GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Asensus Surgical Inc (FRA:2TX) » Definitions » Gross Profit

Asensus Surgical (FRA:2TX) Gross Profit : €-2.80 Mil (TTM As of Jun. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Asensus Surgical Gross Profit?

Asensus Surgical's gross profit for the three months ended in Jun. 2024 was €-0.42 Mil. Asensus Surgical's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was €-2.80 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Asensus Surgical's gross profit for the three months ended in Jun. 2024 was €-0.42 Mil. Asensus Surgical's Revenue for the three months ended in Jun. 2024 was €2.05 Mil. Therefore, Asensus Surgical's Gross Margin % for the quarter that ended in Jun. 2024 was -20.49%.

Asensus Surgical had a gross margin of -20.49% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Asensus Surgical was 32.91%. The lowest was -173.07%. And the median was -53.38%.


Asensus Surgical Gross Profit Historical Data

The historical data trend for Asensus Surgical'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.

* Premium members only.

Asensus Surgical Gross Profit Chart

Asensus Surgical Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.98 -1.64 -2.54 -3.57 -4.20

Asensus Surgical Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.84 -1.67 1.07 -1.78 -0.42

Competitive Comparison of Asensus Surgical's Gross Profit

For the Medical Devices subindustry, Asensus Surgical'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.


Asensus Surgical's Gross Profit Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Asensus Surgical's Gross Profit distribution charts can be found below:

* The bar in red indicates where Asensus Surgical's Gross Profit falls into.



Asensus Surgical Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Asensus Surgical's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=7.865 - 12.063
=-4.20

Asensus Surgical's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=2.05 - 2.47
=-0.42

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 €-2.80 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Asensus Surgical'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 )
=(Revenue - Cost of Goods Sold) / Revenue
=-0.42 / 2.05
=-20.49 %

* 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.


Asensus Surgical  (FRA:2TX) Gross Profit 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

Asensus Surgical had a gross margin of -20.49% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage


Asensus Surgical Gross Profit Related Terms

Thank you for viewing the detailed overview of Asensus Surgical's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Asensus Surgical Business Description

Traded in Other Exchanges
N/A
Address
1 TW Alexander Drive, Suite 160, Durham, NC, USA, 27703
Asensus Surgical Inc is a medical device company that digitizes the interface between the surgeon and the patient to improve minimally invasive surgery through digital laparoscopy. It enables the use of capabilities such as augmented intelligence, connectivity, and robotics in laparoscopy and seeks to address the current clinical, cognitive, and economic shortcomings in surgery. The Senhance Surgical System is the first machine vision system for use in robotic surgery, which is powered by the new Intelligent Surgical Unit that enables augmented intelligence in surgery and brings the benefits of digital laparoscopy to patients around the world. The company's single segment includes the research, development, and sale of medical device robotics to improve minimally invasive surgery.

Asensus Surgical Headlines

No Headlines