BCE (BCEPF.PFD) Gross Margin % : 70.94% (As of Sep. 2024)

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What is BCE Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. BCE's Gross Profit for the three months ended in Sep. 2024 was $3,127.12 Mil. BCE's Revenue for the three months ended in Sep. 2024 was $4,407.94 Mil. Therefore, BCE's Gross Margin % for the quarter that ended in Sep. 2024 was 70.94%.

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

BCEPF.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 67.88 Med: 69.11 Max: 70.23
Current: 68.47

During the past 13 years, the highest Gross Margin % of BCE was 70.23%. The lowest was 67.88%. And the median was 69.11%.

BCEPF.PFD's Gross Margin % is ranked better than
77.08% of 349 companies
in the Telecommunication Services industry
Industry Median: 49.5 vs BCEPF.PFD: 68.47

BCE had a gross margin of 70.94% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for BCE was -0.30% per year.

BCE Gross Margin % Historical Data

The historical data trend for BCE'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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BCE Gross Margin % Chart

BCE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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69.08

69.55

68.94

68.39

67.88

BCE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															69.70	64.56	68.81	69.89	70.94

Competitive Comparison of BCE's Gross Margin %

For the Telecom Services subindustry, BCE'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.

BCE's Gross Margin % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, BCE's Gross Margin % distribution charts can be found below:

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

BCE Gross Margin % Calculation

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

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

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	12482.9	/	18390.727
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(18390.727 - 5907.871)	/	18390.727
	=	67.88 %

BCE's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	3127.1	/	4407.943
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4407.943 - 1280.821)	/	4407.943
	=	70.94 %

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.

BCE (OTCPK:BCEPF.PFD) 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

BCE had a gross margin of 70.94% for the quarter that ended in Sep. 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.

BCE Gross Margin % Related Terms

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

BCE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » BCE Inc (OTCPK:BCEPF.PFD) » Definitions » Gross Margin %

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Address

1 Carrefour Alexander Graham Bell, Tour A-7, Verdun, QC, CAN, H3E 3B3

Website

https://www.bce.ca

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the incumbent local exchange carrier, or ILEC—the legacy telephone provider—throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz.