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Destiny Media Technologies's gross profit for the three months ended in Aug. 2024 was $0.96 Mil. Destiny Media Technologies's gross profit for the trailing twelve months (TTM) ended in Aug. 2024 was $3.81 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Destiny Media Technologies's gross profit for the three months ended in Aug. 2024 was $0.96 Mil. Destiny Media Technologies's Revenue for the three months ended in Aug. 2024 was $1.12 Mil. Therefore, Destiny Media Technologies's Gross Margin % for the quarter that ended in Aug. 2024 was 85.59%.
Destiny Media Technologies had a gross margin of 85.59% for the quarter that ended in Aug. 2024 => Durable competitive advantage
During the past 13 years, the highest Gross Margin % of Destiny Media Technologies was 91.86%. The lowest was 83.67%. And the median was 90.58%.
Warning Sign:
Destiny Media Technologies Inc gross margin has been in long-term decline. The average rate of decline per year is -1.6%.
The historical data trend for Destiny Media Technologies's Gross Profit 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.
Destiny Media Technologies Annual Data | |||||||||||||||||||||
Trend | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | Aug24 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 3.51 | 3.78 | 3.37 | 3.52 | 3.81 |
Destiny Media Technologies Quarterly Data | ||||||||||||||||||||
Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | |
Gross Profit | Get a 7-Day Free Trial | 0.92 | 0.99 | 0.85 | 1.01 | 0.96 |
For the Software - Application subindustry, Destiny Media Technologies's Gross Profit, along with its competitors' market caps and Gross Profit 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.
For the Software industry and Technology sector, Destiny Media Technologies's Gross Profit distribution charts can be found below:
* The bar in red indicates where Destiny Media Technologies's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Destiny Media Technologies's Gross Profit for the fiscal year that ended in Aug. 2024 is calculated as
Gross Profit (A: Aug. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 4.421 | - | 0.611 | |
= | 3.81 |
Destiny Media Technologies's Gross Profit for the quarter that ended in Aug. 2024 is calculated as
Gross Profit (Q: Aug. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 1.124 | - | 0.162 | |
= | 0.96 |
Gross Profit for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.81 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Destiny Media Technologies's Gross Margin % for the quarter that ended in Aug. 2024 is calculated as
Gross Margin % (Q: Aug. 2024 ) | = | Gross Profit (Q: Aug. 2024 ) | / | Revenue (Q: Aug. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 0.96 | / | 1.124 | |
= | 85.59 % |
* 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.
Destiny Media Technologies (OTCPK:DSNY) Gross Profit 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
Destiny Media Technologies had a gross margin of 85.59% for the quarter that ended in Aug. 2024 => Durable competitive advantage
Thank you for viewing the detailed overview of Destiny Media Technologies's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark A Graber | 10 percent owner | 2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503 |
Olya Massalitina | officer: Chief Financial Officer | 1911 - 271 FRANCIS WAY, NEW WESTMINSTER A1 V3L 0H2 |
David M. Mossberg | director | 1905 HAY MEADOW COURT, SOUTHLAKE TX 76092 |
Hyonmyong Cho | director | 961 PASEO DEL SUR, SANTA FE NM 87501 |
Fred Vandenberg | officer: Chief Financial Officer | 800-570 GRANVILLE STREET, VANCOUVER A1 V6C 3P1 |
Samuel Ritchie | officer: CFO | 24414 113 AVE, MAPLE RIDGE A1 V2W0H4 |
David Alexander Summers | director | C/O DESTINY MEDIA TECHNOLOGIES INC., 1110 - 885 W. GEORGIA STREET, VANCOUVER A1 V6C 3E8 |
Steve Vestergaard | director, 10 percent owner, officer: Chief Executive Officer | 650 350 CENTRE ROAD, LIONS BAY A1 V0N 2E0 |
Sandra Boenisch | officer: CFO | 51 WEST 52ND STREET, 7TH FLOOR, NEW YORK NY 10019 |
Samuel Jay Graber | director | 3139 CLEARFIELD DRIVE, SAN ANTONIO TX 78230 |
Haig S Bagerdjian | director | 2777 NORTH ONTARIO ST, BURBANK CA 91504 |
Dale Borland | officer: VP and COO of Subsidiary | SUITE 750, 650 WEST GEORGIA STREET, VANCOUVER A1 V6B 4N7 |
Edward Kolic | director | |
Yoshitaro Kumagai | director | 5255 STEVENS CREEK BLVD., #284, SANTA CLARA CA 95051 |
Lawrence Jeffrey Langs | director | 134 LA ESPIRAL ROAD, ORINDA CA 94563 |
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