Prenetics Global (Prenetics Global) Gross Profit : $14.24 Mil (TTM As of Dec. 2023)

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What is Prenetics Global Gross Profit?

Prenetics Global's gross profit for the three months ended in Dec. 2023 was $2.60 Mil. Prenetics Global's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $14.24 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Prenetics Global's gross profit for the three months ended in Dec. 2023 was $2.60 Mil. Prenetics Global's Revenue for the three months ended in Dec. 2023 was $5.28 Mil. Therefore, Prenetics Global's Gross Margin % for the quarter that ended in Dec. 2023 was 49.18%.

Prenetics Global had a gross margin of 49.18% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 5 years, the highest Gross Margin % of Prenetics Global was 42.45%. The lowest was 27.48%. And the median was 29.41%.

Prenetics Global Gross Profit Historical Data

The historical data trend for Prenetics Global'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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Prenetics Global Gross Profit Chart

Prenetics Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

2.72

26.35

3.60

3.62

8.83

Prenetics Global Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial									-1.08	7.88	2.14	1.62	2.60

Competitive Comparison of Prenetics Global's Gross Profit

For the Diagnostics & Research subindustry, Prenetics Global'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.

Prenetics Global's Gross Profit Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Prenetics Global's Gross Profit distribution charts can be found below:

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

Prenetics Global Gross Profit Calculation

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

Prenetics Global'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
	=	21.743	-	12.913
	=	8.83

Prenetics Global's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	5.277	-	2.682
	=	2.60

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.24 Mil.

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

Prenetics Global'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	2.60	/	5.277
	=	49.18 %

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.

Prenetics Global (NAS:PRE) 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

Prenetics Global had a gross margin of 49.18% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Prenetics Global Gross Profit Related Terms

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Prenetics Global (Prenetics Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Prenetics Global Ltd (NAS:PRE) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 701-706, K11 Atelier King’s Road, 728 King’s Road, Quarry Bay, Hong Kong, HKG

Website

https://www.prenetics.com

Prenetics Global Ltd is a diagnostic and genetic testing company. It is a genomics and precision oncology company that has devised a method to integrate early detection for cancer, targeted therapy and direct-to-consumer genetic testing services into one comprehensive platform. It operates in two segments. The prevention segment includes the design & sale of genetics testing (including update services) & stool-based DNA tests for early colorectal cancer screening. The diagnostic segment includes the sale of COVID-19 testing services & products and precision oncology services. The majority of revenue is from the diagnostics segment. Geographically, it operates in Hong Kong and the United Kingdom, out of which the majority is from Hong Kong.