Hydrix (ASX:HYD) Gross Margin % : 100.09% (As of Jun. 2024)

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What is Hydrix Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hydrix's Gross Profit for the six months ended in Jun. 2024 was A$4.71 Mil. Hydrix's Revenue for the six months ended in Jun. 2024 was A$4.70 Mil. Therefore, Hydrix's Gross Margin % for the quarter that ended in Jun. 2024 was 100.09%.

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

ASX:HYD' s Gross Margin % Range Over the Past 10 Years
Min: 99.47 Med: 99.83 Max: 99.92
Current: 99.81

During the past 13 years, the highest Gross Margin % of Hydrix was 99.92%. The lowest was 99.47%. And the median was 99.83%.

ASX:HYD's Gross Margin % is ranked better than
99.5% of 2422 companies
in the Hardware industry
Industry Median: 24.655 vs ASX:HYD: 99.81

Hydrix had a gross margin of 100.09% for the quarter that ended in Jun. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hydrix was 0.00% per year.

Hydrix Gross Margin % Historical Data

The historical data trend for Hydrix'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.

Hydrix Gross Margin % Chart

Hydrix Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Gross Margin %

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99.47

99.92

99.84

99.81

Hydrix Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial															99.98	99.72	99.97	99.59	100.09

Competitive Comparison of Hydrix's Gross Margin %

For the Scientific & Technical Instruments subindustry, Hydrix'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.

Hydrix's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hydrix's Gross Margin % distribution charts can be found below:

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

Hydrix Gross Margin % Calculation

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

Hydrix's Gross Margin for the fiscal year that ended in Jun. 2024 is calculated as

Gross Margin % (A: Jun. 2024 )	=	Gross Profit (A: Jun. 2024 )	/	Revenue (A: Jun. 2024 )
	=	10.6	/	10.607
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.607 - 0.02)	/	10.607
	=	99.81 %

Hydrix's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	4.7	/	4.704
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4.704 - -0.0040000000000004)	/	4.704
	=	100.09 %

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.

Hydrix (ASX:HYD) 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

Hydrix had a gross margin of 100.09% for the quarter that ended in Jun. 2024 => 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.

Hydrix Gross Margin % Related Terms

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Hydrix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hydrix Ltd (ASX:HYD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

STJ:Germany

Address

30-32 Compark Circuit, Mulgrave, Melbourne, VIC, AUS, 3170

Website

https://www.hydrix.com

Hydrix Ltd engages in the provision of design and development services to customers in the medical, consumer, and industrial sector. It offers a range of sensing products such as Chemring - Portable EM Blocking Device, Universal Biosensors - Coagulation Analyser, Micro X a Mobile X-Ray machine, and others. It offers a range of services including software and electronics; mechanical design; industrial, user experience and human factors engineering; and regulatory, clinical, reimbursement, and quality systems. The firm operates in three segments namely Hydrix Services, Hydrix Ventures and Hydrix Medical. Geographically, it operates within Australia, Singapore, New Zealand, Europe and USA.