Drive Shack (Drive Shack) Gross Margin % : 94.31% (As of Sep. 2023)

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What is Drive Shack Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Drive Shack's Gross Profit for the three months ended in Sep. 2023 was $94.62 Mil. Drive Shack's Revenue for the three months ended in Sep. 2023 was $100.34 Mil. Therefore, Drive Shack's Gross Margin % for the quarter that ended in Sep. 2023 was 94.31%.

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

DSHKN.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 92.38 Med: 93.59 Max: 95.98
Current: 93.96

During the past 13 years, the highest Gross Margin % of Drive Shack was 95.98%. The lowest was 92.38%. And the median was 93.59%.

DSHKN.PFD's Gross Margin % is ranked better than
96.21% of 765 companies
in the Travel & Leisure industry
Industry Median: 43.19 vs DSHKN.PFD: 93.96

Drive Shack had a gross margin of 94.31% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Drive Shack was 0.40% per year.

Drive Shack Gross Margin % Historical Data

The historical data trend for Drive Shack'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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Drive Shack Gross Margin % Chart

Drive Shack Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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93.59

94.41

95.98

95.45

94.05

Drive Shack Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															94.38	93.56	93.86	94.03	94.31

Competitive Comparison of Drive Shack's Gross Margin %

For the Leisure subindustry, Drive Shack'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.

Drive Shack's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Drive Shack's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Drive Shack's Gross Margin % falls into.

Drive Shack Gross Margin % Calculation

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

Drive Shack's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	306.4	/	325.743
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(325.743 - 19.375)	/	325.743
	=	94.05 %

Drive Shack's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	94.6	/	100.336
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(100.336 - 5.713)	/	100.336
	=	94.31 %

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.

Drive Shack (OTCPK:DSHKN.PFD) 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

Drive Shack had a gross margin of 94.31% for the quarter that ended in Sep. 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.

Drive Shack Gross Margin % Related Terms

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Drive Shack (Drive Shack) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Drive Shack Inc (OTCPK:DSHKN.PFD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

DSHKO.PFD:USA DSHKP.PFD:USA DSHK:USA

Address

10670 N. Central Expressway, Suite 700, Dallas, TX, USA, 75231

Website

https://www.driveshack.com

Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues, and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment.