Naseej for Technology Co (SAU:9538) Gross Margin % : 33.22% (As of Dec. 2023)

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What is Naseej for Technology Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Naseej for Technology Co's Gross Profit for the six months ended in Dec. 2023 was ﷼41.3 Mil. Naseej for Technology Co's Revenue for the six months ended in Dec. 2023 was ﷼124.4 Mil. Therefore, Naseej for Technology Co's Gross Margin % for the quarter that ended in Dec. 2023 was 33.22%.

The historical rank and industry rank for Naseej for Technology Co's Gross Margin % or its related term are showing as below:

SAU:9538' s Gross Margin % Range Over the Past 10 Years
Min: 30.13 Med: 30.18 Max: 31.29
Current: 30.14

During the past 3 years, the highest Gross Margin % of Naseej for Technology Co was 31.29%. The lowest was 30.13%. And the median was 30.18%.

SAU:9538's Gross Margin % is ranked worse than
64.82% of 2638 companies
in the Software industry
Industry Median: 41.845 vs SAU:9538: 30.14

Naseej for Technology Co had a gross margin of 33.22% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Naseej for Technology Co was 0.00% per year.

Naseej for Technology Co Gross Margin % Historical Data

The historical data trend for Naseej for Technology Co'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.

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Naseej for Technology Co Gross Margin % Chart

Naseej for Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Gross Margin %

31.29

30.18

30.13

Naseej for Technology Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			30.35	30.75	29.73	25.91	33.22

Competitive Comparison of Naseej for Technology Co's Gross Margin %

For the Information Technology Services subindustry, Naseej for Technology Co'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.

Naseej for Technology Co's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Naseej for Technology Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Naseej for Technology Co's Gross Margin % falls into.

Naseej for Technology Co Gross Margin % Calculation

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

Naseej for Technology Co'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 )
	=	64.9	/	215.225
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(215.225 - 150.367)	/	215.225
	=	30.13 %

Naseej for Technology Co'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 )
	=	41.3	/	124.356
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(124.356 - 83.04)	/	124.356
	=	33.22 %

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.

Naseej for Technology Co (SAU:9538) 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

Naseej for Technology Co had a gross margin of 33.22% for the quarter that ended in Dec. 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.

Naseej for Technology Co Gross Margin % Related Terms

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Naseej for Technology Co (SAU:9538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Naseej for Technology Co (SAU:9538) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ahsa Road,, P.O Box : 20129, Building Number 7593, Ground floor, Riyadh, SAU, 11455

Website

https://www.naseej.com

Naseej for Technology Co offers comprehensive digital transformation solutions for academic and educational institutions, knowledge and cultural centers, government organizations, and large corporations. The company's reportable segments are KAM solutions, Education solutions and E-solutions.

Naseej for Technology Co (SAU:9538) Headlines

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