New Momentum (New Momentum) Gross Margin % : 4.17% (As of Dec. 2023)

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What is New Momentum Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. New Momentum's Gross Profit for the three months ended in Dec. 2023 was $-0.00 Mil. New Momentum's Revenue for the three months ended in Dec. 2023 was $-0.02 Mil. Therefore, New Momentum's Gross Margin % for the quarter that ended in Dec. 2023 was 4.17%.

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

NNAX' s Gross Margin % Range Over the Past 10 Years
Min: 0.39 Med: 1.15 Max: 1.68
Current: 1.66

During the past 5 years, the highest Gross Margin % of New Momentum was 1.68%. The lowest was 0.39%. And the median was 1.15%.

NNAX's Gross Margin % is ranked worse than
98.05% of 771 companies
in the Travel & Leisure industry
Industry Median: 43.19 vs NNAX: 1.66

New Momentum had a gross margin of 4.17% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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

New Momentum Gross Margin % Historical Data

The historical data trend for New Momentum'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.

New Momentum Gross Margin % Chart

New Momentum Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

1.68

0.39

0.65

1.65

New Momentum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial														1.38	-	-	16.00	4.17

Competitive Comparison of New Momentum's Gross Margin %

For the Travel Services subindustry, New Momentum'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.

New Momentum's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, New Momentum's Gross Margin % distribution charts can be found below:

* The bar in red indicates where New Momentum's Gross Margin % falls into.

New Momentum Gross Margin % Calculation

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

New Momentum'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 )
	=	0	/	0.182
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.182 - 0.179)	/	0.182
	=	1.65 %

New Momentum'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 )
	=	-0	/	-0.024
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(-0.024 - -0.023)	/	-0.024
	=	4.17 %

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.

New Momentum (OTCPK:NNAX) 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

New Momentum had a gross margin of 4.17% for the quarter that ended in Dec. 2023 => No sustainable 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.

New Momentum Gross Margin % Related Terms

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New Momentum (New Momentum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » New Momentum Corp (OTCPK:NNAX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Cecil Street, No.08-01, Singapore, SGP, 069543

Website

https://www.gagfare.com

New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company records its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.

Executives

Leung Tin Lung David	director, 10 percent owner, officer: President, Sec. and Treasurer	112 NORTH CURRY STREET, CARSON CITY NV 89703
Kin Hon Chu	director, 10 percent owner	UNIT 19, 35/F., TOWER 1, MILLENNIUM CITY 1, NO. 388 KWUN TONG ROA, KWUN TONG, KOWLOON K3 00000
Michael Vardakis	director	234 7TH AVE, SALT LAKE CITY UT 84103
Amee Han Lombardi	director, 10 percent owner, officer: Pres; Sec; Treasurer	5925 STARCREST AVENUE, RENO NV 89523

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