The historical rank and industry rank for Michman Finance's Gross Margin % or its related term are showing as below:
XTAE:MCMN'
s Gross Margin % Range Over the Past 10 Years
Min: 51.09 Med: 63.17 Max: 70.55
Current: 64.46
During the past 5 years, the highestGross Margin % of Michman Finance was 70.55%. The lowest was 51.09%. And the median was 63.17%.
XTAE:MCMN's Gross Margin % is ranked better than 62.61% of 353
companies
in the Credit Services industry
Industry Median: 53.17
vs XTAE:MCMN: 64.46
Michman Finance had a gross margin of 60.68% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Michman Finance was 0.00% per year.
Michman Finance Gross Margin % Historical Data
The historical data trend for Michman Finance'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.
Competitive Comparison of Michman Finance's Gross Margin %
For the Credit Services subindustry, Michman Finance'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.
Michman Finance's Gross Margin % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Michman Finance's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Michman Finance's Gross Margin % falls into.
* 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.
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
Michman Finance had a gross margin of 60.68% for the quarter that ended in Mar. 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.
Michman Finance Gross Margin % Related Terms
Thank you for viewing the detailed overview of Michman Finance's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michman Finance Ltd is engaged in providing a variety of loans and non-bank services to businesses. The products of the company comprise Discount checks, Extended license, Import financing, Business Mediation loans, and Extended license, among others.
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