Audioboom Group (LSE:BOOM) Gross Margin % : -9.89% (As of Jun. 2023)

Audioboom Group Gross Margin % Chart

Audioboom Group Annual Data
	Trend	Nov13	Nov14	Nov15	Nov16	Nov17	Dec19	Dec20	Dec21	Dec22	Dec23
Gross Margin %		Get a 7-Day Free Trial					21.95	23.16	21.97	18.98	-3.96

Audioboom Group Semi-Annual Data
	Mar12	May13	Nov13	May15	Nov15	May16	Nov16	May17	Nov17	May18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															22.34	20.19	17.52	-9.89	-

Competitive Comparison of Audioboom Group's Gross Margin %

For the Internet Content & Information subindustry, Audioboom Group'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.

Audioboom Group's Gross Margin % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Audioboom Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Audioboom Group's Gross Margin % falls into.

Audioboom Group Gross Margin % Calculation

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

Audioboom Group's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Audioboom Group's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

* 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.

Audioboom Group  (LSE:BOOM) 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

Audioboom Group had a gross margin of -9.89% for the quarter that ended in Jun. 2023 => No sustainable 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.

Audioboom Group Gross Margin % Related Terms

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Audioboom Group (LSE:BOOM) Business Description