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Gross Margin % is calculated as gross profit divided by its revenue. NextPlay Technologies's Gross Profit for the three months ended in Nov. 2022 was $0.18 Mil. NextPlay Technologies's Revenue for the three months ended in Nov. 2022 was $0.63 Mil. Therefore, NextPlay Technologies's Gross Margin % for the quarter that ended in Nov. 2022 was 28.93%.
The historical rank and industry rank for NextPlay Technologies's Gross Margin % or its related term are showing as below:
NextPlay Technologies had a gross margin of 28.93% for the quarter that ended in Nov. 2022 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for NextPlay Technologies was 0.00% per year.
The historical data trend for NextPlay Technologies'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.
NextPlay Technologies Annual Data | |||||
Trend | Feb21 | Feb22 | |||
Gross Margin % | - | 71.40 |
NextPlay Technologies Quarterly Data | ||||||||
Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | |
Gross Margin % | Get a 7-Day Free Trial | 50.36 | 72.63 | 77.94 | -23.90 | 28.93 |
For the Software - Infrastructure subindustry, NextPlay Technologies'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.
For the Software industry and Technology sector, NextPlay Technologies's Gross Margin % distribution charts can be found below:
* The bar in red indicates where NextPlay Technologies's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
NextPlay Technologies's Gross Margin for the fiscal year that ended in Feb. 2022 is calculated as
Gross Margin % (A: Feb. 2022 ) | = | Gross Profit (A: Feb. 2022 ) | / | Revenue (A: Feb. 2022 ) |
= | 5.9 | / | 8.203 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (8.203 - 2.346) | / | 8.203 | |
= | 71.40 % |
NextPlay Technologies's Gross Margin for the quarter that ended in Nov. 2022 is calculated as
Gross Margin % (Q: Nov. 2022 ) | = | Gross Profit (Q: Nov. 2022 ) | / | Revenue (Q: Nov. 2022 ) |
= | 0.2 | / | 0.629 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (0.629 - 0.447) | / | 0.629 | |
= | 28.93 % |
* 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.
NextPlay Technologies (OTCPK:NXTP) 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
NextPlay Technologies had a gross margin of 28.93% for the quarter that ended in Nov. 2022 => Competition eroding margins
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.
Thank you for viewing the detailed overview of NextPlay Technologies's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy James Sikora | officer: Chief Information Officer | 133 N POMPANO BEACH BLVD, #1401, POMPANO BEACH FL 33062 |
Nutthaphol Rungsakhon | officer: Interim CFO | 1560 SAWGRASS CORPORATE PARKWAY, 4TH FLOOR, SUNRISE FL 33323 |
Red Anchor Trading Corp. | 10 percent owner | MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000 |
Nextplay Holdings Llc | other: Group | 1013 CENTRE STREET, SUITE 403-B 87-1942169, WILMINGTON DE 19805 |
Nithinan Boonyawattanapisut | director, 10 percent owner, officer: Co-CEO | 999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310 |
John Todd Bonner | director | 999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310 |
Found Side Ltd | other: Group | PGCS LTD., 2ND FLOOR, THE QUADRANT, MANGLIER STREET, VICTORIA, MAHE T2 00000 |
Cern One Ltd | other: Group | MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000 |
Gardner Edward Terrence Jr. | director | 1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323 |
Farooq Moosa | director | 1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323 |
Yoshihiro Obata | director | 4-9-34-303 MINAMIAZABU, MINATO-KU, TOKYOI M0 106-0047 |
Carmen L Diges | director | 150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9 |
Thanin Pornsiritivet | other: Part of 10% owner group | 5/150 WATCHARAPHON ROAD, THA RENG SUBDISTRICT, BANG KHEN DISTRICT, BANGKOK W1 10220 |
Andrew James Greaves | officer: Chief Operating Officer | HALLFARM, WINGERWORTH, CHESTERFIELD X0 S42 6PL |
Stacey Donna Riddell | director | 3210 S OCEAN BLVD., APT 602, HIGHLAND BEACH FL 33487 |
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