The historical rank and industry rank for Rainmed Medical's Gross Margin % or its related term are showing as below:
HKSE:02297'
s Gross Margin % Range Over the Past 10 Years
Min: 66.31 Med: 84.27 Max: 86.26
Current: 66.31
During the past 4 years, the highestGross Margin % of Rainmed Medical was 86.26%. The lowest was 66.31%. And the median was 84.27%.
HKSE:02297's Gross Margin % is ranked better than 71.82% of 795
companies
in the Medical Devices & Instruments industry
Industry Median: 52.61
vs HKSE:02297: 66.31
Rainmed Medical had a gross margin of 49.47% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Rainmed Medical was 0.00% per year.
Rainmed Medical Gross Margin % Historical Data
The historical data trend for Rainmed Medical'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.
Competitive Comparison of Rainmed Medical's Gross Margin %
For the Medical Devices subindustry, Rainmed Medical'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.
Rainmed Medical's Gross Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Rainmed Medical's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Rainmed Medical's Gross Margin % falls into.
* 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.
Rainmed Medical (HKSE:02297) 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
Rainmed Medical had a gross margin of 49.47% for the quarter that ended in Dec. 2023 => 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.
Rainmed Medical Gross Margin % Related Terms
Thank you for viewing the detailed overview of Rainmed Medical's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rainmed Medical Ltd is focused on the design, development, and commercialization of coronary angiography-derived fractional flow reserve systems and coronary angiography-derived index of microcirculatory resistance systems. The company's core products, the caFFR system and the caIMR system are innovative medical devices used to evaluate the severity of myocardial ischemia arising from coronary artery stenosis and microvascular dysfunction, which are the underlying causes of coronary artery diseases (CAD).
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