Smart Parking (ASX:SPZ) Gross Margin % : 96.81% (As of Dec. 2023)

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What is Smart Parking Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Smart Parking's Gross Profit for the six months ended in Dec. 2023 was A$25.73 Mil. Smart Parking's Revenue for the six months ended in Dec. 2023 was A$26.58 Mil. Therefore, Smart Parking's Gross Margin % for the quarter that ended in Dec. 2023 was 96.81%.

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

ASX:SPZ' s Gross Margin % Range Over the Past 10 Years
Min: 83.72 Med: 89.56 Max: 95.44
Current: 94.88

During the past 13 years, the highest Gross Margin % of Smart Parking was 95.44%. The lowest was 83.72%. And the median was 89.56%.

ASX:SPZ's Gross Margin % is ranked better than
99.38% of 1612 companies
in the Construction industry
Industry Median: 19.255 vs ASX:SPZ: 94.88

Smart Parking had a gross margin of 96.81% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Smart Parking was 1.00% per year.

Smart Parking Gross Margin % Historical Data

The historical data trend for Smart Parking'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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Smart Parking Gross Margin % Chart

Smart Parking Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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87.70

84.03

83.72

91.07

93.05

Smart Parking Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															91.78	90.60	93.47	92.64	96.81

Competitive Comparison of Smart Parking's Gross Margin %

For the Infrastructure Operations subindustry, Smart Parking'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.

Smart Parking's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Smart Parking's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Smart Parking's Gross Margin % falls into.

Smart Parking Gross Margin % Calculation

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

Smart Parking's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	41.9	/	45.051
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(45.051 - 3.132)	/	45.051
	=	93.05 %

Smart Parking'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 )
	=	25.7	/	26.581
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(26.581 - 0.849)	/	26.581
	=	96.81 %

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.

Smart Parking (ASX:SPZ) 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

Smart Parking had a gross margin of 96.81% 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.

Smart Parking Gross Margin % Related Terms

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Smart Parking (ASX:SPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Smart Parking Ltd (ASX:SPZ) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Dundas Place, Albert Park, VIC, AUS, 3206

Website

https://www.smartparking.com

Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has a presence in North America; UK and Europe; Asia, and Australia.

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