DMG Blockchain Solutions (DMG Blockchain Solutions) Gross Margin % : 87.18% (As of Mar. 2024)

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What is DMG Blockchain Solutions Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. DMG Blockchain Solutions's Gross Profit for the three months ended in Mar. 2024 was $6.45 Mil. DMG Blockchain Solutions's Revenue for the three months ended in Mar. 2024 was $7.40 Mil. Therefore, DMG Blockchain Solutions's Gross Margin % for the quarter that ended in Mar. 2024 was 87.18%.

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

DMGGF' s Gross Margin % Range Over the Past 10 Years
Min: 43.72 Med: 84.01 Max: 97.05
Current: 95.06

During the past 12 years, the highest Gross Margin % of DMG Blockchain Solutions was 97.05%. The lowest was 43.72%. And the median was 84.01%.

DMGGF's Gross Margin % is ranked better than
90.77% of 607 companies
in the Capital Markets industry
Industry Median: 48.7 vs DMGGF: 95.06

DMG Blockchain Solutions had a gross margin of 87.18% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for DMG Blockchain Solutions was 0.00% per year.

DMG Blockchain Solutions Gross Margin % Historical Data

The historical data trend for DMG Blockchain Solutions'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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DMG Blockchain Solutions Gross Margin % Chart

DMG Blockchain Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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84.00

97.05

DMG Blockchain Solutions 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															90.86	-	-	96.52	87.18

Competitive Comparison of DMG Blockchain Solutions's Gross Margin %

For the Capital Markets subindustry, DMG Blockchain Solutions'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.

DMG Blockchain Solutions's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, DMG Blockchain Solutions's Gross Margin % distribution charts can be found below:

* The bar in red indicates where DMG Blockchain Solutions's Gross Margin % falls into.

DMG Blockchain Solutions Gross Margin % Calculation

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

DMG Blockchain Solutions's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	20.7	/	20.65
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(20.65 - 0)	/	20.65
	=	N/A %

DMG Blockchain Solutions'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 )
	=	6.5	/	7.4
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7.4 - 0.949)	/	7.4
	=	87.18 %

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.

DMG Blockchain Solutions (OTCPK:DMGGF) 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

DMG Blockchain Solutions had a gross margin of 87.18% for the quarter that ended in Mar. 2024 => 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.

DMG Blockchain Solutions Gross Margin % Related Terms

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DMG Blockchain Solutions (DMG Blockchain Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (OTCPK:DMGGF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

6AX:Germany DMGI:Canada

Address

4193 104 Street, Delta, BC, CAN, V4K3N3

Website

https://www.dmgblockchain.com

DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.