Gross Margin % is calculated as gross profit divided by its revenue. Cohen's Gross Profit for the
three
months ended in Dec. 2023 was $18.13 Mil. Cohen's Revenue for the
three
months ended in Dec. 2023 was $34.46 Mil. Therefore, Cohen's Gross Margin % for the quarter that ended in Dec. 2023 was 52.60%.
The historical rank and industry rank for Cohen's Gross Margin % or its related term are showing as below:
COHN'
s Gross Margin % Range Over the Past 10 Years
Min: -13.3 Med: 45.18 Max: 53.96
Current: 37.22
During the past 13 years, the highestGross Margin % of Cohen was 53.96%. The lowest was -13.30%. And the median was 45.18%.
COHN's Gross Margin % is ranked worse than 59.17% of 605
companies
in the Capital Markets industry
Industry Median: 48.91
vs COHN: 37.22
Cohen had a gross margin of 52.60% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Cohen was 0.00% per year.
Cohen Gross Margin % Historical Data
The historical data trend for Cohen'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.
For the Capital Markets subindustry, Cohen'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.
Cohen's Gross Margin % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cohen's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Cohen'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.
Cohen (AMEX:COHN) 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
Cohen had a gross margin of 52.60% for the quarter that ended in Dec. 2023 => 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.
Cohen Gross Margin % Related Terms
Thank you for viewing the detailed overview of Cohen's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cohen & Co Inc is a United states company that delivers financial services in fixed income markets. It is focused on small-cap banking institutions and has grown to provide an expanding range of capital markets and asset management services. It has three business segments. The Capital Markets segment, which is the key revenue driver, consists of fixed income sales, trading, matched book repo financing, new issue placements in corporate and securitized products, and advisory services. The Asset Management segment manages assets within collateralized debt obligations, managed accounts, joint ventures, and investment funds. The Principal Investing segment is comprised of investments to earn return rather than to support trading, matched book repo, or other Capital Markets segment activities.
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