STREET, SANTA CLARA CA 95056
Michele Klein director 469 MINOCA ROAD, PORTOLA VALLEY CA 94028
James P Moniz officer: Chief Financial Officer, 1383 E. CAMPBELL AVENUE, CAMPBELL CA 95008
Bleichroeder Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
David S Dury director C/O INTEVAC INC, 3560 BASSETT STREET, SANTA CLARA CA 95054
Kevin D Barber director 1251 MCKAY DRIVE, SAN JOSE CA 95131
Dickinson Colin John officer: V.P. of Operations 3560 BASSETT STREET, SANTA CLARA CA 95054
Timothy Justyn officer: VP, Operations
Wendell Thomas Blonigan officer: President & CEO INTEVAC, INC., 3560 BASSETT STREET, SANTA CLARA CA 95054
Jay Cho officer: EVP & General Manager 3560 BASSETT STREET, SANTA CLARA CA 95054
Dorothy D Hayes director P.O. BOX 7850, ., MOUNTAIN VIEW CA 94039-7850
Stephen Jamison director 32 INDEPENDENCE ROAD, BEDFORD X1 01730
21 April Fund, Ltd. 10 percent owner Citco Fund Services (Cayman Islands) Ltd, Regatta Office Park West Bay Road, GRAND CAYMAN E9 KY1-1205
Mark Popovich director 24 MACKENZIE LANE, COTO DE CAZA X1 92679

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