Utah Medical Products (Utah Medical Products) Gross Margin % : 57.55% (As of Dec. 2023)

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What is Utah Medical Products Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Utah Medical Products's Gross Profit for the three months ended in Dec. 2023 was $7.10 Mil. Utah Medical Products's Revenue for the three months ended in Dec. 2023 was $12.33 Mil. Therefore, Utah Medical Products's Gross Margin % for the quarter that ended in Dec. 2023 was 57.55%.

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

UTMD' s Gross Margin % Range Over the Past 10 Years
Min: 59.81 Med: 61.08 Max: 63.73
Current: 59.81

During the past 13 years, the highest Gross Margin % of Utah Medical Products was 63.73%. The lowest was 59.81%. And the median was 61.08%.

UTMD's Gross Margin % is ranked better than
60.05% of 796 companies
in the Medical Devices & Instruments industry
Industry Median: 53.54 vs UTMD: 59.81

Utah Medical Products had a gross margin of 57.55% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Utah Medical Products was -0.70% per year.

Utah Medical Products Gross Margin % Historical Data

The historical data trend for Utah Medical Products'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.

Utah Medical Products Gross Margin % Chart

Utah Medical Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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62.82

60.57

63.03

61.58

59.81

Utah Medical Products 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															61.35	62.64	60.15	58.85	57.55

Competitive Comparison of Utah Medical Products's Gross Margin %

For the Medical Instruments & Supplies subindustry, Utah Medical Products'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.

Utah Medical Products's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Utah Medical Products's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Utah Medical Products's Gross Margin % falls into.

Utah Medical Products Gross Margin % Calculation

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

Utah Medical Products'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 )
	=	30	/	50.224
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(50.224 - 20.186)	/	50.224
	=	59.81 %

Utah Medical Products'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 )
	=	7.1	/	12.333
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12.333 - 5.235)	/	12.333
	=	57.55 %

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.

Utah Medical Products (NAS:UTMD) 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

Utah Medical Products had a gross margin of 57.55% 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.

Utah Medical Products Gross Margin % Related Terms

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

Utah Medical Products (Utah Medical Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Utah Medical Products Inc (NAS:UTMD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

UTM:Germany

Address

7043 South 300 West, Midvale, UT, USA, 84047

Website

http://www.utahmed.com

Utah Medical Products Inc is involved in the business of developing, manufacturing, and distributing medical devices that are mainly proprietary, disposable and for hospital use. The firm produces its products for Blood pressure monitoring, Blood collection, Electrosurgery, Gynecology, Neonatal critical care, perinatology, and Urology. The company's product portfolio includes Electrosurgical pens, Tenacula, Endoscopic bulb irrigators, Blood bag spikes. Its products are used mainly in critical care areas, labor and delivery departments of hospitals as well as outpatient clinics and physicians offices.

Executives

Paul O Richins	director, officer: VP, Treasurer, Asst. Secretary	7043 SOUTH 300 WEST, MIDVALE UT 84047
Barbara A Payne	director
Ernst G Hoyer	director
Kevin L Cornwell	director, officer: Chairman, CEO, Secretary
Brian Koopman	officer: Principal Financial Officer	108 E 1700 S, BOUNTIFUL UT 84010
James H Beeson	director	7043 SOUTH 300 WEST, MIDVALE UT 84047
Greg A Leclaire	officer: Chief Financial Officer	5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116
Stephen W Bennett	director