Visioneering Technologies (ASX:VTI) Gross Margin % : 56.53% (As of Jun. 2024)

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What is Visioneering Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Visioneering Technologies's Gross Profit for the six months ended in Jun. 2024 was A$3.95 Mil. Visioneering Technologies's Revenue for the six months ended in Jun. 2024 was A$6.99 Mil. Therefore, Visioneering Technologies's Gross Margin % for the quarter that ended in Jun. 2024 was 56.53%.

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

ASX:VTI' s Gross Margin % Range Over the Past 10 Years
Min: -2.39 Med: 41.48 Max: 56.74
Current: 56.74

During the past 7 years, the highest Gross Margin % of Visioneering Technologies was 56.74%. The lowest was -2.39%. And the median was 41.48%.

ASX:VTI's Gross Margin % is ranked better than
56.11% of 802 companies
in the Medical Devices & Instruments industry
Industry Median: 53.04 vs ASX:VTI: 56.74

Visioneering Technologies had a gross margin of 56.53% for the quarter that ended in Jun. 2024 => Durable competitive advantage

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

Visioneering Technologies Gross Margin % Historical Data

The historical data trend for Visioneering Technologies'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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Visioneering Technologies Gross Margin % Chart

Visioneering Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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34.41

43.56

41.48

45.52

54.90

Visioneering Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial										43.82	47.28	53.12	56.99	56.53

Competitive Comparison of Visioneering Technologies's Gross Margin %

For the Medical Devices subindustry, Visioneering Technologies'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.

Visioneering Technologies's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Visioneering Technologies's Gross Margin % distribution charts can be found below:

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

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Visioneering Technologies Gross Margin % Calculation

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

Visioneering Technologies'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 )
	=	7.1	/	12.953
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12.953 - 5.842)	/	12.953
	=	54.90 %

Visioneering Technologies'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	/	6.988
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.988 - 3.038)	/	6.988
	=	56.53 %

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.

Visioneering Technologies (ASX:VTI) 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

Visioneering Technologies had a gross margin of 56.53% 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.

Visioneering Technologies Gross Margin % Related Terms

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Visioneering Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Visioneering Technologies Inc (ASX:VTI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Mansell Court, Suite 215, Alpharetta, GA, USA, 30076

Website

http://www.vtivision.com

Visioneering Technologies Inc is a medical device company. It designs, manufactures, sells, and distributes its NaturalVue daily disposable multifocal contact lenses for adults with Presbyopia and children with Myopia. The company offers NaturalVue MF contact lenses. Its Multifocal contact lens provides Presbyopia patients with near, intermediate, and distance vision, making it much easier for eye care professionals to fit their patients. It has two reportable segments; North America which includes its operations in the United States and Canada; and Europe/Asia Pacific which includes its operations outside North America.