Smart Card Marketing Systems (Smart Card Marketing Systems) Gross Margin % : -91.67% (As of Jun. 2023)

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What is Smart Card Marketing Systems Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Smart Card Marketing Systems's Gross Profit for the three months ended in Jun. 2023 was $-0.01 Mil. Smart Card Marketing Systems's Revenue for the three months ended in Jun. 2023 was $0.01 Mil. Therefore, Smart Card Marketing Systems's Gross Margin % for the quarter that ended in Jun. 2023 was -91.67%.

The historical rank and industry rank for Smart Card Marketing Systems's Gross Margin % or its related term are showing as below:

SMKG' s Gross Margin % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 89.92
Current: 89.92

During the past 2 years, the highest Gross Margin % of Smart Card Marketing Systems was 89.92%. The lowest was 0.00%. And the median was 0.00%.

SMKG's Gross Margin % is not ranked
in the Software industry.
Industry Median: 41.72 vs SMKG: 89.92

Smart Card Marketing Systems had a gross margin of -91.67% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Smart Card Marketing Systems was 0.00% per year.

Smart Card Marketing Systems Gross Margin % Historical Data

The historical data trend for Smart Card Marketing Systems'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.

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Smart Card Marketing Systems Gross Margin % Chart

Smart Card Marketing Systems Annual Data

Trend

Dec20

Dec21

Gross Margin %

Smart Card Marketing Systems Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23
Gross Margin %	Get a 7-Day Free Trial							96.09	-	-	95.65	-91.67

Competitive Comparison of Smart Card Marketing Systems's Gross Margin %

For the Software - Infrastructure subindustry, Smart Card Marketing Systems'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.

Smart Card Marketing Systems's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Smart Card Marketing Systems's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Smart Card Marketing Systems's Gross Margin % falls into.

Smart Card Marketing Systems Gross Margin % Calculation

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

Smart Card Marketing Systems's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )	=	Gross Profit (A: Dec. 2021 )	/	Revenue (A: Dec. 2021 )
	=	0.4	/	0.405
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.405 - 0)	/	0.405
	=	N/A %

Smart Card Marketing Systems's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	-0	/	0.012
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.012 - 0.023)	/	0.012
	=	-91.67 %

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.

Smart Card Marketing Systems (OTCPK:SMKG) 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

Smart Card Marketing Systems had a gross margin of -91.67% for the quarter that ended in Jun. 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.

Smart Card Marketing Systems Gross Margin % Related Terms

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Smart Card Marketing Systems (Smart Card Marketing Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Card Marketing Systems Inc (OTCPK:SMKG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20c Trolley Square, Wilmington, DE, USA, 19806

Website

https://www.smartcardmarketingsystems.com

Smart Card Marketing Systems Inc is a fintech and paytech company in specialized ecommerce, cloud and mobility marketplace and applications to the global banking, telecom, retail and digital realm markets. It is an entrepreneurial boutique technology company, providing business intelligence and digital transformation strategies with a proprietary portfolio of commercial strategies and wireframes for banking, enterprises, retail e-wallets, digital id, cross-border payments, blockchain, crypto issuing, chatbot ai, nft, e-KYC, digital workforce, events & media management, edtech, tele- med and transit-booking industries.