Quality Online Education Group (Quality Online Education Group) Gross Margin % : 58.22% (As of May. 2023)

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What is Quality Online Education Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Quality Online Education Group's Gross Profit for the three months ended in May. 2023 was $0.75 Mil. Quality Online Education Group's Revenue for the three months ended in May. 2023 was $1.29 Mil. Therefore, Quality Online Education Group's Gross Margin % for the quarter that ended in May. 2023 was 58.22%.

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

QOEG' s Gross Margin % Range Over the Past 10 Years
Min: -800 Med: 53.47 Max: 59.18
Current: 59.18

During the past 10 years, the highest Gross Margin % of Quality Online Education Group was 59.18%. The lowest was -800.00%. And the median was 53.47%.

QOEG's Gross Margin % is not ranked
in the Education industry.
Industry Median: 47.9 vs QOEG: 59.18

Quality Online Education Group had a gross margin of 58.22% for the quarter that ended in May. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Quality Online Education Group was 0.00% per year.

Quality Online Education Group Gross Margin % Historical Data

The historical data trend for Quality Online Education 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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Quality Online Education Group Gross Margin % Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Gross Margin %

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55.41

51.52

9.34

57.27

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Gross Margin %	Get a 7-Day Free Trial															56.67	61.76	68.65	51.05	58.22

Competitive Comparison of Quality Online Education Group's Gross Margin %

For the Education & Training Services subindustry, Quality Online Education 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.

Quality Online Education Group's Gross Margin % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Quality Online Education Group's Gross Margin % falls into.

Quality Online Education Group Gross Margin % Calculation

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

Quality Online Education Group's Gross Margin for the fiscal year that ended in Aug. 2022 is calculated as

Gross Margin % (A: Aug. 2022 )	=	Gross Profit (A: Aug. 2022 )	/	Revenue (A: Aug. 2022 )
	=	1	/	1.678
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.678 - 0.717)	/	1.678
	=	57.27 %

Quality Online Education Group's Gross Margin for the quarter that ended in May. 2023 is calculated as

Gross Margin % (Q: May. 2023 )	=	Gross Profit (Q: May. 2023 )	/	Revenue (Q: May. 2023 )
	=	0.8	/	1.29
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.29 - 0.539)	/	1.29
	=	58.22 %

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.

Quality Online Education Group (OTCPK:QOEG) 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

Quality Online Education Group had a gross margin of 58.22% for the quarter that ended in May. 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.

Quality Online Education Group Gross Margin % Related Terms

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Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR