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Resqunit AB (OSTO:RESQ) Gross Profit : kr0.13 Mil (TTM As of Jun. 2023)


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What is Resqunit AB Gross Profit?

Resqunit AB's gross profit for the six months ended in Jun. 2023 was kr0.16 Mil. Resqunit AB's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was kr0.13 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Resqunit AB's gross profit for the six months ended in Jun. 2023 was kr0.16 Mil. Resqunit AB's Revenue for the six months ended in Jun. 2023 was kr0.59 Mil. Therefore, Resqunit AB's Gross Margin % for the quarter that ended in Jun. 2023 was 27.38%.

Resqunit AB had a gross margin of 27.38% for the quarter that ended in Jun. 2023 => Competition eroding margins

During the past 2 years, the highest Gross Margin % of Resqunit AB was 15.05%. The lowest was -17.94%. And the median was -17.94%.


Resqunit AB Gross Profit Historical Data

The historical data trend for Resqunit AB'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.

Resqunit AB Gross Profit Chart

Resqunit AB Annual Data
Trend Dec21 Dec22
Gross Profit
- -0.06

Resqunit AB Semi-Annual Data
Jun21 Jun22 Dec22 Jun23
Gross Profit -0.08 -0.03 -0.03 0.16

Competitive Comparison of Resqunit AB's Gross Profit

For the Pollution & Treatment Controls subindustry, Resqunit AB'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.


Resqunit AB's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Resqunit AB's Gross Profit distribution charts can be found below:

* The bar in red indicates where Resqunit AB's Gross Profit falls into.



Resqunit AB Gross Profit Calculation

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

Resqunit AB's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )=Revenue - Cost of Goods Sold
=0.34 - 0.401
=-0.06

Resqunit AB's Gross Profit for the quarter that ended in Jun. 2023 is calculated as

Gross Profit (Q: Jun. 2023 )=Revenue - Cost of Goods Sold
=0.588 - 0.427
=0.16

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr0.13 Mil.

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

Resqunit AB's Gross Margin % for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )=Gross Profit (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.16 / 0.588
=27.38 %

* 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.


Resqunit AB  (OSTO:RESQ) 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

Resqunit AB had a gross margin of 27.38% for the quarter that ended in Jun. 2023 => Competition eroding margins


Resqunit AB Gross Profit Related Terms

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Resqunit AB (OSTO:RESQ) Business Description

Traded in Other Exchanges
N/A
Address
Grenseveien 21, Sandnes, NOR, 4313
Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

Resqunit AB (OSTO:RESQ) Headlines

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