Gross Margin % is calculated as gross profit divided by its revenue. ENDI's Gross Profit for the
three
months ended in Dec. 2023 was $2.74 Mil. ENDI's Revenue for the
three
months ended in Dec. 2023 was $2.79 Mil. Therefore, ENDI's Gross Margin % for the quarter that ended in Dec. 2023 was 98.28%.
The historical rank and industry rank for ENDI's Gross Margin % or its related term are showing as below:
ENDI'
s Gross Margin % Range Over the Past 10 Years
Min: 97.72 Med: 98.18 Max: 98.64
Current: 97.73
During the past 3 years, the highestGross Margin % of ENDI was 98.64%. The lowest was 97.72%. And the median was 98.18%.
ENDI's Gross Margin % is ranked better than 90.41% of 532
companies
in the Asset Management industry
Industry Median: 51.905
vs ENDI: 97.73
ENDI had a gross margin of 98.28% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for ENDI was 0.00% per year.
ENDI Gross Margin % Historical Data
The historical data trend for ENDI'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.
For the Asset Management subindustry, ENDI'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.
ENDI's Gross Margin % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, ENDI's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ENDI's Gross Margin % falls into.
* 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.
ENDI (OTCPK:ENDI) 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
ENDI had a gross margin of 98.28% 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.
ENDI Gross Margin % Related Terms
Thank you for viewing the detailed overview of ENDI's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
ENDI Corp is primarily focused on financial products and services and owns the following companies: CrossingBridge Advisors--an asset management firm managing mutual funds and an ETF, focused on investment grade, high yield, opportunistic corporate credit; Willow Oak Asset Management--provides outsourced operational, business development and marketing support to boutique asset management firms; eBuild Ventures--seeks to invest in growing, but undermanaged consumer-focused companies and data aggregation services; and Sitestar.net--offers consumer and business-grade internet access and web hosting services in the US and Canada.
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