Gross Margin % is calculated as gross profit divided by its revenue. Nogin's Gross Profit for the
three
months ended in Sep. 2023 was $3.47 Mil. Nogin's Revenue for the
three
months ended in Sep. 2023 was $10.90 Mil. Therefore, Nogin's Gross Margin % for the quarter that ended in Sep. 2023 was 31.85%.
The historical rank and industry rank for Nogin's Gross Margin % or its related term are showing as below:
NOGNQ'
s Gross Margin % Range Over the Past 10 Years
Min: 41.29 Med: 58.23 Max: 67.78
Current: 46.17
During the past 4 years, the highestGross Margin % of Nogin was 67.78%. The lowest was 41.29%. And the median was 58.23%.
NOGNQ's Gross Margin % is ranked better than 54.57% of 2639
companies
in the Software industry
Industry Median: 41.94
vs NOGNQ: 46.17
Nogin had a gross margin of 31.85% for the quarter that ended in Sep. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Nogin was 0.00% per year.
Nogin Gross Margin % Historical Data
The historical data trend for Nogin'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.
For the Software - Application subindustry, Nogin'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.
Nogin's Gross Margin % Distribution in the Software Industry
For the Software industry and Technology sector, Nogin's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nogin'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.
Nogin (OTCPK:NOGNQ) 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
Nogin had a gross margin of 31.85% for the quarter that ended in Sep. 2023 => Competition eroding margins
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.
Nogin Gross Margin % Related Terms
Thank you for viewing the detailed overview of Nogin's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nogin Inc is a software company that delivers commerce as a service to brands in the fashion, CPG, beauty, health, and wellness industries. The company's Intelligent Commerce platform provides a full suite of capabilities including storefront, order management, catalog maintenance, fulfillment, returns management, customer data analytics, and marketing optimization tailored for online brands and all consolidated within a single software solution. its clients utilize Nogin's technology to help accelerate the growth of their gross merchandise value, improve their customer engagement, and reduce costs. The company derives its revenue from CaaS service revenue, product revenue, shipping revenue, Marketing, and other revenue.
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