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Gross Margin % is calculated as gross profit divided by its revenue. Churchill Capital II's Gross Profit for the three months ended in Jan. 2024 was $99.08 Mil. Churchill Capital II's Revenue for the three months ended in Jan. 2024 was $137.54 Mil. Therefore, Churchill Capital II's Gross Margin % for the quarter that ended in Jan. 2024 was 72.04%.
The historical rank and industry rank for Churchill Capital II's Gross Margin % or its related term are showing as below:
During the past 4 years, the highest Gross Margin % of Churchill Capital II was 81.32%. The lowest was 72.32%. And the median was 72.62%.
Churchill Capital II had a gross margin of 72.04% for the quarter that ended in Jan. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Churchill Capital II was 0.00% per year.
The historical data trend for Churchill Capital II'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.
Churchill Capital II Annual Data | |||||||||
Trend | Dec19 | Jan20 | Jan23 | Jan24 | |||||
Gross Margin % | - | 81.32 | 72.62 | 72.32 |
Churchill Capital II Quarterly Data | ||||||||||||||||||
Apr19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jul21 | Oct21 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Gross Margin % | Get a 7-Day Free Trial | 69.82 | 72.10 | 71.34 | 73.80 | 72.04 |
For the Education & Training Services subindustry, Churchill Capital II'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.
For the Education industry and Consumer Defensive sector, Churchill Capital II's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Churchill Capital II's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Churchill Capital II's Gross Margin for the fiscal year that ended in Jan. 2024 is calculated as
Gross Margin % (A: Jan. 2024 ) | = | Gross Profit (A: Jan. 2024 ) | / | Revenue (A: Jan. 2024 ) |
= | 400.1 | / | 553.237 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (553.237 - 153.157) | / | 553.237 | |
= | 72.32 % |
Churchill Capital II's Gross Margin for the quarter that ended in Jan. 2024 is calculated as
Gross Margin % (Q: Jan. 2024 ) | = | Gross Profit (Q: Jan. 2024 ) | / | Revenue (Q: Jan. 2024 ) |
= | 99.1 | / | 137.54 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (137.54 - 38.459) | / | 137.54 | |
= | 72.04 % |
* 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.
Churchill Capital II (NYSE:CCX.U) 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
Churchill Capital II had a gross margin of 72.04% for the quarter that ended in Jan. 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.
Thank you for viewing the detailed overview of Churchill Capital II's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew Glitzer | officer: CHIEF REVENUE OFFICER | 300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062 |
Jose Torres | officer: Chief Accounting Officer | 1300 W. 120TH AVENUE, WESTMINSTER CO 80234 |
Ciara Harrington | officer: Interim Chief People Officer | C/O SKILLSOFT CORP., 300 INNOVATION WAY, SUITE 201, NASHUA NH 03062-5746 |
Kristi Hummel | officer: Chief People Officer | 300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062 |
Zachary Sims | officer: GM Tech & Dev, CEO Codecademy | 575 BROADWAY, 5TH FLOOR, NEW YORK NY 10012 |
Gary W Ferrera | officer: Chief Financial Officer | 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042 |
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Naspers Ltd | director, 10 percent owner | NASPERS CENTRE PO BOX 2271, CAPETOWN 8000, SOUTH AFRICA T3 00000 |
N.v. Prosus | director, 10 percent owner | SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS |
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Helena Foulkes | director | ONE CVS DRIVE, WOONSOCKET RI 02895 |
Richard Walker | officer: Chief Strategy & Corp Dev Ofc | C/O SERVICESOURCE INTERNATIONAL, INC., 717 17TH STREET, 5TH FLOOR, DENVER CO 80202 |
Lawrence Charles Illg | director | SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS |
Eric P Stine | officer: Chief Revenue Officer | 6363 S. FIDDLER'S GREEN CIRCLE, SUITE 1400, GREENWOOD VILLAGE CO 80111 |
Peter Schmitt | director | 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019 |
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