LGCL (Lucas GC) Gross Margin % : 33.54% (As of Jun. 2024)

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What is Lucas GC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Lucas GC's Gross Profit for the six months ended in Jun. 2024 was $28.0 Mil. Lucas GC's Revenue for the six months ended in Jun. 2024 was $83.5 Mil. Therefore, Lucas GC's Gross Margin % for the quarter that ended in Jun. 2024 was 33.54%.

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

LGCL' s Gross Margin % Range Over the Past 10 Years
Min: 25.11 Med: 27.77 Max: 30.86
Current: 30.86

During the past 4 years, the highest Gross Margin % of Lucas GC was 30.86%. The lowest was 25.11%. And the median was 27.77%.

LGCL's Gross Margin % is ranked worse than
63.52% of 2618 companies
in the Software industry
Industry Median: 41.435 vs LGCL: 30.86

Lucas GC had a gross margin of 33.54% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Lucas GC was 0.00% per year.

Lucas GC Gross Margin % Historical Data

The historical data trend for Lucas GC'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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Lucas GC Gross Margin % Chart

Lucas GC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

25.11

27.46

28.07

28.40

Lucas GC Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial			30.65	26.39	28.37	28.42	33.54

Competitive Comparison of Lucas GC's Gross Margin %

For the Software - Application subindustry, Lucas GC'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.

Lucas GC's Gross Margin % Distribution in the Software Industry

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

* The bar in red indicates where Lucas GC's Gross Margin % falls into.

Lucas GC Gross Margin % Calculation

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

Lucas GC'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 )
	=	58.6	/	206.431
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(206.431 - 147.812)	/	206.431
	=	28.40 %

Lucas GC'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 )
	=	28	/	83.466
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(83.466 - 55.473)	/	83.466
	=	33.54 %

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.

Lucas GC (NAS:LGCL) 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

Lucas GC had a gross margin of 33.54% 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.

Lucas GC Gross Margin % Related Terms

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