Raffles Financial Group (XCNQ:RICH) Gross Margin % : 99.50% (As of Mar. 2021)

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What is Raffles Financial Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Raffles Financial Group's Gross Profit for the three months ended in Mar. 2021 was C$2.80 Mil. Raffles Financial Group's Revenue for the three months ended in Mar. 2021 was C$2.81 Mil. Therefore, Raffles Financial Group's Gross Margin % for the quarter that ended in Mar. 2021 was 99.50%.

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

XCNQ:RICH's Gross Margin % is not ranked ^*
in the Capital Markets industry.
Industry Median: 49.13
* Ranked among companies with meaningful Gross Margin % only.

Raffles Financial Group had a gross margin of 99.50% for the quarter that ended in Mar. 2021 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Raffles Financial Group was 0.00% per year.

Raffles Financial Group Gross Margin % Historical Data

The historical data trend for Raffles Financial 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.

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Raffles Financial Group Gross Margin % Chart

Raffles Financial Group Annual Data

Trend

Jun19

Gross Margin %

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Gross Margin %	Get a 7-Day Free Trial					-	99.33	-	-	99.50

Competitive Comparison of Raffles Financial Group's Gross Margin %

For the Capital Markets subindustry, Raffles Financial 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.

Raffles Financial Group's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Raffles Financial Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Raffles Financial Group's Gross Margin % falls into.

Raffles Financial Group Gross Margin % Calculation

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

Raffles Financial Group's Gross Margin for the fiscal year that ended in Jun. 2019 is calculated as

Gross Margin % (A: Jun. 2019 )	=	Gross Profit (A: Jun. 2019 )	/	Revenue (A: Jun. 2019 )
	=	11.3	/	11.252
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(11.252 - 0)	/	11.252
	=	N/A %

Raffles Financial Group's Gross Margin for the quarter that ended in Mar. 2021 is calculated as

Gross Margin % (Q: Mar. 2021 )	=	Gross Profit (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	2.8	/	2.809
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.809 - 0.014)	/	2.809
	=	99.50 %

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.

Raffles Financial Group (XCNQ:RICH) 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

Raffles Financial Group had a gross margin of 99.50% for the quarter that ended in Mar. 2021 => 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.

Raffles Financial Group Gross Margin % Related Terms

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Raffles Financial Group (XCNQ:RICH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (XCNQ:RICH) » Definitions » Gross Margin %

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (XCNQ:RICH) Headlines

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