Made Tech Group's gross profit for the
six
months ended in Nov. 2023 was £7.11 Mil. Made Tech Group's gross profit for the trailing twelve months (TTM) ended in Nov. 2023 was £14.74 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Made Tech Group's gross profit for the
six
months ended in Nov. 2023 was £7.11 Mil. Made Tech Group's Revenue for the
six
months ended in Nov. 2023 was £19.13 Mil. Therefore, Made Tech Group's Gross Margin % for the quarter that ended in Nov. 2023 was 37.14%.
Made Tech Group had a gross margin of 37.14% for the quarter that ended in Nov. 2023 => Competition eroding margins
During the past 5 years, the highestGross Margin % of Made Tech Group was 43.16%. The lowest was 28.25%. And the median was 37.60%.
Made Tech Group Gross Profit Historical Data
The historical data trend for Made Tech Group'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 Made Tech Group's Gross Profit
For the Information Technology Services subindustry, Made Tech Group'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.
Made Tech Group's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, Made Tech Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Made Tech Group's Gross Profit falls into.
Made Tech Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Made Tech Group's Gross Profit for the fiscal year that ended in May. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £14.74 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.
Made Tech Group (LSE:MTEC) 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
Made Tech Group had a gross margin of 37.14% for the quarter that ended in Nov. 2023 => Competition eroding margins
Made Tech Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Made Tech Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.
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