Arch Therapeutics's gross profit for the
three
months ended in Jun. 2024 was $0.01 Mil. Arch Therapeutics's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $0.06 Mil.
Arch Therapeutics had a gross margin of 32.26% for the quarter that ended in Jun. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Arch Therapeutics was 38.93%. The lowest was -225.00%. And the median was -125.00%.
Arch Therapeutics Gross Profit Historical Data
The historical data trend for Arch Therapeutics's Gross Profit 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.
Competitive Comparison of Arch Therapeutics's Gross Profit
For the Biotechnology subindustry, Arch Therapeutics's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Arch Therapeutics's Gross Profit Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Arch Therapeutics's Gross Profit distribution charts can be found below:
* The bar in red indicates where Arch Therapeutics's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.06 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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.
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
Arch Therapeutics had a gross margin of 32.26% for the quarter that ended in Jun. 2024 => Competition eroding margins
Arch Therapeutics Gross Profit Related Terms
Thank you for viewing the detailed overview of Arch Therapeutics's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Arch Therapeutics Inc is a development-stage biotechnology company. It focuses on developing products that manage surgery and interventional care faster and safer by using a novel approach to stop bleeding, control leaking, and provide other advantages during surgery and trauma care. The company's primary product candidate, collectively known as the AC5 Devices (AC5), is designed to achieve hemostasis in surgical procedures. The company operates its business operations in the United States.
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