WashTec AG (LTS:0GJK) Gross Margin % : 29.28% (As of Dec. 2023)

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What is WashTec AG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. WashTec AG's Gross Profit for the three months ended in Dec. 2023 was €38.9 Mil. WashTec AG's Revenue for the three months ended in Dec. 2023 was €132.8 Mil. Therefore, WashTec AG's Gross Margin % for the quarter that ended in Dec. 2023 was 29.28%.

Warning Sign:

WashTec AG gross margin has been in long-term decline. The average rate of decline per year is -15%.

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

LTS:0GJK' s Gross Margin % Range Over the Past 10 Years
Min: 26.84 Med: 56.36 Max: 60.48
Current: 27.89

During the past 13 years, the highest Gross Margin % of WashTec AG was 60.48%. The lowest was 26.84%. And the median was 56.36%.

LTS:0GJK's Gross Margin % is ranked better than
54.48% of 2937 companies
in the Industrial Products industry
Industry Median: 26.42 vs LTS:0GJK: 27.89

WashTec AG had a gross margin of 29.28% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for WashTec AG was -15.00% per year.

WashTec AG Gross Margin % Historical Data

The historical data trend for WashTec 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.

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WashTec AG Gross Margin % Chart

WashTec AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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55.50

27.51

29.44

26.84

27.89

WashTec 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															26.17	25.47	27.79	28.67	29.28

Competitive Comparison of WashTec AG's Gross Margin %

For the Specialty Industrial Machinery subindustry, WashTec 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.

WashTec AG's Gross Margin % Distribution in the Industrial Products Industry

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

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

WashTec AG Gross Margin % Calculation

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

WashTec AG's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	136.5	/	489.468
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(489.468 - 352.934)	/	489.468
	=	27.89 %

WashTec 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 )
	=	38.9	/	132.801
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(132.801 - 93.912)	/	132.801
	=	29.28 %

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.

WashTec AG (LTS:0GJK) 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

WashTec AG had a gross margin of 29.28% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

WashTec AG Gross Margin % Related Terms

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WashTec AG (LTS:0GJK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » WashTec AG (LTS:0GJK) » Definitions » Gross Margin %

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WSU:Germany

Address

Argonstrasse 7, Augsburg, DEU, 86153

Website

https://www.washtec.de

WashTec AG is a German holding company, which through its subsidiary provides industrial products. The core activity is that of developing car wash products and equipment and is performed by WashTec Cleaning Technology GmbH, which is one of its subsidiaries. The key products of WashTec are manufactured which include portal washing systems, water recovery, washing lines, and consumables such as washing chemicals, wash brushes, moreover spare parts.

WashTec AG (LTS:0GJK) Headlines

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