Gross Margin % is calculated as gross profit divided by its revenue. NFT's Gross Profit for the
three
months ended in Jun. 2023 was $0.42 Mil. NFT's Revenue for the
three
months ended in Jun. 2023 was $0.58 Mil. Therefore, NFT's Gross Margin % for the quarter that ended in Jun. 2023 was 73.74%.
The historical rank and industry rank for NFT's Gross Margin % or its related term are showing as below:
MI'
s Gross Margin % Range Over the Past 10 Years
Min: 41.32 Med: 83.68 Max: 94.1
Current: 76.56
During the past 13 years, the highestGross Margin % of NFT was 94.10%. The lowest was 41.32%. And the median was 83.68%.
MI's Gross Margin % is ranked better than 96.89% of 1095
companies
in the Retail - Cyclical industry
Industry Median: 36.51
vs MI: 76.56
NFT had a gross margin of 73.74% for the quarter that ended in Jun. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for NFT was 0.00% per year.
NFT Gross Margin % Historical Data
The historical data trend for NFT'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.
For the Internet Retail subindustry, NFT'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.
NFT's Gross Margin % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, NFT's Gross Margin % distribution charts can be found below:
* The bar in red indicates where NFT'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.
NFT (AMEX:MI) 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
NFT had a gross margin of 73.74% for the quarter that ended in Jun. 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.
NFT Gross Margin % Related Terms
Thank you for viewing the detailed overview of NFT's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
NFT Ltd Formerly Takung Art Co Ltd operates an online electronic platform for offering and trading artwork. Through its platform, the company allows artists/art dealers/owners to access a much bigger art trading market where artists can engage with a wide range of investors. Its platform also invests in high-end artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on its system, consisting of listing fees, trading commissions, and management fees.
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