Silynxcom (Silynxcom) Gross Margin % : 43.51% (As of Dec. 2023)

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What is Silynxcom Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Silynxcom's Gross Profit for the six months ended in Dec. 2023 was $1.97 Mil. Silynxcom's Revenue for the six months ended in Dec. 2023 was $4.54 Mil. Therefore, Silynxcom's Gross Margin % for the quarter that ended in Dec. 2023 was 43.51%.

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

SYNX' s Gross Margin % Range Over the Past 10 Years
Min: 33.42 Med: 33.43 Max: 41.52
Current: 41.52

During the past 3 years, the highest Gross Margin % of Silynxcom was 41.52%. The lowest was 33.42%. And the median was 33.43%.

SYNX's Gross Margin % is ranked better than
79.34% of 2439 companies
in the Hardware industry
Industry Median: 24.45 vs SYNX: 41.52

Silynxcom had a gross margin of 43.51% for the quarter that ended in Dec. 2023 => Durable competitive advantage

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

Silynxcom Gross Margin % Historical Data

The historical data trend for Silynxcom'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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Silynxcom Gross Margin % Chart

Silynxcom Annual Data

Trend

Dec21

Dec22

Dec23

Gross Margin %

33.42

33.43

41.52

Silynxcom Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	-	33.43	33.42	38.60	43.51

Competitive Comparison of Silynxcom's Gross Margin %

For the Communication Equipment subindustry, Silynxcom'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.

Silynxcom's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Silynxcom's Gross Margin % distribution charts can be found below:

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

Silynxcom Gross Margin % Calculation

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

Silynxcom'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 )
	=	3.2	/	7.633
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7.633 - 4.464)	/	7.633
	=	41.52 %

Silynxcom's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2	/	4.537
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4.537 - 2.563)	/	4.537
	=	43.51 %

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.

Silynxcom (AMEX:SYNX) 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

Silynxcom had a gross margin of 43.51% for the quarter that ended in Dec. 2023 => 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.

Silynxcom Gross Margin % Related Terms

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Silynxcom (Silynxcom) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silynxcom Ltd (AMEX:SYNX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Yad Ha’Harutzim Street, Netanya, ISR, 4250519

Website

https://www.silynxcom.com

Silynxcom Ltd is engaged in developing, manufacturing, marketing and selling ruggedized Personal Headset Devices as well as other communications accessories, all of which have been battlefield-tested and combat-proven. It specializes in developing the In-Ear Headset device, a subsegment of the Personal Headset Device market. The In-Ear Headset device is used in both in training and operations by the military, law enforcement, and disaster recovery industry professionals. It also develops, market and sell push-to-talk devices, communication controllers, and communication device cables and connectors.

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