Sono-Tek's gross profit for the
three
months ended in Nov. 2023 was $2.93 Mil. Sono-Tek's gross profit for the trailing twelve months (TTM) ended in Nov. 2023 was $9.33 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Sono-Tek's gross profit for the
three
months ended in Nov. 2023 was $2.93 Mil. Sono-Tek's Revenue for the
three
months ended in Nov. 2023 was $5.69 Mil. Therefore, Sono-Tek's Gross Margin % for the quarter that ended in Nov. 2023 was 51.42%.
Sono-Tek had a gross margin of 51.42% for the quarter that ended in Nov. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Sono-Tek was 50.82%. The lowest was 45.20%. And the median was 47.64%.
Sono-Tek Gross Profit Historical Data
The historical data trend for Sono-Tek'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.
For the Scientific & Technical Instruments subindustry, Sono-Tek'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.
Sono-Tek's Gross Profit Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sono-Tek's Gross Profit distribution charts can be found below:
* The bar in red indicates where Sono-Tek's Gross Profit falls into.
Sono-Tek Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Sono-Tek's Gross Profit for the fiscal year that ended in Feb. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.33 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Sono-Tek (NAS:SOTK) 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
Sono-Tek had a gross margin of 51.42% for the quarter that ended in Nov. 2023 => Durable competitive advantage
Sono-Tek Gross Profit Related Terms
Thank you for viewing the detailed overview of Sono-Tek's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply precise, thin film coatings to a multitude of products for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive. It sell products to emerging research and development and other markets. Its ultrasonic nozzle systems use high frequency, ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing thin layers of protective materials over a surface such as glass or metals.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SOTK has been successfully added to your 