Prestige Wealth (Prestige Wealth) Gross Margin % : 0.00% (As of Sep. 2023)

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What is Prestige Wealth Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Prestige Wealth's Gross Profit for the six months ended in Sep. 2023 was $-0.22 Mil. Prestige Wealth's Revenue for the six months ended in Sep. 2023 was $-0.22 Mil. Therefore, Prestige Wealth's Gross Margin % for the quarter that ended in Sep. 2023 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

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

During the past 4 years, the highest Gross Margin % of Prestige Wealth was 98.50%. The lowest was 98.50%. And the median was 98.50%.

PWM's Gross Margin % is not ranked ^*
in the Asset Management industry.
Industry Median: 51.55
* Ranked among companies with meaningful Gross Margin % only.

Prestige Wealth had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Prestige Wealth was 0.00% per year.

Prestige Wealth Gross Margin % Historical Data

The historical data trend for Prestige Wealth'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.

Prestige Wealth Gross Margin % Chart

Prestige Wealth Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Gross Margin %

98.50

Prestige Wealth Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Prestige Wealth's Gross Margin %

For the Asset Management subindustry, Prestige Wealth'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.

Prestige Wealth's Gross Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Prestige Wealth's Gross Margin % distribution charts can be found below:

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

Prestige Wealth Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Prestige Wealth's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	0.3	/	0.349
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.349 - 0)	/	0.349
	=	N/A %

Prestige Wealth's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-0.2	/	-0.217
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(-0.217 - 0)	/	-0.217
	=	N/A %

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.

Prestige Wealth (NAS:PWM) 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

Prestige Wealth had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable 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.

Prestige Wealth Gross Margin % Related Terms

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Prestige Wealth (Prestige Wealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prestige Wealth Inc (NAS:PWM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Suite 5102, 51th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.prestigewm.hk

Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.

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