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Gross Margin % is calculated as gross profit divided by its revenue. Reliance Global Group's Gross Profit for the three months ended in Sep. 2024 was $0.83 Mil. Reliance Global Group's Revenue for the three months ended in Sep. 2024 was $3.44 Mil. Therefore, Reliance Global Group's Gross Margin % for the quarter that ended in Sep. 2024 was 24.15%.
Warning Sign:
Reliance Global Group Inc gross margin has been in long-term decline. The average rate of decline per year is -28.7%.
The historical rank and industry rank for Reliance Global Group's Gross Margin % or its related term are showing as below:
During the past 10 years, the highest Gross Margin % of Reliance Global Group was 92.31%. The lowest was -51.32%. And the median was 27.65%.
Reliance Global Group had a gross margin of 24.15% for the quarter that ended in Sep. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Reliance Global Group was -28.70% per year.
The historical data trend for Reliance Global Group'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.
Reliance Global Group Annual Data | |||||||||||||||||||||
Trend | Aug13 | Aug14 | Aug15 | Aug16 | Aug17 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 32.11 | 28.41 | 26.88 | 9.46 | 18.18 |
Reliance Global Group 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 | 20.63 | 3.76 | 23.86 | 12.12 | 24.15 |
For the Insurance Brokers subindustry, Reliance Global Group'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 Insurance industry and Financial Services sector, Reliance Global Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Reliance Global Group's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Reliance Global Group'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 ) |
= | 2.5 | / | 13.732 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (13.732 - 11.236) | / | 13.732 | |
= | 18.18 % |
Reliance Global Group'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 ) |
= | 0.8 | / | 3.441 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (3.441 - 2.61) | / | 3.441 | |
= | 24.15 % |
* 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.
Reliance Global Group (NAS:RELI) 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
Reliance Global Group had a gross margin of 24.15% for the quarter that ended in Sep. 2024 => 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 Reliance Global Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ezra Beyman | officer: CEO | 300 BLVD OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701 |
Yaakov Beyman | officer: Executive VP, Insurance | 300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701 |
Joel Markovits | officer: Chief Accounting Officer | 300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701 |
Scott Korman | director | C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361 |
William Y. Lebovics | officer: Chief Financial Officer | 300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701 |
Reliance Global Holdings Llc | officer: CEO | 300 BLVD. OF THE AMERICAS., SUITE 105, LAKEWOOD NJ 08701 |
Miriam Spitz | other: Director of Investor Services | 18 SCENIC DRIVE, SUFFERN NY 10901 |
Alex Blumenfrucht | officer: CFO | 517 REYNOLDS AVE, TOMS RIVER NJ 08755 |
Jack Namer | director, 10 percent owner, officer: Chief Executive Officer | 1500 NW 65TH AVENUE PLANTATION FL 33313 |
Amy M. Nalewaik | 10 percent owner | 1500 NW 65TH AVENUE PLANTATION FL 33313 |
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