Gross Margin % is calculated as gross profit divided by its revenue. Madison Square Garden Entertainment's Gross Profit for the
three
months ended in Dec. 2023 was $199.9 Mil. Madison Square Garden Entertainment's Revenue for the
three
months ended in Dec. 2023 was $402.7 Mil. Therefore, Madison Square Garden Entertainment's Gross Margin % for the quarter that ended in Dec. 2023 was 49.65%.
The historical rank and industry rank for Madison Square Garden Entertainment's Gross Margin % or its related term are showing as below:
MSGE'
s Gross Margin % Range Over the Past 10 Years
Min: -17.63 Med: 35.53 Max: 41.6
Current: 41.6
During the past 4 years, the highestGross Margin % of Madison Square Garden Entertainment was 41.60%. The lowest was -17.63%. And the median was 35.53%.
MSGE's Gross Margin % is ranked worse than 53% of 766
companies
in the Travel & Leisure industry
Industry Median: 43.205
vs MSGE: 41.60
Madison Square Garden Entertainment had a gross margin of 49.65% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Madison Square Garden Entertainment was 0.00% per year.
Madison Square Garden Entertainment Gross Margin % Historical Data
The historical data trend for Madison Square Garden 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.
Madison Square Garden Entertainment Annual Data
Trend
Jun20
Jun21
Jun22
Jun23
Gross Margin %
34.91
-17.63
36.14
41.29
Madison Square Garden Entertainment Quarterly Data
Jun20
Jun21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Gross Margin %
49.25
42.79
30.69
28.50
49.65
Competitive Comparison
For the Leisure subindustry, Madison Square Garden 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.
Madison Square Garden Entertainment Gross Margin % Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Madison Square Garden Entertainment's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Madison Square Garden Entertainment's Gross Margin % falls into.
Madison Square Garden Entertainment Gross Margin % Calculation
* 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.
Madison Square Garden Entertainment (NYSE:MSGE) 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
Madison Square Garden Entertainment had a gross margin of 49.65% 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.
Madison Square Garden Entertainment Gross Margin % Related Terms
Thank you for viewing the detailed overview of Madison Square Garden Entertainment's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Madison Square Garden Entertainment (Madison Square Garden Entertainment) Business Description
Madison Square Garden Entertainment Corp provides live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The company's portfolio includes a collection of world-renowned venues - New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 89 years.
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