Precheck Health Service (Precheck Health Service) Gross Margin % : 56.92% (As of Sep. 2019)

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What is Precheck Health Service Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Precheck Health Service's Gross Profit for the three months ended in Sep. 2019 was $0.04 Mil. Precheck Health Service's Revenue for the three months ended in Sep. 2019 was $0.07 Mil. Therefore, Precheck Health Service's Gross Margin % for the quarter that ended in Sep. 2019 was 56.92%.

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

HLTY's Gross Margin % is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 52.66
* Ranked among companies with meaningful Gross Margin % only.

Precheck Health Service had a gross margin of 56.92% for the quarter that ended in Sep. 2019 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Precheck Health Service was 0.00% per year.

Precheck Health Service Gross Margin % Historical Data

The historical data trend for Precheck Health Service'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.

Precheck Health Service Gross Margin % Chart

Precheck Health Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Gross Margin %

56.60

63.95

Precheck Health Service Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Gross Margin %	Get a 7-Day Free Trial													-	-	53.33	-	56.92

Competitive Comparison of Precheck Health Service's Gross Margin %

For the Medical Devices subindustry, Precheck Health Service'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.

Precheck Health Service's Gross Margin % Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Precheck Health Service's Gross Margin % falls into.

Precheck Health Service Gross Margin % Calculation

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

Precheck Health Service's Gross Margin for the fiscal year that ended in Dec. 2018 is calculated as

Gross Margin % (A: Dec. 2018 )	=	Gross Profit (A: Dec. 2018 )	/	Revenue (A: Dec. 2018 )
	=	0	/	0.07
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.07 - 0.07)	/	0.07
	=	0.00 %

Precheck Health Service's Gross Margin for the quarter that ended in Sep. 2019 is calculated as

Gross Margin % (Q: Sep. 2019 )	=	Gross Profit (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	0	/	0.065
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.065 - 0.028)	/	0.065
	=	56.92 %

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.

Precheck Health Service (GREY:HLTY) 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

Precheck Health Service had a gross margin of 56.92% for the quarter that ended in Sep. 2019 => 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.

Precheck Health Service Gross Margin % Related Terms

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