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Corporacion de Ferias y Exposiciones (BOG:CORFERIAS) Gross Margin % : 96.74% (As of Mar. 2024)


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What is Corporacion de Ferias y Exposiciones Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Corporacion de Ferias y Exposiciones's Gross Profit for the three months ended in Mar. 2024 was COP17,766 Mil. Corporacion de Ferias y Exposiciones's Revenue for the three months ended in Mar. 2024 was COP18,365 Mil. Therefore, Corporacion de Ferias y Exposiciones's Gross Margin % for the quarter that ended in Mar. 2024 was 96.74%.


The historical rank and industry rank for Corporacion de Ferias y Exposiciones's Gross Margin % or its related term are showing as below:

BOG:CORFERIAS' s Gross Margin % Range Over the Past 10 Years
Min: 97.65   Med: 98.44   Max: 99.53
Current: 98.18


During the past 13 years, the highest Gross Margin % of Corporacion de Ferias y Exposiciones was 99.53%. The lowest was 97.65%. And the median was 98.44%.

BOG:CORFERIAS's Gross Margin % is ranked better than
97.48% of 991 companies
in the Business Services industry
Industry Median: 34.73 vs BOG:CORFERIAS: 98.18

Corporacion de Ferias y Exposiciones had a gross margin of 96.74% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Corporacion de Ferias y Exposiciones was 0.00% per year.


Corporacion de Ferias y Exposiciones Gross Margin % Historical Data

The historical data trend for Corporacion de Ferias y Exposiciones'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.

Corporacion de Ferias y Exposiciones Gross Margin % Chart

Corporacion de Ferias y Exposiciones Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.28 97.65 98.81 97.76 98.22

Corporacion de Ferias y Exposiciones Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 97.38 98.18 98.41 98.27 96.74

Competitive Comparison of Corporacion de Ferias y Exposiciones's Gross Margin %

For the Specialty Business Services subindustry, Corporacion de Ferias y Exposiciones'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.


Corporacion de Ferias y Exposiciones's Gross Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Corporacion de Ferias y Exposiciones's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Corporacion de Ferias y Exposiciones's Gross Margin % falls into.



Corporacion de Ferias y Exposiciones Gross Margin % Calculation

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

Corporacion de Ferias y Exposiciones'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 )
=260243 / 264949.733
=(Revenue - Cost of Goods Sold) / Revenue
=(264949.733 - 4706.692) / 264949.733
=98.22 %

Corporacion de Ferias y Exposiciones's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=17766.5 / 18364.758
=(Revenue - Cost of Goods Sold) / Revenue
=(18364.758 - 598.273) / 18364.758
=96.74 %

* 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.


Corporacion de Ferias y Exposiciones  (BOG:CORFERIAS) 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

Corporacion de Ferias y Exposiciones had a gross margin of 96.74% for the quarter that ended in Mar. 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.


Corporacion de Ferias y Exposiciones Gross Margin % Related Terms

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Corporacion de Ferias y Exposiciones (BOG:CORFERIAS) Business Description

Traded in Other Exchanges
N/A
Address
Carrera 37, No. 24-67, Bogota, COL
Corporacion de Ferias y Exposiciones SA organizes trade fairs, exhibitions and conventions in the Andean Region, Central America, and the Caribbean. The company also provides Banking, Travel, Health, and other services.

Corporacion de Ferias y Exposiciones (BOG:CORFERIAS) Headlines

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