Tissue Repair (ASX:TRP) Gross Margin % : 105.32% (As of Jun. 2024)

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What is Tissue Repair Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tissue Repair's Gross Profit for the six months ended in Jun. 2024 was A$0.10 Mil. Tissue Repair's Revenue for the six months ended in Jun. 2024 was A$0.09 Mil. Therefore, Tissue Repair's Gross Margin % for the quarter that ended in Jun. 2024 was 105.32%.

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

ASX:TRP' s Gross Margin % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 99.35
Current: 99.35

During the past 4 years, the highest Gross Margin % of Tissue Repair was 99.35%. The lowest was 0.00%. And the median was 0.00%.

ASX:TRP's Gross Margin % is ranked better than
97.86% of 746 companies
in the Biotechnology industry
Industry Median: 60.565 vs ASX:TRP: 99.35

Tissue Repair had a gross margin of 105.32% for the quarter that ended in Jun. 2024 => Durable competitive advantage

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

Tissue Repair Gross Margin % Historical Data

The historical data trend for Tissue Repair'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.

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Tissue Repair Gross Margin % Chart

Tissue Repair Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Gross Margin %

Tissue Repair Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial			-	-	-	89.83	105.32

Competitive Comparison of Tissue Repair's Gross Margin %

For the Biotechnology subindustry, Tissue Repair'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.

Tissue Repair's Gross Margin % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Tissue Repair's Gross Margin % distribution charts can be found below:

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

Tissue Repair Gross Margin % Calculation

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

Tissue Repair'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 )
	=	0.2	/	0.152
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.152 - 0)	/	0.152
	=	N/A %

Tissue Repair'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 )
	=	0.1	/	0.094
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.094 - -0.005)	/	0.094
	=	105.32 %

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.

Tissue Repair (ASX:TRP) 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

Tissue Repair had a gross margin of 105.32% 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.

Tissue Repair Gross Margin % Related Terms

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Tissue Repair Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Tissue Repair Ltd (ASX:TRP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

255 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.tissuerepair.com.au

Tissue Repair Ltd is a clinical-stage biopharmaceutical company engaged in development of wound healing products for chronic wounds and the aftercare of cosmetic procedures, with the potential for further development of related technologies.