SKHHY (Sonic Healthcare) Gross Margin % : 83.44% (As of Jun. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Sonic Healthcare Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sonic Healthcare's Gross Profit for the six months ended in Jun. 2024 was $2,564 Mil. Sonic Healthcare's Revenue for the six months ended in Jun. 2024 was $3,073 Mil. Therefore, Sonic Healthcare's Gross Margin % for the quarter that ended in Jun. 2024 was 83.44%.

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

SKHHY' s Gross Margin % Range Over the Past 10 Years
Min: 81.53 Med: 83.61 Max: 84.29
Current: 83.75

During the past 13 years, the highest Gross Margin % of Sonic Healthcare was 84.29%. The lowest was 81.53%. And the median was 83.61%.

SKHHY's Gross Margin % is ranked better than
88.67% of 203 companies
in the Medical Diagnostics & Research industry
Industry Median: 47.88 vs SKHHY: 83.75

Sonic Healthcare had a gross margin of 83.44% for the quarter that ended in Jun. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sonic Healthcare was 0.10% per year.

Sonic Healthcare Gross Margin % Historical Data

The historical data trend for Sonic Healthcare'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.

Sonic Healthcare Gross Margin % Chart

Sonic Healthcare Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Gross Margin %

Get a 7-Day Free Trial

83.53

81.53

82.79

84.29

83.75

Sonic Healthcare Semi-Annual Data
	Dec14	Jun15	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															82.61	84.75	83.82	84.09	83.44

Competitive Comparison of Sonic Healthcare's Gross Margin %

For the Diagnostics & Research subindustry, Sonic Healthcare'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.

Sonic Healthcare's Gross Margin % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Sonic Healthcare's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sonic Healthcare's Gross Margin % falls into.

Sonic Healthcare Gross Margin % Calculation

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

Sonic Healthcare'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 )
	=	4968.5	/	5932.402
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5932.402 - 963.888)	/	5932.402
	=	83.75 %

Sonic Healthcare'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 )
	=	2564.5	/	3073.408
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3073.408 - 508.917)	/	3073.408
	=	83.44 %

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.

Sonic Healthcare (OTCPK:SKHHY) 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

Sonic Healthcare had a gross margin of 83.44% 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.

Sonic Healthcare Gross Margin % Related Terms

Thank you for viewing the detailed overview of Sonic Healthcare's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sonic Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Sonic Healthcare Ltd (OTCPK:SKHHY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SKHCF:USA SAB:Germany SHL:Australia

Address

225 George Street, Level 22, Grosvenor Place, Sydney, NSW, AUS, 2000

Website

https://www.sonichealthcare.com

Sonic Healthcare is a global pathology provider. It is the largest private operator in Australia, Germany, Switzerland and the UK, the second-largest in Belgium and New Zealand, and the third largest in the US. In addition to pathology, which contributes roughly 85% of group revenue, Sonic is the second-largest player in diagnostic imaging in Australia and the largest operator of medical centers in Australia. The company typically earns about 40% of group revenue in Australia and New Zealand, 25% in the US, and 35% in Europe.