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Quara Finance Co (SAU:9596) Gross Margin % : 71.41% (As of Sep. 2024)


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What is Quara Finance Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Quara Finance Co's Gross Profit for the three months ended in Sep. 2024 was ﷼33.30 Mil. Quara Finance Co's Revenue for the three months ended in Sep. 2024 was ﷼46.64 Mil. Therefore, Quara Finance Co's Gross Margin % for the quarter that ended in Sep. 2024 was 71.41%.


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


SAU:9596's Gross Margin % is not ranked *
in the Credit Services industry.
Industry Median: 55.15
* Ranked among companies with meaningful Gross Margin % only.

Quara Finance Co had a gross margin of 71.41% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Quara Finance Co was 0.00% per year.

Quara Finance Co Gross Margin % Historical Data

The historical data trend for Quara Finance Co'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.

Quara Finance Co Gross Margin % Chart

Quara Finance Co Annual Data
Trend
Gross Margin %

Quara Finance Co Quarterly Data
Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial 69.87 75.29 78.88 75.04 71.41

Competitive Comparison of Quara Finance Co's Gross Margin %

For the Credit Services subindustry, Quara Finance Co'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.

Quara Finance Co's Gross Margin % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Quara Finance Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Quara Finance Co's Gross Margin % falls into.


Quara Finance Co Gross Margin % Calculation

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

Quara Finance Co's Gross Margin for the fiscal year that ended in . 20 is calculated as

Gross Margin % (A: . 20 )=Gross Profit (A: . 20 ) / Revenue (A: . 20 )
=0 /
=(Revenue - Cost of Goods Sold) / Revenue
=( - ) /
=N/A %

Quara Finance Co'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 )
=33.3 / 46.637
=(Revenue - Cost of Goods Sold) / Revenue
=(46.637 - 13.335) / 46.637
=71.41 %

* 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.

Quara Finance Co  (SAU:9596) 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

Quara Finance Co had a gross margin of 71.41% for the quarter that ended in Sep. 2024 => 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.

Quara Finance Co Gross Margin % Related Terms

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Quara Finance Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Quara Finance Co (SAU:9596) » Definitions » Gross Margin %
Comparable Companies
Traded in Other Exchanges
N/A
Address
8246, King Abdulaziz Road, Unit Number 15, Al – Wizarat District, Riyadh, SAU, 12622-3797
Website
https://www.quarafinance.com
Quara Finance Co is a company engaged in providing finance lease, consumer finance, and small and medium enterprise finance in the Kingdom of Saudi Arabia. The company's operations are in the Kingdom of Saudi Arabia and it provides financing to Saudi and resident individuals from government and private sectors and to SMEs. Its reportable segments are; Retail (Personal financing) segment which includes personal financing provided to retail clients; and the SME financing segment includes financing provided to small and medium enterprises. It generates a majority of its income from the Retail segment.

Quara Finance Co Headlines

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