Gross Margin % is calculated as gross profit divided by its revenue. Vnue's Gross Profit for the
three
months ended in Dec. 2023 was $0.05 Mil. Vnue's Revenue for the
three
months ended in Dec. 2023 was $0.10 Mil. Therefore, Vnue's Gross Margin % for the quarter that ended in Dec. 2023 was 46.53%.
The historical rank and industry rank for Vnue's Gross Margin % or its related term are showing as below:
VNUE'
s Gross Margin % Range Over the Past 10 Years
Min: -53 Med: 7.89 Max: 63.64
Current: 34.53
During the past 13 years, the highestGross Margin % of Vnue was 63.64%. The lowest was -53.00%. And the median was 7.89%.
VNUE's Gross Margin % is ranked worse than 56.64% of 964
companies
in the Media - Diversified industry
Industry Median: 38.555
vs VNUE: 34.53
Vnue had a gross margin of 46.53% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Vnue was 0.00% per year.
Vnue Gross Margin % Historical Data
The historical data trend for Vnue'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 Entertainment subindustry, Vnue'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.
Vnue's Gross Margin % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Vnue's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Vnue'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.
Vnue (OTCPK:VNUE) 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
Vnue had a gross margin of 46.53% 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.
Vnue Gross Margin % Related Terms
Thank you for viewing the detailed overview of Vnue's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vnue Incis a music technology company that utilizes its platforms to record live concerts and commercializes the content by making the content immediately available for purchase through its website and the website at Set.fm, a technology platform that enables musical artists to capture, promote and sell high-fidelity recordings instantly. Its technology provides an income source to artists and records labels from the recorded content. Additionally, it offers high-end collectible products such as CDs, USB drives, and laminates, which feature its fully mixed and mastered live concert content, through its exclusive partner DiscLive Network (the dba of RockHouse Live Media Productions, Inc).
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VNUE has been successfully added to your 