Brisbane Broncos (ASX:BBL) Gross Margin % : 96.05% (As of Dec. 2023)

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What is Brisbane Broncos Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Brisbane Broncos's Gross Profit for the six months ended in Dec. 2023 was A$29.58 Mil. Brisbane Broncos's Revenue for the six months ended in Dec. 2023 was A$30.80 Mil. Therefore, Brisbane Broncos's Gross Margin % for the quarter that ended in Dec. 2023 was 96.05%.

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

ASX:BBL' s Gross Margin % Range Over the Past 10 Years
Min: 95.69 Med: 96.63 Max: 97.46
Current: 95.69

During the past 13 years, the highest Gross Margin % of Brisbane Broncos was 97.46%. The lowest was 95.69%. And the median was 96.63%.

ASX:BBL's Gross Margin % is ranked better than
95.71% of 955 companies
in the Media - Diversified industry
Industry Median: 38.36 vs ASX:BBL: 95.69

Brisbane Broncos had a gross margin of 96.05% for the quarter that ended in Dec. 2023 => Durable competitive advantage

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

Brisbane Broncos Gross Margin % Historical Data

The historical data trend for Brisbane Broncos'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.

Brisbane Broncos Gross Margin % Chart

Brisbane Broncos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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96.99

96.44

97.31

97.46

95.69

Brisbane Broncos Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															96.98	97.31	97.62	95.20	96.05

Competitive Comparison of Brisbane Broncos's Gross Margin %

For the Entertainment subindustry, Brisbane Broncos'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.

Brisbane Broncos's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Brisbane Broncos's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Brisbane Broncos's Gross Margin % falls into.

Brisbane Broncos Gross Margin % Calculation

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

Brisbane Broncos'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 )
	=	51.7	/	54.069
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(54.069 - 2.331)	/	54.069
	=	95.69 %

Brisbane Broncos'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 )
	=	29.6	/	30.8
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(30.8 - 1.216)	/	30.8
	=	96.05 %

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.

Brisbane Broncos (ASX:BBL) 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

Brisbane Broncos had a gross margin of 96.05% 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.

Brisbane Broncos Gross Margin % Related Terms

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Brisbane Broncos (ASX:BBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Brisbane Broncos Ltd (ASX:BBL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

81 Fulcher Road, Clive Berghofer Centre, Red Hill, Brisbane, QLD, AUS, 4059

Website

https://www.broncos.com.au

Brisbane Broncos Ltd operates in the sport and entertainment businesses, gaming monitoring, and ancillary services businesses. The principal activities of the company are the management and operation of the Brisbane Broncos Rugby League Football teams, a National Rugby League competition participant. It generates revenue from sponsorship sales, merchandise sales and royalties, membership, and others. Geographically, the Group operates in Australia only.