ANGLE (LSE:AGL) Gross Margin % : 61.96% (As of Jun. 2023)

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What is ANGLE Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ANGLE's Gross Profit for the six months ended in Jun. 2023 was £0.74 Mil. ANGLE's Revenue for the six months ended in Jun. 2023 was £1.20 Mil. Therefore, ANGLE's Gross Margin % for the quarter that ended in Jun. 2023 was 61.96%.

Warning Sign:

ANGLE PLC gross margin has been in long-term decline. The average rate of decline per year is -3.7%.

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

LSE:AGL' s Gross Margin % Range Over the Past 10 Years
Min: 58.89 Med: 73.09 Max: 78.35
Current: 60.23

During the past 13 years, the highest Gross Margin % of ANGLE was 78.35%. The lowest was 58.89%. And the median was 73.09%.

LSE:AGL's Gross Margin % is ranked better than
67.91% of 215 companies
in the Medical Diagnostics & Research industry
Industry Median: 45.52 vs LSE:AGL: 60.23

ANGLE had a gross margin of 61.96% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for ANGLE was -3.70% per year.

ANGLE Gross Margin % Historical Data

The historical data trend for ANGLE'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.

ANGLE Gross Margin % Chart

ANGLE Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Gross Margin %

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73.09

77.14

78.35

70.19

58.89

ANGLE Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial															73.99	68.62	61.81	56.91	61.96

Competitive Comparison of ANGLE's Gross Margin %

For the Diagnostics & Research subindustry, ANGLE'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.

ANGLE's Gross Margin % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, ANGLE's Gross Margin % distribution charts can be found below:

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

ANGLE Gross Margin % Calculation

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

ANGLE's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	0.6	/	1.041
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.041 - 0.428)	/	1.041
	=	58.89 %

ANGLE's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.7	/	1.196
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.196 - 0.455)	/	1.196
	=	61.96 %

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.

ANGLE (LSE:AGL) 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

ANGLE had a gross margin of 61.96% for the quarter that ended in Jun. 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.

ANGLE Gross Margin % Related Terms

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ANGLE (LSE:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » ANGLE PLC (LSE:AGL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ANPCY:USA ANPCF:USA DWV:Germany

Address

10 Nugent Road, The Surrey Research Park, Surrey, Guildford, GBR, GU2 7AF

Website

https://www.angleplc.com

ANGLE PLC is active in the healthcare sector in the United Kingdom. It is a medical diagnostic company specializing in the development of pioneering products in cancer diagnostics. Its patented Parsortix technology can potentially treat and diagnose various forms of cancer. The Parsortix system can capture and harvest CTCs from patient blood. Its geographical segments include Europe and North America, of which majority of its revenue is generated from Europe.