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BeWhere Holdings (BeWhere Holdings) Gross Margin % : 38.36% (As of Mar. 2024)


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What is BeWhere Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. BeWhere Holdings's Gross Profit for the three months ended in Mar. 2024 was $0.99 Mil. BeWhere Holdings's Revenue for the three months ended in Mar. 2024 was $2.59 Mil. Therefore, BeWhere Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 38.36%.


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

BEWFF' s Gross Margin % Range Over the Past 10 Years
Min: 13.69   Med: 25.33   Max: 83.65
Current: 38.19


During the past 13 years, the highest Gross Margin % of BeWhere Holdings was 83.65%. The lowest was 13.69%. And the median was 25.33%.

BEWFF's Gross Margin % is ranked better than
74.86% of 2438 companies
in the Hardware industry
Industry Median: 24.395 vs BEWFF: 38.19

BeWhere Holdings had a gross margin of 38.36% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for BeWhere Holdings was 20.00% per year.


BeWhere Holdings Gross Margin % Historical Data

The historical data trend for BeWhere Holdings'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.

BeWhere Holdings Gross Margin % Chart

BeWhere Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.00 23.64 26.79 35.40 38.43

BeWhere Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.54 34.91 40.70 38.72 38.36

Competitive Comparison of BeWhere Holdings's Gross Margin %

For the Communication Equipment subindustry, BeWhere Holdings'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.


BeWhere Holdings's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BeWhere Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where BeWhere Holdings's Gross Margin % falls into.



BeWhere Holdings Gross Margin % Calculation

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

BeWhere Holdings'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 )
=3.5 / 8.986
=(Revenue - Cost of Goods Sold) / Revenue
=(8.986 - 5.533) / 8.986
=38.43 %

BeWhere Holdings's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=1 / 2.586
=(Revenue - Cost of Goods Sold) / Revenue
=(2.586 - 1.594) / 2.586
=38.36 %

* 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.


BeWhere Holdings  (OTCPK:BEWFF) 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

BeWhere Holdings had a gross margin of 38.36% for the quarter that ended in Mar. 2024 => 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.


BeWhere Holdings Gross Margin % Related Terms

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BeWhere Holdings (BeWhere Holdings) Business Description

Traded in Other Exchanges
Address
2475 Skymark Avenue, Unit 4, Mississauga, ON, CAN, L4W 4Y6
BeWhere Holdings Inc is an internet provider of real-time information on equipment tools, and inventory in transit and at facilities serving the emergency service, construction, utility, and transportation industries. It designs and sells beacons and develops mobile applications, middle-ware, and cloud-based solutions enabling a level of operational visibility that was previously unavailable and cost prohibitive. The company derives revenue from the sale of beacons and their associated software, as well as professional services associated with customizing its products. Its products include Bluetooth Beacons, Gateways, NB-IoT and LTE-M.