ApartmentLove (XCNQ:APLV) Gross Margin % : 74.59% (As of Sep. 2023)

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What is ApartmentLove Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ApartmentLove's Gross Profit for the three months ended in Sep. 2023 was C$0.09 Mil. ApartmentLove's Revenue for the three months ended in Sep. 2023 was C$0.12 Mil. Therefore, ApartmentLove's Gross Margin % for the quarter that ended in Sep. 2023 was 74.59%.

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

XCNQ:APLV' s Gross Margin % Range Over the Past 10 Years
Min: 66.67 Med: 83.33 Max: 89.43
Current: 80.06

During the past 3 years, the highest Gross Margin % of ApartmentLove was 89.43%. The lowest was 66.67%. And the median was 83.33%.

XCNQ:APLV's Gross Margin % is ranked better than
69.04% of 520 companies
in the Interactive Media industry
Industry Median: 60.72 vs XCNQ:APLV: 80.06

ApartmentLove had a gross margin of 74.59% for the quarter that ended in Sep. 2023 => Durable competitive advantage

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

ApartmentLove Gross Margin % Historical Data

The historical data trend for ApartmentLove'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.

ApartmentLove Gross Margin % Chart

ApartmentLove Annual Data

Trend

Dec20

Dec21

Dec22

Gross Margin %

66.67

83.33

89.43

ApartmentLove Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial									99.45	67.95	86.06	80.57	74.59

Competitive Comparison of ApartmentLove's Gross Margin %

For the Internet Content & Information subindustry, ApartmentLove'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.

ApartmentLove's Gross Margin % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, ApartmentLove's Gross Margin % distribution charts can be found below:

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

ApartmentLove Gross Margin % Calculation

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

ApartmentLove's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	0.2	/	0.265
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.265 - 0.028)	/	0.265
	=	89.43 %

ApartmentLove's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.1	/	0.122
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.122 - 0.031)	/	0.122
	=	74.59 %

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.

ApartmentLove (XCNQ:APLV) 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

ApartmentLove had a gross margin of 74.59% for the quarter that ended in Sep. 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.

ApartmentLove Gross Margin % Related Terms

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ApartmentLove (XCNQ:APLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ApartmentLove Inc (XCNQ:APLV) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

421 7th Avenue S.W., Suite 1600, Calgary, AB, CAN, T2P 4K9

Website

https://www.apartmentlove.com

ApartmentLove Inc operates an online listing platform intended to serve people from coast to coast and around the world. The company provides online home, apartment, and vacation rental marketing services to property managers, owners, renters, and vacationers in countries around the world, promoting homes, apartments, and vacation properties on its network of websites, and providing its customers with housing solutions.

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