Synoptics Technologies (NSE:SYNOPTICS) Gross Margin % : 55.88% (As of Mar. 2022)

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What is Synoptics Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Synoptics Technologies's Gross Profit for the six months ended in Mar. 2022 was ₹284.6 Mil. Synoptics Technologies's Revenue for the six months ended in Mar. 2022 was ₹509.2 Mil. Therefore, Synoptics Technologies's Gross Margin % for the quarter that ended in Mar. 2022 was 55.88%.

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

NSE:SYNOPTICS's Gross Margin % is not ranked ^*
in the Software industry.
Industry Median: 41.72
* Ranked among companies with meaningful Gross Margin % only.

Synoptics Technologies had a gross margin of 55.88% for the quarter that ended in Mar. 2022 => Durable competitive advantage

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

Synoptics Technologies Gross Margin % Historical Data

The historical data trend for Synoptics Technologies'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.

Synoptics Technologies Gross Margin % Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Gross Margin %

64.53

49.00

55.88

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22
Gross Margin %	64.53	49.00	55.88

Competitive Comparison of Synoptics Technologies's Gross Margin %

For the Information Technology Services subindustry, Synoptics Technologies'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.

Synoptics Technologies's Gross Margin % Distribution in the Software Industry

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

* The bar in red indicates where Synoptics Technologies's Gross Margin % falls into.

Synoptics Technologies Gross Margin % Calculation

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

Synoptics Technologies's Gross Margin for the fiscal year that ended in Mar. 2022 is calculated as

Gross Margin % (A: Mar. 2022 )	=	Gross Profit (A: Mar. 2022 )	/	Revenue (A: Mar. 2022 )
	=	284.6	/	509.232
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(509.232 - 224.668)	/	509.232
	=	55.88 %

Synoptics Technologies's Gross Margin for the quarter that ended in Mar. 2022 is calculated as

Gross Margin % (Q: Mar. 2022 )	=	Gross Profit (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	284.6	/	509.232
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(509.232 - 224.668)	/	509.232
	=	55.88 %

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.

Synoptics Technologies (NSE:SYNOPTICS) 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

Synoptics Technologies had a gross margin of 55.88% for the quarter that ended in Mar. 2022 => 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.

Synoptics Technologies Gross Margin % Related Terms

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Synoptics Technologies (NSE:SYNOPTICS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synoptics Technologies Ltd (NSE:SYNOPTICS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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