Mag Mile Capital (Mag Mile Capital) Gross Margin % : -14.02% (As of Dec. 2023)

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What is Mag Mile Capital Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Mag Mile Capital's Gross Profit for the three months ended in Dec. 2023 was $-0.06 Mil. Mag Mile Capital's Revenue for the three months ended in Dec. 2023 was $0.43 Mil. Therefore, Mag Mile Capital's Gross Margin % for the quarter that ended in Dec. 2023 was -14.02%.

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

MMCP' s Gross Margin % Range Over the Past 10 Years
Min: 22.82 Med: 22.82 Max: 24.73
Current: 24.73

During the past 3 years, the highest Gross Margin % of Mag Mile Capital was 24.73%. The lowest was 22.82%. And the median was 22.82%.

MMCP's Gross Margin % is not ranked
in the Banks industry.
Industry Median: 37.61 vs MMCP: 24.73

Mag Mile Capital had a gross margin of -14.02% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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

Mag Mile Capital Gross Margin % Historical Data

The historical data trend for Mag Mile Capital'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.

Mag Mile Capital Gross Margin % Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Gross Margin %

22.82

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23
Gross Margin %	Get a 7-Day Free Trial					-	-	46.29	-	-14.02

Competitive Comparison of Mag Mile Capital's Gross Margin %

For the Mortgage Finance subindustry, Mag Mile Capital'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.

Mag Mile Capital's Gross Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mag Mile Capital's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Mag Mile Capital's Gross Margin % falls into.

Mag Mile Capital Gross Margin % Calculation

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

Mag Mile Capital's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	0.4	/	1.919
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.919 - 1.481)	/	1.919
	=	22.82 %

Mag Mile Capital's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.1	/	0.428
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.428 - 0.488)	/	0.428
	=	-14.02 %

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.

Mag Mile Capital (OTCPK:MMCP) 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

Mag Mile Capital had a gross margin of -14.02% for the quarter that ended in Dec. 2023 => No sustainable 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.

Mag Mile Capital Gross Margin % Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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