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International Entertainment (HKSE:01009) Gross Margin % : 63.73% (As of Dec. 2023)


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What is International Entertainment Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. International Entertainment's Gross Profit for the six months ended in Dec. 2023 was HK$67.0 Mil. International Entertainment's Revenue for the six months ended in Dec. 2023 was HK$105.1 Mil. Therefore, International Entertainment's Gross Margin % for the quarter that ended in Dec. 2023 was 63.73%.


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

HKSE:01009' s Gross Margin % Range Over the Past 10 Years
Min: 6.97   Med: 46.65   Max: 75.97
Current: 66.57


During the past 13 years, the highest Gross Margin % of International Entertainment was 75.97%. The lowest was 6.97%. And the median was 46.65%.

HKSE:01009's Gross Margin % is ranked better than
77.64% of 1650 companies
in the Real Estate industry
Industry Median: 36.6 vs HKSE:01009: 66.57

International Entertainment had a gross margin of 63.73% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for International Entertainment was 0.00% per year.


International Entertainment Gross Margin % Historical Data

The historical data trend for International Entertainment'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.

International Entertainment Gross Margin % Chart

International Entertainment Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Jun19 Jun20 Jun21 Jun22 Jun23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 65.44 6.97 25.67 65.93

International Entertainment Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -15.35 45.25 61.98 69.22 63.73

Competitive Comparison of International Entertainment's Gross Margin %

For the Real Estate Services subindustry, International Entertainment'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.


International Entertainment's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, International Entertainment's Gross Margin % distribution charts can be found below:

* The bar in red indicates where International Entertainment's Gross Margin % falls into.



International Entertainment Gross Margin % Calculation

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

International Entertainment'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 )
=136.6 / 207.219
=(Revenue - Cost of Goods Sold) / Revenue
=(207.219 - 70.593) / 207.219
=65.93 %

International Entertainment'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 )
=67 / 105.134
=(Revenue - Cost of Goods Sold) / Revenue
=(105.134 - 38.133) / 105.134
=63.73 %

* 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.


International Entertainment  (HKSE:01009) 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

International Entertainment had a gross margin of 63.73% 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.


International Entertainment Gross Margin % Related Terms

Thank you for viewing the detailed overview of International Entertainment's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


International Entertainment (HKSE:01009) Business Description

Traded in Other Exchanges
N/A
Address
No. 71 Des Voeux Road Central, Units 2109-10, 21st Floor, Wing On House, Hong Kong, HKG
International Entertainment Corp is mainly engaged in the hotel operations and leasing of properties for casino and ancillary leisure and entertainment operations. The operating segments of the group are Hotel, Gaming Operation, and Live Events. It generates maximum revenue from the Gaming Operation segment. The Gaming Operation segment represents the leasing of investment properties equipped with entertainment equipment to PAGCOR. Geographically, it derives a majority of its revenue from the Philippines.
Executives
Eriska Investment Fund Ltd 2101 Beneficial owner
Tang Yuk Fan 2201 Interest of corporation controlled by you
Ag Investment Management Company Limited 2201 Interest of corporation controlled by you
Excite Investments Holdings Limited 2201 Interest of corporation controlled by you
Excite Opportunity Fund L.p. 2101 Beneficial owner
Glorious Future Fund Spc 2201 Interest of corporation controlled by you
Ho Wong Meng 2201 Interest of corporation controlled by you

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