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FOXX (Foxx Development Holdings) Gross Margin % : 12.53% (As of Dec. 2024)


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What is Foxx Development Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Foxx Development Holdings's Gross Profit for the three months ended in Dec. 2024 was $2.19 Mil. Foxx Development Holdings's Revenue for the three months ended in Dec. 2024 was $17.48 Mil. Therefore, Foxx Development Holdings's Gross Margin % for the quarter that ended in Dec. 2024 was 12.53%.


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

FOXX' s Gross Margin % Range Over the Past 10 Years
Min: 3.53   Med: 3.59   Max: 6.06
Current: 6.06

During the past 3 years, the highest Gross Margin % of Foxx Development Holdings was 6.06%. The lowest was 3.53%. And the median was 3.59%.

FOXX's Gross Margin % is ranked worse than
91.46% of 2413 companies
in the Hardware industry
Industry Median: 24.66 vs FOXX: 6.06

Foxx Development Holdings had a gross margin of 12.53% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage

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

Foxx Development Holdings Gross Margin % Historical Data

The historical data trend for Foxx Development Holdings'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.

Foxx Development Holdings Gross Margin % Chart

Foxx Development Holdings Annual Data
Trend Jun22 Jun23 Jun24
Gross Margin %
3.53 5.13 3.59

Foxx Development Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.00 -7.78 2.98 1.72 12.53

Competitive Comparison of Foxx Development Holdings's Gross Margin %

For the Consumer Electronics subindustry, Foxx Development Holdings'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.

Foxx Development Holdings's Gross Margin % Distribution in the Hardware Industry

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

* The bar in red indicates where Foxx Development Holdings's Gross Margin % falls into.


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Foxx Development Holdings Gross Margin % Calculation

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

Foxx Development Holdings'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 )
=0.1 / 3.229
=(Revenue - Cost of Goods Sold) / Revenue
=(3.229 - 3.113) / 3.229
=3.59 %

Foxx Development Holdings's Gross Margin for the quarter that ended in Dec. 2024 is calculated as


Gross Margin % (Q: Dec. 2024 )=Gross Profit (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=2.2 / 17.48
=(Revenue - Cost of Goods Sold) / Revenue
=(17.48 - 15.289) / 17.48
=12.53 %

* 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.

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.

Foxx Development Holdings  (NAS:FOXX) 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

Foxx Development Holdings had a gross margin of 12.53% for the quarter that ended in Dec. 2024 => No sustainable 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.

Foxx Development Holdings Gross Margin % Related Terms

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Foxx Development Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foxx Development Holdings Inc (NAS:FOXX) » Definitions » Gross Margin %
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Traded in Other Exchanges
N/A
Address
13575 Barranca Parkway C106, Irvine, CA, USA, 92618
Website
https://www.foxxusa.com
Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients. With robust research and development capabilities and a strategic commitment to cultivating long-term partnerships with mobile network operators, distributors, and suppliers. Its products include tablets, smartphones, wearables, and other high-quality communication terminals.