The historical rank and industry rank for Galaxy Gaming's Gross Margin % or its related term are showing as below:
GLXZ'
s Gross Margin % Range Over the Past 10 Years
Min: 95.46 Med: 99.14 Max: 99.6
Current: 95.46
During the past 13 years, the highestGross Margin % of Galaxy Gaming was 99.60%. The lowest was 95.46%. And the median was 99.14%.
GLXZ's Gross Margin % is ranked better than 96.62% of 769
companies
in the Travel & Leisure industry
Industry Median: 43.23
vs GLXZ: 95.46
Galaxy Gaming had a gross margin of 96.69% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Galaxy Gaming was -0.50% per year.
Galaxy Gaming Gross Margin % Historical Data
The historical data trend for Galaxy Gaming'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 Galaxy Gaming's Gross Margin %
For the Gambling subindustry, Galaxy Gaming'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.
Galaxy Gaming's Gross Margin % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Gaming's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Galaxy Gaming'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
Galaxy Gaming had a gross margin of 96.69% 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.
Galaxy Gaming Gross Margin % Related Terms
Thank you for viewing the detailed overview of Galaxy Gaming's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Galaxy Gaming (Galaxy Gaming) Business Description
Galaxy Gaming Inc develops, acquires, assembles, and markets technology and entertainment-based products and services for the gaming industry for placement on casino floors and on legal internet gaming sites. Its products and services are related to licensed casino operators' table game activities and focus on either increasing profitability, productivity, and security or expanding gaming entertainment offerings in the form of proprietary table games, electronically enhanced table game platforms, and fully automated electronic tables and other ancillary equipment. In addition, it licenses intellectual property to legal internet gaming operators. Its products are assembled at headquarters in Las Vegas, Nevada, as well as outsourced for certain sub-assemblies in the United States.
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