Bitdeer Technologies Group (Bitdeer Technologies Group) Gross Margin % : 23.55% (As of Dec. 2023)

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What is Bitdeer Technologies Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bitdeer Technologies Group's Gross Profit for the three months ended in Dec. 2023 was $27.0 Mil. Bitdeer Technologies Group's Revenue for the three months ended in Dec. 2023 was $114.8 Mil. Therefore, Bitdeer Technologies Group's Gross Margin % for the quarter that ended in Dec. 2023 was 23.55%.

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

BTDR' s Gross Margin % Range Over the Past 10 Years
Min: -12.43 Med: 21.11 Max: 61.17
Current: 21.11

During the past 5 years, the highest Gross Margin % of Bitdeer Technologies Group was 61.17%. The lowest was -12.43%. And the median was 21.11%.

BTDR's Gross Margin % is ranked worse than
80.16% of 2631 companies
in the Software industry
Industry Median: 41.72 vs BTDR: 21.11

Bitdeer Technologies Group had a gross margin of 23.55% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Bitdeer Technologies Group was 0.00% per year.

Bitdeer Technologies Group Gross Margin % Historical Data

The historical data trend for Bitdeer Technologies Group'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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Bitdeer Technologies Group Gross Margin % Chart

Bitdeer Technologies Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

-11.34

-12.43

61.17

24.97

21.11

Bitdeer Technologies Group Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial							13.89	18.59	17.22	24.19	23.55

Competitive Comparison of Bitdeer Technologies Group's Gross Margin %

For the Software - Application subindustry, Bitdeer Technologies Group'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.

Bitdeer Technologies Group's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Bitdeer Technologies Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bitdeer Technologies Group's Gross Margin % falls into.

Bitdeer Technologies Group Gross Margin % Calculation

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

Bitdeer Technologies Group'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 )
	=	77.8	/	368.554
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(368.554 - 290.745)	/	368.554
	=	21.11 %

Bitdeer Technologies Group'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 )
	=	27	/	114.848
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(114.848 - 87.804)	/	114.848
	=	23.55 %

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.

Bitdeer Technologies Group (NAS:BTDR) 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

Bitdeer Technologies Group had a gross margin of 23.55% for the quarter that ended in Dec. 2023 => 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.

Bitdeer Technologies Group Gross Margin % Related Terms

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Bitdeer Technologies Group (Bitdeer Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitdeer Technologies Group (NAS:BTDR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

08 Kallang Avenue, Aperia tower 1, No. 09-03/04, Singapore, SGP, 339509

Website

https://www.bitdeer.com

Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its major business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.