ICEsoft Technologies Canada (XCNQ:ISFT) Gross Margin % : 76.38% (As of Dec. 2023)

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What is ICEsoft Technologies Canada Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ICEsoft Technologies Canada's Gross Profit for the three months ended in Dec. 2023 was C$0.33 Mil. ICEsoft Technologies Canada's Revenue for the three months ended in Dec. 2023 was C$0.44 Mil. Therefore, ICEsoft Technologies Canada's Gross Margin % for the quarter that ended in Dec. 2023 was 76.38%.

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

XCNQ:ISFT' s Gross Margin % Range Over the Past 10 Years
Min: 67.38 Med: 72.7 Max: 80.89
Current: 71.05

During the past 6 years, the highest Gross Margin % of ICEsoft Technologies Canada was 80.89%. The lowest was 67.38%. And the median was 72.70%.

XCNQ:ISFT's Gross Margin % is ranked better than
79.3% of 2638 companies
in the Software industry
Industry Median: 41.845 vs XCNQ:ISFT: 71.05

ICEsoft Technologies Canada had a gross margin of 76.38% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for ICEsoft Technologies Canada was 0.00% per year.

ICEsoft Technologies Canada Gross Margin % Historical Data

The historical data trend for ICEsoft Technologies Canada'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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ICEsoft Technologies Canada Gross Margin % Chart

ICEsoft Technologies Canada Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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80.89

74.41

67.38

70.99

ICEsoft Technologies Canada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															64.73	62.41	72.61	72.43	76.38

Competitive Comparison of ICEsoft Technologies Canada's Gross Margin %

For the Software - Application subindustry, ICEsoft Technologies Canada'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.

ICEsoft Technologies Canada's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, ICEsoft Technologies Canada's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ICEsoft Technologies Canada's Gross Margin % falls into.

ICEsoft Technologies Canada Gross Margin % Calculation

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

ICEsoft Technologies Canada'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 )
	=	1.3	/	1.765
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.765 - 0.512)	/	1.765
	=	70.99 %

ICEsoft Technologies Canada'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 )
	=	0.3	/	0.436
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.436 - 0.103)	/	0.436
	=	76.38 %

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.

ICEsoft Technologies Canada (XCNQ:ISFT) 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

ICEsoft Technologies Canada had a gross margin of 76.38% for the quarter that ended in Dec. 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.

ICEsoft Technologies Canada Gross Margin % Related Terms

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ICEsoft Technologies Canada (XCNQ:ISFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICEsoft Technologies Canada Corp (XCNQ:ISFT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3553 31st St. NW, Suite 261, Calgary, AB, CAN, T2L 2K7

Website

https://www.icesoft.com

ICEsoft Technologies Canada Corp and its subsidiaries are commercial Java open-source technology companies and providers of mobile-rich Internet applications development solutions for desktop and mobile enterprises. The solutions offered by the company include Voyent Alert, ICEfaces, and ICEpdf.

Executives

Steven Mark Francis	Director
Brian Clifford Mckinney	10% Security Holder, Director, Senior Officer

ICEsoft Technologies Canada (XCNQ:ISFT) Headlines

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