The historical rank and industry rank for BlueBet Holdings's Gross Margin % or its related term are showing as below:
ASX:BBT'
s Gross Margin % Range Over the Past 10 Years
Min: 54.91 Med: 56.83 Max: 58.52
Current: 54.91
During the past 2 years, the highestGross Margin % of BlueBet Holdings was 58.52%. The lowest was 54.91%. And the median was 56.83%.
ASX:BBT's Gross Margin % is ranked better than 65.8% of 769
companies
in the Travel & Leisure industry
Industry Median: 43.23
vs ASX:BBT: 54.91
BlueBet Holdings had a gross margin of 52.76% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BlueBet Holdings was 0.00% per year.
BlueBet Holdings Gross Margin % Historical Data
The historical data trend for BlueBet Holdings'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.
Competitive Comparison of BlueBet Holdings's Gross Margin %
For the Gambling subindustry, BlueBet Holdings'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.
BlueBet Holdings's Gross Margin % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, BlueBet Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BlueBet Holdings'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.
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
BlueBet Holdings had a gross margin of 52.76% 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.
BlueBet Holdings Gross Margin % Related Terms
Thank you for viewing the detailed overview of BlueBet Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.
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