The OLB Group's gross profit for the
three
months ended in Mar. 2024 was $-0.27 Mil. The OLB Group's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $4.44 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. The OLB Group's gross profit for the
three
months ended in Mar. 2024 was $-0.27 Mil. The OLB Group's Revenue for the
three
months ended in Mar. 2024 was $3.50 Mil. Therefore, The OLB Group's Gross Margin % for the quarter that ended in Mar. 2024 was -7.84%.
The OLB Group had a gross margin of -7.84% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of The OLB Group was 78.68%. The lowest was 6.61%. And the median was 22.37%.
Warning Sign:
The OLB Group Inc gross margin has been in long-term decline. The average rate of decline per year is -6.7%.
The OLB Group Gross Profit Historical Data
The historical data trend for The OLB Group's Gross Profit 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.
Competitive Comparison of The OLB Group's Gross Profit
For the Software - Infrastructure subindustry, The OLB Group's Gross Profit, along with its competitors' market caps and Gross Profit 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.
The OLB Group's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, The OLB Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where The OLB Group's Gross Profit falls into.
The OLB Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
The OLB Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.44 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
The OLB Group (NAS:OLB) Gross Profit 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
The OLB Group had a gross margin of -7.84% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
The OLB Group Gross Profit Related Terms
Thank you for viewing the detailed overview of The OLB Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
The OLB Group (The OLB Group) Business Description
The OLB Group Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. It is a payment facilitator and e-commerce service provider that delivers cloud-based merchant services for Web-based and brick-and-mortar organizations by providing an end-to-end digital commerce solution includes site design, hosting, transaction processing and payment gateway, order fulfillment, customer service, marketing, and sales reporting. The company generates maximum revenue from Fintech services segment.
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