MCRXF (Micro-X) Gross Margin % : 65.55% (As of Jun. 2024)

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What is Micro-X Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Micro-X's Gross Profit for the six months ended in Jun. 2024 was $3.06 Mil. Micro-X's Revenue for the six months ended in Jun. 2024 was $4.67 Mil. Therefore, Micro-X's Gross Margin % for the quarter that ended in Jun. 2024 was 65.55%.

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

MCRXF' s Gross Margin % Range Over the Past 10 Years
Min: -3.71 Med: 55.74 Max: 76.64
Current: 62.05

During the past 9 years, the highest Gross Margin % of Micro-X was 76.64%. The lowest was -3.71%. And the median was 55.74%.

MCRXF's Gross Margin % is ranked better than
65.14% of 806 companies
in the Medical Devices & Instruments industry
Industry Median: 51.89 vs MCRXF: 62.05

Micro-X had a gross margin of 65.55% for the quarter that ended in Jun. 2024 => Durable competitive advantage

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

Micro-X Gross Margin % Historical Data

The historical data trend for Micro-X'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.

Micro-X Gross Margin % Chart

Micro-X Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Gross Margin %

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16.46

-3.71

55.74

76.64

62.05

Micro-X Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial													67.47	83.35	68.90	59.06	65.55

Competitive Comparison of Micro-X's Gross Margin %

For the Medical Devices subindustry, Micro-X'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.

Micro-X's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micro-X's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Micro-X's Gross Margin % falls into.

Micro-X Gross Margin % Calculation

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

Micro-X'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 )
	=	6.3	/	10.108
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.108 - 3.836)	/	10.108
	=	62.05 %

Micro-X'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 )
	=	3.1	/	4.665
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4.665 - 1.607)	/	4.665
	=	65.55 %

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.

Micro-X (OTCPK:MCRXF) 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

Micro-X had a gross margin of 65.55% for the quarter that ended in Jun. 2024 => 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.

Micro-X Gross Margin % Related Terms

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Micro-X Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro-X Ltd (OTCPK:MCRXF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

MX1:Australia

Address

A14, 6 MAB Eastern Promenade, Tonsley, Clovelly Park, Adelaide, SA, AUS, 5042

Website

https://www.micro-x.com

Micro-X Ltd operates in the medical industry. The company is engaged in the design, development, manufacturing, and sale of ultra-lightweight carbon nanotube-based X-ray products, including core X-ray tubes and high-voltage generator components, for the healthcare, defense, and security markets. Its products include Nano; Rover and Mobile Backscatter Imager (MBI), Mobile Baggage Scanner (MBS), and others. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia-Pacific, and Europe & EMEA.