Quality and Reliability (ATH:QUAL) Gross Margin % : 36.40% (As of Dec. 2023)

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What is Quality and Reliability Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Quality and Reliability's Gross Profit for the six months ended in Dec. 2023 was €2.60 Mil. Quality and Reliability's Revenue for the six months ended in Dec. 2023 was €7.14 Mil. Therefore, Quality and Reliability's Gross Margin % for the quarter that ended in Dec. 2023 was 36.40%.

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

ATH:QUAL' s Gross Margin % Range Over the Past 10 Years
Min: 7.24 Med: 29.24 Max: 48.08
Current: 35.25

During the past 13 years, the highest Gross Margin % of Quality and Reliability was 48.08%. The lowest was 7.24%. And the median was 29.24%.

ATH:QUAL's Gross Margin % is ranked worse than
58.58% of 2629 companies
in the Software industry
Industry Median: 41.73 vs ATH:QUAL: 35.25

Quality and Reliability had a gross margin of 36.40% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Quality and Reliability was 1.30% per year.

Quality and Reliability Gross Margin % Historical Data

The historical data trend for Quality and Reliability'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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Quality and Reliability Gross Margin % Chart

Quality and Reliability Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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26.67

27.56

27.36

30.92

35.25

Quality and Reliability Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															29.69	40.94	21.83	32.71	36.40

Competitive Comparison of Quality and Reliability's Gross Margin %

For the Software - Application subindustry, Quality and Reliability'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.

Quality and Reliability's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Quality and Reliability's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Quality and Reliability's Gross Margin % falls into.

Quality and Reliability Gross Margin % Calculation

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

Quality and Reliability'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 )
	=	3.6	/	10.346
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.346 - 6.699)	/	10.346
	=	35.25 %

Quality and Reliability'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 )
	=	2.6	/	7.138
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7.138 - 4.54)	/	7.138
	=	36.40 %

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.

Quality and Reliability (ATH:QUAL) 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

Quality and Reliability had a gross margin of 36.40% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

Quality and Reliability Gross Margin % Related Terms

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Quality and Reliability (ATH:QUAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quality and Reliability SA (ATH:QUAL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11B Konitsis Street, Marousi, GRC, 15125

Website

http://www.qnr.com.gr

Quality and Reliability SA is engaged in software development and in the provision of integration services for information systems. The company delivers complex Integrated Information Systems for large and mid-size enterprises in the public and private sectors, cutting-edge technology solutions for Financial Institutions, Enterprise web Portals, white label e-Bookstore platforms & label e-commerce solutions, cross-platform Mobile Applications and multi-platform eBook interactive educational authoring tools.