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# Macrogenics Gross Profit

: \$68.21 Mil (TTM As of Mar. 2020)
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Macrogenics's gross profit for the three months ended in Mar. 2020 was \$13.68 Mil. Macrogenics's gross profit for the trailing twelve months (TTM) ended in Mar. 2020 was \$68.21 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Macrogenics's gross profit for the three months ended in Mar. 2020 was \$13.68 Mil. Macrogenics's Revenue for the three months ended in Mar. 2020 was \$13.68 Mil. Therefore, Macrogenics's Gross Margin % for the quarter that ended in Mar. 2020 was N/A%.

Macrogenics had a gross margin of N/A% for the quarter that ended in Mar. 2020 => No sustainable competitive advantage

## Macrogenics Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 Macrogenics Annual Data Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Gross Profit    100.85 91.88 157.74 60.12 64.19

Competitive Comparison
* 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.

Macrogenics Gross Profit Distribution

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

## Macrogenics Gross Profit Calculation

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

Macrogenics's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as

 Gross Profit (A: Dec. 2019 ) = Revenue - Cost of Goods Sold = 64.188 - 0 = 64.19

Macrogenics's Gross Profit for the quarter that ended in Mar. 2020 is calculated as

 Gross Profit (Q: Mar. 2020 ) = Revenue - Cost of Goods Sold = 13.682 - 0 = 13.68

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2020 was 10.593 (Jun. 2019 ) + 18.741 (Sep. 2019 ) + 25.192 (Dec. 2019 ) + 13.682 (Mar. 2020 ) = \$68.21 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Macrogenics's Gross Margin % for the quarter that ended in Mar. 2020 is calculated as

 Gross Margin % (Q: Mar. 2020 ) = Gross Profit (Q: Mar. 2020 ) / Revenue (Q: Mar. 2020 ) = (Revenue - Cost of Goods Sold) / Revenue = 13.68 / 13.682 = N/A %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Macrogenics  (NAS:MGNX) 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

Macrogenics had a gross margin of N/A% for the quarter that ended in Mar. 2020 => No sustainable competitive advantage