RocketDNA (ASX:RKT) Gross Margin % : 52.19% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is RocketDNA Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. RocketDNA's Gross Profit for the six months ended in Dec. 2023 was A$1.67 Mil. RocketDNA's Revenue for the six months ended in Dec. 2023 was A$3.19 Mil. Therefore, RocketDNA's Gross Margin % for the quarter that ended in Dec. 2023 was 52.19%.

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

ASX:RKT' s Gross Margin % Range Over the Past 10 Years
Min: 17.46 Med: 49.9 Max: 66.13
Current: 50.92

During the past 7 years, the highest Gross Margin % of RocketDNA was 66.13%. The lowest was 17.46%. And the median was 49.90%.

ASX:RKT's Gross Margin % is ranked better than
88.93% of 2439 companies
in the Hardware industry
Industry Median: 24.34 vs ASX:RKT: 50.92

RocketDNA had a gross margin of 52.19% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for RocketDNA was 14.90% per year.

RocketDNA Gross Margin % Historical Data

The historical data trend for RocketDNA'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.

RocketDNA Gross Margin % Chart

RocketDNA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

17.46

66.13

53.01

48.88

50.92

RocketDNA Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial							51.75	49.07	48.70	49.54	52.19

Competitive Comparison of RocketDNA's Gross Margin %

For the Computer Hardware subindustry, RocketDNA'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.

RocketDNA's Gross Margin % Distribution in the Hardware Industry

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

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

RocketDNA Gross Margin % Calculation

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

RocketDNA's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	3.1	/	6.137
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.137 - 3.012)	/	6.137
	=	50.92 %

RocketDNA'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 )
	=	1.7	/	3.19
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3.19 - 1.525)	/	3.19
	=	52.19 %

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.

RocketDNA (ASX:RKT) 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

RocketDNA had a gross margin of 52.19% for the quarter that ended in Dec. 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.

RocketDNA Gross Margin % Related Terms

Thank you for viewing the detailed overview of RocketDNA's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

RocketDNA (ASX:RKT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Thomas Street, Subiaco, WA, AUS, 6008

Website

https://www.rocketdna.com

RocketDNA Ltd is engaged in the business of civilian drones for professional use. It provides aerial surveying and mapping, security and surveillance, and blast monitoring and fragment analysis through a fully-outsourced service and fast data turnaround that allows enterprise customers to focus on the mining, agricultural, and engineering industries. Its geographical segments include Australia, South Africa, and Israel, of which South Africa generates the majority of the revenue.