Abacus Life (Abacus Life) Gross Margin % : 92.98% (As of Dec. 2023)

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What is Abacus Life Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Abacus Life's Gross Profit for the three months ended in Dec. 2023 was $22.03 Mil. Abacus Life's Revenue for the three months ended in Dec. 2023 was $23.70 Mil. Therefore, Abacus Life's Gross Margin % for the quarter that ended in Dec. 2023 was 92.98%.

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

ABL' s Gross Margin % Range Over the Past 10 Years
Min: 37.12 Med: 86.84 Max: 90.23
Current: 82.89

During the past 4 years, the highest Gross Margin % of Abacus Life was 90.23%. The lowest was 37.12%. And the median was 86.84%.

ABL's Gross Margin % is ranked better than
92.59% of 54 companies
in the Insurance industry
Industry Median: 42.98 vs ABL: 82.89

Abacus Life had a gross margin of 92.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Abacus Life was 0.00% per year.

Abacus Life Gross Margin % Historical Data

The historical data trend for Abacus Life'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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Abacus Life Gross Margin % Chart

Abacus Life Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

37.12

86.84

90.23

Abacus Life Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial						86.31	-	28.86	84.07	92.98

Competitive Comparison of Abacus Life's Gross Margin %

For the Insurance - Life subindustry, Abacus Life'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.

Abacus Life's Gross Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Abacus Life's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Abacus Life's Gross Margin % falls into.

Abacus Life Gross Margin % Calculation

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

Abacus Life'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 )
	=	59.9	/	66.401
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(66.401 - 6.49)	/	66.401
	=	90.23 %

Abacus Life'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 )
	=	22	/	23.696
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(23.696 - 1.663)	/	23.696
	=	92.98 %

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.

Abacus Life (NAS:ABL) 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

Abacus Life had a gross margin of 92.98% 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.

Abacus Life Gross Margin % Related Terms

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Abacus Life (Abacus Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abacus Life Inc (NAS:ABL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2101 Park Center Drive, Suite 170, Orlando, FL, USA, 32835

Website

https://www.abacuslife.com

Abacus Life Inc is a vertically integrated alternative asset manager specializing in investing in life insurance products throughout the lifecycle of a life insurance policy.

Executives

Adam Samuel Gusky	officer: Chief Investment Officer	RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
Sean Mcnealy	director, 10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mary Beth Schulte	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Van Katwijk Cornelis Michiel	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Jay J Jackson	director, officer: Chief Executive Officer	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mccauley William Hugh Jr	officer: Chief Financial Officer	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Asset Management, Llc	10 percent owner	777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487
Corbett Thomas Wingett Jr	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Kevin Scott Kirby	10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Matthew Ganovsky	10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Karla Radka	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Sponsor, Llc	10 percent owner	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Terrence M. Pegula	10 percent owner	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Alberta Investment Management Corp	10 percent owner	1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116