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Signing Day Sports (Signing Day Sports) Gross Margin % : 81.82% (As of Sep. 2023)


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What is Signing Day Sports Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Signing Day Sports's Gross Profit for the three months ended in Sep. 2023 was $0.05 Mil. Signing Day Sports's Revenue for the three months ended in Sep. 2023 was $0.06 Mil. Therefore, Signing Day Sports's Gross Margin % for the quarter that ended in Sep. 2023 was 81.82%.


The historical rank and industry rank for Signing Day Sports's Gross Margin % or its related term are showing as below:

SGN' s Gross Margin % Range Over the Past 10 Years
Min: -903.85   Med: -475.83   Max: 12.56
Current: 12.56

During the past 2 years, the highest Gross Margin % of Signing Day Sports was 12.56%. The lowest was -903.85%. And the median was -475.83%.

SGN's Gross Margin % is ranked worse than
90.42% of 2631 companies
in the Software industry
Industry Median: 41.74 vs SGN: 12.56

Signing Day Sports had a gross margin of 81.82% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Signing Day Sports was 0.00% per year.

Signing Day Sports Gross Margin % Historical Data

The historical data trend for Signing Day Sports'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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Signing Day Sports Gross Margin % Chart

Signing Day Sports Annual Data
Trend Dec21 Dec22
Gross Margin %
-47.80 -903.85

Signing Day Sports Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross Margin % Get a 7-Day Free Trial -5,300.00 -1,371.43 -63.64 91.45 81.82

Competitive Comparison of Signing Day Sports's Gross Margin %

For the Software - Application subindustry, Signing Day Sports'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.

Signing Day Sports's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Signing Day Sports's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Signing Day Sports's Gross Margin % falls into.


Signing Day Sports Gross Margin % Calculation

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

Signing Day Sports's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=-0.7 / 0.078
=(Revenue - Cost of Goods Sold) / Revenue
=(0.078 - 0.783) / 0.078
=-903.85 %

Signing Day Sports's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0 / 0.055
=(Revenue - Cost of Goods Sold) / Revenue
=(0.055 - 0.01) / 0.055
=81.82 %

* 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.

Signing Day Sports  (AMEX:SGN) 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

Signing Day Sports had a gross margin of 81.82% for the quarter that ended in Sep. 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.

Signing Day Sports Gross Margin % Related Terms

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Signing Day Sports (Signing Day Sports) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Signing Day Sports Inc (AMEX:SGN) » Definitions » Gross Margin %
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Traded in Other Exchanges
N/A
Address
8355 East Hartford Road, Suite 100, Scottsdale, AZ, USA, 85255
Website
https://signingdaysports.com
Signing Day Sports Inc is a technology company developing and operating platforms aiming to give significantly more student-athletes the opportunity to go to college and continue playing sports. Its platform Signing Day Sports is a digital ecosystem to help athletes get discovered and recruited by coaches and recruiters across the country. It currently fully supports football and baseball, and it plans to expand the Signing Day Sports platform to include additional sports.