X1 Entertainment Group (XCNQ:XONE) Gross Margin % : 0.00% (As of Feb. 2024)

View and export this data going back to 2022. Start your Free Trial

What is X1 Entertainment Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. X1 Entertainment Group's Gross Profit for the three months ended in Feb. 2024 was C$0.00 Mil. X1 Entertainment Group's Revenue for the three months ended in Feb. 2024 was C$0.00 Mil. Therefore, X1 Entertainment Group's Gross Margin % for the quarter that ended in Feb. 2024 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

The historical rank and industry rank for X1 Entertainment Group's Gross Margin % or its related term are showing as below:

XCNQ:XONE' s Gross Margin % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 104.55
Current: 104.55

During the past 2 years, the highest Gross Margin % of X1 Entertainment Group was 104.55%. The lowest was 0.00%. And the median was 0.00%.

XCNQ:XONE's Gross Margin % is ranked better than
98.75% of 963 companies
in the Media - Diversified industry
Industry Median: 38.52 vs XCNQ:XONE: 104.55

X1 Entertainment Group had a gross margin of N/A% for the quarter that ended in Feb. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for X1 Entertainment Group was 0.00% per year.

X1 Entertainment Group Gross Margin % Historical Data

The historical data trend for X1 Entertainment Group'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.

X1 Entertainment Group Gross Margin % Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Gross Margin %

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Margin %	Get a 7-Day Free Trial						-	-600.00	-	-	-

Competitive Comparison of X1 Entertainment Group's Gross Margin %

For the Entertainment subindustry, X1 Entertainment 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.

X1 Entertainment Group's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, X1 Entertainment Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where X1 Entertainment Group's Gross Margin % falls into.

X1 Entertainment Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

X1 Entertainment Group's Gross Margin for the fiscal year that ended in Aug. 2023 is calculated as

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

X1 Entertainment Group's Gross Margin for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )	=	Gross Profit (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0)	/	0
	=	N/A %

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.

X1 Entertainment Group (XCNQ:XONE) 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

X1 Entertainment Group had a gross margin of N/A% for the quarter that ended in Feb. 2024 => 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.

X1 Entertainment Group Gross Margin % Related Terms

Thank you for viewing the detailed overview of X1 Entertainment Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.