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Otovo ASA (FRA:89K) Gross Margin % : 22.24% (As of Jun. 2024)


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What is Otovo ASA Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Otovo ASA's Gross Profit for the three months ended in Jun. 2024 was €3.28 Mil. Otovo ASA's Revenue for the three months ended in Jun. 2024 was €14.75 Mil. Therefore, Otovo ASA's Gross Margin % for the quarter that ended in Jun. 2024 was 22.24%.


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

FRA:89K' s Gross Margin % Range Over the Past 10 Years
Min: 4.96   Med: 16.84   Max: 20.91
Current: 20.91


During the past 6 years, the highest Gross Margin % of Otovo ASA was 20.91%. The lowest was 4.96%. And the median was 16.84%.

FRA:89K's Gross Margin % is ranked worse than
65.82% of 983 companies
in the Semiconductors industry
Industry Median: 28.41 vs FRA:89K: 20.91

Otovo ASA had a gross margin of 22.24% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Otovo ASA was 23.50% per year.


Otovo ASA Gross Margin % Historical Data

The historical data trend for Otovo ASA'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.

Otovo ASA Gross Margin % Chart

Otovo ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 14.37 19.62 15.74 17.94 19.88

Otovo ASA Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.60 21.02 19.28 21.33 22.24

Competitive Comparison of Otovo ASA's Gross Margin %

For the Solar subindustry, Otovo ASA'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.


Otovo ASA's Gross Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Otovo ASA's Gross Margin % distribution charts can be found below:

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



Otovo ASA Gross Margin % Calculation

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

Otovo ASA'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 )
=17.5 / 87.841
=(Revenue - Cost of Goods Sold) / Revenue
=(87.841 - 70.378) / 87.841
=19.88 %

Otovo ASA'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 )
=3.3 / 14.751
=(Revenue - Cost of Goods Sold) / Revenue
=(14.751 - 11.471) / 14.751
=22.24 %

* 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.


Otovo ASA  (FRA:89K) 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

Otovo ASA had a gross margin of 22.24% for the quarter that ended in Jun. 2024 => 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.


Otovo ASA Gross Margin % Related Terms

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


Otovo ASA Business Description

Traded in Other Exchanges
Address
Torggata 7, Oslo, NOR, 0181
Otovo ASA is an energy company. It is engaged in the development, commercialization and installation of renewable power, as well as taking ownership or providing business advice related to it. The Group's operating segments are The Marketplace, and Subscription SPV. The Marketplace segment consists of transactions relating to sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to use solar panels and related products.

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