GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Carl Zeiss Meditec AG (OTCPK:CZMWY) » Definitions » Gross Margin %

Carl Zeiss Meditec AG (Carl Zeiss Meditec AG) Gross Margin % : 53.16% (As of Dec. 2023)


View and export this data going back to 2007. Start your Free Trial

What is Carl Zeiss Meditec AG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Carl Zeiss Meditec AG's Gross Profit for the three months ended in Dec. 2023 was $275 Mil. Carl Zeiss Meditec AG's Revenue for the three months ended in Dec. 2023 was $518 Mil. Therefore, Carl Zeiss Meditec AG's Gross Margin % for the quarter that ended in Dec. 2023 was 53.16%.


The historical rank and industry rank for Carl Zeiss Meditec AG's Gross Margin % or its related term are showing as below:

CZMWY' s Gross Margin % Range Over the Past 10 Years
Min: 51.89   Med: 55.65   Max: 59.26
Current: 57.35


During the past 13 years, the highest Gross Margin % of Carl Zeiss Meditec AG was 59.26%. The lowest was 51.89%. And the median was 55.65%.

CZMWY's Gross Margin % is ranked better than
57.16% of 796 companies
in the Medical Devices & Instruments industry
Industry Median: 53.575 vs CZMWY: 57.35

Carl Zeiss Meditec AG had a gross margin of 53.16% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Carl Zeiss Meditec AG was 1.10% per year.


Carl Zeiss Meditec AG Gross Margin % Historical Data

The historical data trend for Carl Zeiss Meditec AG'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.

Carl Zeiss Meditec AG Gross Margin % Chart

Carl Zeiss Meditec AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.00 55.83 58.73 59.26 57.71

Carl Zeiss Meditec AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % 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 54.73 57.95 59.05 58.70 53.16

Competitive Comparison of Carl Zeiss Meditec AG's Gross Margin %

For the Medical Instruments & Supplies subindustry, Carl Zeiss Meditec AG'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.


Carl Zeiss Meditec AG's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Carl Zeiss Meditec AG's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Carl Zeiss Meditec AG's Gross Margin % falls into.



Carl Zeiss Meditec AG Gross Margin % Calculation

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

Carl Zeiss Meditec AG's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )=Gross Profit (A: Sep. 2023 ) / Revenue (A: Sep. 2023 )
=1286.8 / 2229.776
=(Revenue - Cost of Goods Sold) / Revenue
=(2229.776 - 942.94) / 2229.776
=57.71 %

Carl Zeiss Meditec AG's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=275.4 / 517.993
=(Revenue - Cost of Goods Sold) / Revenue
=(517.993 - 242.639) / 517.993
=53.16 %

* 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.


Carl Zeiss Meditec AG  (OTCPK:CZMWY) 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

Carl Zeiss Meditec AG had a gross margin of 53.16% for the quarter that ended in Dec. 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.


Carl Zeiss Meditec AG Gross Margin % Related Terms

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


Carl Zeiss Meditec AG (Carl Zeiss Meditec AG) Business Description

Address
Goschwitzer Strasse 51-52, Jena, TH, DEU, 07745
Carl Zeiss Meditec is one of the largest medical technology companies in the world and it operates in two segments: Ophthalmic devices and Microsurgery. OPT, which made up 75% of sales in 2022, includes refractive lasers, surgical ophthalmic devices, equipment for ophthalmic diagnostics, as well as a portfolio of intraocular lenses and disposable medical instruments. With a low-teens share of the market, Zeiss is the second-largest player in the space. MCS is composed of implants, surgical instruments, and visualization devices used during neurosurgery, spine surgery, and otolaryngology surgery. With over 60% market share, Zeiss is the clear leader in the microsurgery space.