The historical rank and industry rank for Ispire Technology's Gross Margin % or its related term are showing as below:
ISPR'
s Gross Margin % Range Over the Past 10 Years
Min: 15.1 Med: 16.43 Max: 18.23
Current: 17.79
During the past 3 years, the highestGross Margin % of Ispire Technology was 18.23%. The lowest was 15.10%. And the median was 16.43%.
ISPR's Gross Margin % is ranked worse than 70.59% of 51
companies
in the Tobacco Products industry
Industry Median: 32.78
vs ISPR: 17.79
Ispire Technology had a gross margin of 20.40% for the quarter that ended in Mar. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Ispire Technology was 0.00% per year.
Ispire Technology Gross Margin % Historical Data
The historical data trend for Ispire Technology'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.
Competitive Comparison of Ispire Technology's Gross Margin %
For the Tobacco subindustry, Ispire Technology'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.
Ispire Technology's Gross Margin % Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Ispire Technology's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ispire Technology'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.
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
Ispire Technology had a gross margin of 20.40% for the quarter that ended in Mar. 2024 => 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.
Ispire Technology Gross Margin % Related Terms
Thank you for viewing the detailed overview of Ispire Technology's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ispire Technology (Ispire Technology) Business Description
Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products.
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