mm2 Asia (SGX:1B0) Gross Margin % : 30.51% (As of Sep. 2023)

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What is mm2 Asia Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. mm2 Asia's Gross Profit for the six months ended in Sep. 2023 was S$39.3 Mil. mm2 Asia's Revenue for the six months ended in Sep. 2023 was S$128.7 Mil. Therefore, mm2 Asia's Gross Margin % for the quarter that ended in Sep. 2023 was 30.51%.

Warning Sign:

mm2 Asia Ltd gross margin has been in long-term decline. The average rate of decline per year is -24.9%.

The historical rank and industry rank for mm2 Asia's Gross Margin % or its related term are showing as below:

SGX:1B0' s Gross Margin % Range Over the Past 10 Years
Min: 7.92 Med: 38.69 Max: 47.96
Current: 25.69

During the past 10 years, the highest Gross Margin % of mm2 Asia was 47.96%. The lowest was 7.92%. And the median was 38.69%.

SGX:1B0's Gross Margin % is ranked worse than
70.61% of 963 companies
in the Media - Diversified industry
Industry Median: 38.48 vs SGX:1B0: 25.69

mm2 Asia had a gross margin of 30.51% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for mm2 Asia was -24.90% per year.

mm2 Asia Gross Margin % Historical Data

The historical data trend for mm2 Asia'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.

mm2 Asia Gross Margin % Chart

mm2 Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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46.66

37.91

7.92

10.49

20.61

mm2 Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															20.25	-1.64	24.50	18.13	30.51

Competitive Comparison of mm2 Asia's Gross Margin %

For the Entertainment subindustry, mm2 Asia'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.

mm2 Asia's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, mm2 Asia's Gross Margin % distribution charts can be found below:

* The bar in red indicates where mm2 Asia's Gross Margin % falls into.

mm2 Asia Gross Margin % Calculation

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

mm2 Asia's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	27.7	/	134.285
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(134.285 - 106.611)	/	134.285
	=	20.61 %

mm2 Asia'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 )
	=	39.3	/	128.734
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(128.734 - 89.457)	/	128.734
	=	30.51 %

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.

mm2 Asia (SGX:1B0) 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

mm2 Asia had a gross margin of 30.51% 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.

mm2 Asia Gross Margin % Related Terms

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mm2 Asia (SGX:1B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » mm2 Asia Ltd (SGX:1B0) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1002 Jalan Bukit Merah, No. 07-11, Redhill Industrial Estate, Singapore, SGP, 159456

Website

https://www.mm2asia.com

mm2 Asia Ltd Asia Ltd's core business lies in film, TV, and online content production, distribution, and sponsorship. across the content, entertainment, cinema, event, and concert industries in Singapore, Malaysia, Hong Kong, Taiwan, China, and the United States of America. The company's reportable segments include Core business, Digital content production, Cinema operations, Concerts and events, and others. The Cinema operations segment refers to sales of cinema tickets and concessions, hall rental, and screen advertising. The Core business segment refers to the group's production and distribution of motion pictures, video and television programs, and sponsorship. It generates maximum revenue from the Core segment. Geographically, it derives a majority of its revenue from Singapore.

mm2 Asia (SGX:1B0) Headlines

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