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Freedom Holding (Freedom Holding) Gross Margin % : 70.11% (As of Dec. 2023)


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What is Freedom Holding Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Freedom Holding's Gross Profit for the three months ended in Dec. 2023 was $302 Mil. Freedom Holding's Revenue for the three months ended in Dec. 2023 was $431 Mil. Therefore, Freedom Holding's Gross Margin % for the quarter that ended in Dec. 2023 was 70.11%.

Warning Sign:

Freedom Holding Corp gross margin has been in long-term decline. The average rate of decline per year is -6.7%.


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

FRHC' s Gross Margin % Range Over the Past 10 Years
Min: 57.8   Med: 76.72   Max: 98.21
Current: 74.38


During the past 13 years, the highest Gross Margin % of Freedom Holding was 98.21%. The lowest was 57.80%. And the median was 76.72%.

FRHC's Gross Margin % is ranked better than
76.69% of 605 companies
in the Capital Markets industry
Industry Median: 48.91 vs FRHC: 74.38

Freedom Holding had a gross margin of 70.11% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Freedom Holding was -6.70% per year.


Freedom Holding Gross Margin % Historical Data

The historical data trend for Freedom Holding'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.

Freedom Holding Gross Margin % Chart

Freedom Holding Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.60 76.72 57.80 72.94 71.75

Freedom Holding Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 59.41 80.35 73.89 74.95 70.11

Competitive Comparison of Freedom Holding's Gross Margin %

For the Capital Markets subindustry, Freedom Holding'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.


Freedom Holding's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Freedom Holding's Gross Margin % distribution charts can be found below:

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



Freedom Holding Gross Margin % Calculation

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

Freedom Holding's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )=Gross Profit (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=570.9 / 795.693
=(Revenue - Cost of Goods Sold) / Revenue
=(795.693 - 224.808) / 795.693
=71.75 %

Freedom Holding's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=302.3 / 431.231
=(Revenue - Cost of Goods Sold) / Revenue
=(431.231 - 128.89) / 431.231
=70.11 %

* 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.


Freedom Holding  (NAS:FRHC) 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

Freedom Holding had a gross margin of 70.11% for the quarter that ended in Dec. 2023 => 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.


Freedom Holding Gross Margin % Related Terms

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


Freedom Holding (Freedom Holding) Business Description

Traded in Other Exchanges
Address
No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040
Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.
Executives
Sergey Lukyanov officer: *See Remarks ESENTAI TOWER BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040
Evgeny Ler officer: Chief Financial Officer 202 DOSTYK AVE, 4TH FLOOR, ALMATY 1P 050051
Liudmila Kiriaku officer: VP of Compliance until 8/18/23 CHIRSTAKI KRANOU 20 C TOWER 5TH FL, LIMASSOL G4 4041
Robert Wotczak officer: CEO - Prime Executions C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704
Renat Tukanov officer: CHIEF TECHNOLOGY OFFICER "ESENTIA TOWER" BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040
Boris Cherdabayev 10 percent owner, officer: Chief Operating Officer C/O POULTON & YORDAN, 324 SOUTH 400 WEST SUITE 250, SALT LAKE CITY UT 84101
Amber Williams director 324 SOUTH 400 WEST, SUITE 250, SALT LAKE CITY UT 84101
Askar Tashtitov officer: President KURMANGAZY ST 31, APT 38, ALMATY 1P 050051
Arkady V Rakhilkin director AL-FARABI 17, NURLY TAU 4B, OFFICE 104, ALMATY 1P 050059
Timur R Turlov director, 10 percent owner, officer: Chief Executive Officer VLANSKIY PER. 14B, AP. 67, MOSCOW 1Z 101000
Toleush Tolmakov 10 percent owner, officer: Vice President 202 DOSTYK AVE., 4TH FLOOR, ALMATY 1P 050051
Daymon M. Smith director 352 E. 426 N., ALPINE UT 84004
Anuarbek Baimoldin officer: Chief Operating Officer 202 DOSTYK AVE. 4TH FLOOR, ALMATY 1P 050051
Jason M Kerr director 1038 SOUTH 750 EAST, KAYSVILLE UT 84037
Jsc Compass Asset Management 10 percent owner 240V FURMANOVA STREET, ALMATY 1P 050059

Freedom Holding (Freedom Holding) Headlines

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