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SRM Entertainment (SRM Entertainment) Gross Margin % : 28.57% (As of Dec. 2023)


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What is SRM Entertainment Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SRM Entertainment's Gross Profit for the three months ended in Dec. 2023 was $0.34 Mil. SRM Entertainment's Revenue for the three months ended in Dec. 2023 was $1.20 Mil. Therefore, SRM Entertainment's Gross Margin % for the quarter that ended in Dec. 2023 was 28.57%.


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

SRM' s Gross Margin % Range Over the Past 10 Years
Min: 20.26   Med: 21.56   Max: 23.66
Current: 23.66

During the past 2 years, the highest Gross Margin % of SRM Entertainment was 23.66%. The lowest was 20.26%. And the median was 21.56%.

SRM's Gross Margin % is ranked worse than
79.97% of 769 companies
in the Travel & Leisure industry
Industry Median: 43.23 vs SRM: 23.66

SRM Entertainment had a gross margin of 28.57% for the quarter that ended in Dec. 2023 => Competition eroding margins

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

SRM Entertainment Gross Margin % Historical Data

The historical data trend for SRM Entertainment'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.

SRM Entertainment Gross Margin % Chart

SRM Entertainment Annual Data
Trend Dec22 Dec23
Gross Margin %
20.26 22.86

SRM Entertainment Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial 25.91 21.71 - 20.30 28.57

Competitive Comparison of SRM Entertainment's Gross Margin %

For the Leisure subindustry, SRM Entertainment'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.

SRM Entertainment's Gross Margin % Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where SRM Entertainment's Gross Margin % falls into.


SRM Entertainment Gross Margin % Calculation

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

SRM Entertainment'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 )
=1.3 / 5.761
=(Revenue - Cost of Goods Sold) / Revenue
=(5.761 - 4.444) / 5.761
=22.86 %

SRM Entertainment'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 )
=0.3 / 1.204
=(Revenue - Cost of Goods Sold) / Revenue
=(1.204 - 0.86) / 1.204
=28.57 %

* 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.

SRM Entertainment  (NAS:SRM) 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

SRM Entertainment had a gross margin of 28.57% 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.

SRM Entertainment Gross Margin % Related Terms

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SRM Entertainment (SRM Entertainment) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SRM Entertainment Inc (NAS:SRM) » Definitions » Gross Margin %
Comparable Companies
DSHK PRKA SPGC DOGZ FGH KENS NLS BWMG BTDG CNXA TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW
Traded in Other Exchanges
N/A
Address
1061 E Indiantown Road, Suite 110, Jupiter, FL, USA, 33477
Website
https://www.srmentertainment.com
SRM Entertainment Inc is a trusted toy and souvenir designer and developer, selling into the world's largest theme parks and entertainment venues. SRM has developed, manufactured, and supplied the entertainment and amusement park industry with exclusive products that are often only available to consumers inside SRM's worldwide customer bases venues such as Walt Disney Parks and Resorts, Universal Studios, SeaWorld, Six Flags, Great Wolf Lodge, Dollywood, and Merlin Entertainment.
Executives
Hans Haywood director 1061 E. INDIANTOWN ROAD, SUITE 110, JUPITER FL 33477
Brian John director, officer: Secretary 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Gary L Herman director 720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
Douglas O Mckinnon officer: Chief Financial Officer 2104 RIDGE PLAZA DR, CASTLE ROCK CO 80108
Christopher Melton director C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Richard A Miller director, officer: Chief Executive Officer 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Jupiter Wellness, Inc. 10 percent owner 1061 E. INDIANTOWN RD., STE. 110, JUPITER FL 33477
Taft Bryan Flittner officer: President 1129 WILKINSON STREET, ORLANDO FL 32803
Deborah Lynn Mcdaniel-hand officer: VP of Production Development 1425 WAKULLA WAY, ORLANDO FL 32839