Phoslock Environmental Technologies (ASX:PET) Gross Margin % : 52.99% (As of Jun. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Phoslock Environmental Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Phoslock Environmental Technologies's Gross Profit for the six months ended in Jun. 2023 was A$0.53 Mil. Phoslock Environmental Technologies's Revenue for the six months ended in Jun. 2023 was A$1.00 Mil. Therefore, Phoslock Environmental Technologies's Gross Margin % for the quarter that ended in Jun. 2023 was 52.99%.

Warning Sign:

Phoslock Environmental Technologies Ltd gross margin has been in long-term decline. The average rate of decline per year is -6.9%.

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

ASX:PET' s Gross Margin % Range Over the Past 10 Years
Min: 18.51 Med: 41.14 Max: 59.65
Current: 18.51

During the past 13 years, the highest Gross Margin % of Phoslock Environmental Technologies was 59.65%. The lowest was 18.51%. And the median was 41.14%.

ASX:PET's Gross Margin % is not ranked
in the Industrial Products industry.
Industry Median: 26.46 vs ASX:PET: 18.51

Phoslock Environmental Technologies had a gross margin of 52.99% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Phoslock Environmental Technologies was -6.90% per year.

Phoslock Environmental Technologies Gross Margin % Historical Data

The historical data trend for Phoslock Environmental Technologies'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.

* Premium members only.

Phoslock Environmental Technologies Gross Margin % Chart

Phoslock Environmental Technologies Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

Get a 7-Day Free Trial

50.42

54.66

59.65

43.13

23.03

Phoslock Environmental Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial															56.11	39.67	56.84	-1.08	52.99

Competitive Comparison of Phoslock Environmental Technologies's Gross Margin %

For the Pollution & Treatment Controls subindustry, Phoslock Environmental Technologies'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.

Phoslock Environmental Technologies's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Phoslock Environmental Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Phoslock Environmental Technologies's Gross Margin % falls into.

Phoslock Environmental Technologies Gross Margin % Calculation

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

Phoslock Environmental Technologies's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	0.7	/	3.022
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3.022 - 2.326)	/	3.022
	=	23.03 %

Phoslock Environmental Technologies'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 )
	=	0.5	/	1.002
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.002 - 0.471)	/	1.002
	=	52.99 %

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.

Phoslock Environmental Technologies (ASX:PET) 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

Phoslock Environmental Technologies had a gross margin of 52.99% for the quarter that ended in Jun. 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.

Phoslock Environmental Technologies Gross Margin % Related Terms

Thank you for viewing the detailed overview of Phoslock Environmental Technologies's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Phoslock Environmental Technologies (ASX:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phoslock Environmental Technologies Ltd (ASX:PET) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 Chapel Street, Unit D, Level 2, Como Centre, South Yarra, VIC, AUS, 3141

Website

https://www.phoslock.com.au

Phoslock Environmental Technologies Ltd provides water technologies and engineering solutions to manage nutrients and other water pollutants. The company has several products to manage unhealthy water bodies and promote healthy aquatic environments. Its business includes the sale of Phoslock granules and application services and lake restoration consulting services. The geographical segments of the group are Australia/New Zealand, Europe/UK, US/Canada/Brazil and China.