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RELI (Reliance Global Group) Gross Margin % : 24.15% (As of Sep. 2024)


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What is Reliance Global Group Gross Margin %?

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:

RELI' s Gross Margin % Range Over the Past 10 Years
Min: -51.32   Med: 27.65   Max: 92.31
Current: 16.5


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%.

RELI's Gross Margin % is ranked worse than
84.62% of 52 companies
in the Insurance industry
Industry Median: 41.255 vs RELI: 16.50

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.


Reliance Global Group Gross Margin % Historical Data

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.

* Premium members only.

Reliance Global Group Gross Margin % Chart

Reliance Global Group Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 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 20.63 3.76 23.86 12.12 24.15

Competitive Comparison of Reliance Global Group's Gross Margin %

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.


Reliance Global Group's Gross Margin % Distribution in the Insurance Industry

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.



Reliance Global Group Gross Margin % Calculation

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.


Reliance Global Group Gross Margin % Related Terms

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.


Reliance Global Group Business Description

Traded in Other Exchanges
N/A
Address
300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701
Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. The company generates revenue in the form of commissions.
Executives
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