Tap Global Group (AQSE:TAP) Gross Margin % : 59.05% (As of Jun. 2024)

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What is Tap Global Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tap Global Group's Gross Profit for the six months ended in Jun. 2024 was £1.56 Mil. Tap Global Group's Revenue for the six months ended in Jun. 2024 was £2.65 Mil. Therefore, Tap Global Group's Gross Margin % for the quarter that ended in Jun. 2024 was 59.05%.

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

AQSE:TAP' s Gross Margin % Range Over the Past 10 Years
Min: 59.05 Med: 67.28 Max: 75.5
Current: 59.05

During the past 10 years, the highest Gross Margin % of Tap Global Group was 75.50%. The lowest was 59.05%. And the median was 67.28%.

AQSE:TAP's Gross Margin % is ranked better than
68.47% of 2648 companies
in the Software industry
Industry Median: 41.385 vs AQSE:TAP: 59.05

Tap Global Group had a gross margin of 59.05% for the quarter that ended in Jun. 2024 => Durable competitive advantage

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

Tap Global Group Gross Margin % Historical Data

The historical data trend for Tap Global 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.

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Tap Global Group Gross Margin % Chart

Tap Global Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Gross Margin %

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75.50

59.05

Tap Global Group Semi-Annual Data
	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23	Jun24
Gross Margin %	Get a 7-Day Free Trial					-	-	-	75.50	59.05

Competitive Comparison of Tap Global Group's Gross Margin %

For the Software - Application subindustry, Tap Global 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.

Tap Global Group's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Tap Global Group's Gross Margin % distribution charts can be found below:

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

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Tap Global Group Gross Margin % Calculation

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

Tap Global Group's Gross Margin for the fiscal year that ended in Jun. 2024 is calculated as

Gross Margin % (A: Jun. 2024 )	=	Gross Profit (A: Jun. 2024 )	/	Revenue (A: Jun. 2024 )
	=	1.6	/	2.647
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.647 - 1.084)	/	2.647
	=	59.05 %

Tap Global Group's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1.6	/	2.647
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.647 - 1.084)	/	2.647
	=	59.05 %

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.

Tap Global Group (AQSE:TAP) 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

Tap Global Group had a gross margin of 59.05% for the quarter that ended in Jun. 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.

Tap Global Group Gross Margin % Related Terms

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Tap Global Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tap Global Group PLC (AQSE:TAP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.tap.global

Tap Global Group PLC is a regulated and fully integrated crypto-fiat exchange service provider with an associated neo-banking platform. Tap's mission is to create a seamless and fully regulated bridge that links fiat banking, traditional assets, and crypto markets. Built on its exchange foundation, the company also offers consumer and corporate crypto-fiat banking services and DeFi yield products.