ROX Hi-Tech (NSE:ROXHITECH) Gross Margin % : 20.19% (As of Mar. 2023)

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What is ROX Hi-Tech Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ROX Hi-Tech's Gross Profit for the six months ended in Mar. 2023 was ₹269 Mil. ROX Hi-Tech's Revenue for the six months ended in Mar. 2023 was ₹1,333 Mil. Therefore, ROX Hi-Tech's Gross Margin % for the quarter that ended in Mar. 2023 was 20.19%.

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

NSE:ROXHITECH' s Gross Margin % Range Over the Past 10 Years
Min: 6.45 Med: 8.35 Max: 20.19
Current: 20.19

During the past 3 years, the highest Gross Margin % of ROX Hi-Tech was 20.19%. The lowest was 6.45%. And the median was 8.35%.

NSE:ROXHITECH's Gross Margin % is ranked worse than
81.68% of 2631 companies
in the Software industry
Industry Median: 41.74 vs NSE:ROXHITECH: 20.19

ROX Hi-Tech had a gross margin of 20.19% for the quarter that ended in Mar. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ROX Hi-Tech was 0.00% per year.

ROX Hi-Tech Gross Margin % Historical Data

The historical data trend for ROX Hi-Tech'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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ROX Hi-Tech Gross Margin % Chart

ROX Hi-Tech Annual Data

Trend

Mar21

Mar22

Mar23

Gross Margin %

6.45

8.35

20.19

ROX Hi-Tech Semi-Annual Data
	Mar21	Mar22	Mar23
Gross Margin %	6.45	8.35	20.19

Competitive Comparison of ROX Hi-Tech's Gross Margin %

For the Information Technology Services subindustry, ROX Hi-Tech'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.

ROX Hi-Tech's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, ROX Hi-Tech's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ROX Hi-Tech's Gross Margin % falls into.

ROX Hi-Tech Gross Margin % Calculation

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

ROX Hi-Tech's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	269.2	/	1333.279
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1333.279 - 1064.103)	/	1333.279
	=	20.19 %

ROX Hi-Tech's Gross Margin for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	269.2	/	1333.279
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1333.279 - 1064.103)	/	1333.279
	=	20.19 %

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.

ROX Hi-Tech (NSE:ROXHITECH) 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

ROX Hi-Tech had a gross margin of 20.19% for the quarter that ended in Mar. 2023 => 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.

ROX Hi-Tech Gross Margin % Related Terms

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ROX Hi-Tech (NSE:ROXHITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ROX Hi-Tech Ltd (NSE:ROXHITECH) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.rox.co.in

ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

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