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Duck Creek Technologies Gross Margin %

: 55.68% (As of May. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Duck Creek Technologies's Gross Profit for the three months ended in May. 2022 was $40.3 Mil. Duck Creek Technologies's Revenue for the three months ended in May. 2022 was $72.4 Mil. Therefore, Duck Creek Technologies's Gross Margin % for the quarter that ended in May. 2022 was 55.68%.


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

DCT' s Gross Margin % Range Over the Past 10 Years
Min: 54.09   Med: 57.86   Max: 59.71
Current: 57.39


During the past 5 years, the highest Gross Margin % of Duck Creek Technologies was 59.71%. The lowest was 54.09%. And the median was 57.86%.

DCT's Gross Margin % is ranked better than
61.04% of 2492 companies
in the Software industry
Industry Median: 45.54 vs DCT: 57.39

Duck Creek Technologies had a gross margin of 55.68% for the quarter that ended in May. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Duck Creek Technologies was 0.00% per year.


Duck Creek Technologies Gross Margin % Historical Data

The historical data trend for Duck Creek Technologies'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.

* Premium members only.

Duck Creek Technologies Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21
Gross Margin %
59.55 59.71 57.86 54.09 57.72

Duck Creek Technologies Quarterly Data
Aug17 Aug18 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.15 57.99 57.84 58.01 55.68

Competitive Comparison

For the Software - Application subindustry, Duck Creek Technologies'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.

   

Duck Creek Technologies Gross Margin % Distribution

For the Software industry and Technology sector, Duck Creek Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Duck Creek Technologies's Gross Margin % falls into.



Duck Creek Technologies Gross Margin % Calculation

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

Duck Creek Technologies's Gross Margin for the fiscal year that ended in Aug. 2021 is calculated as

Gross Margin % (A: Aug. 2021 )=Gross Profit (A: Aug. 2021 ) / Revenue (A: Aug. 2021 )
=150.3 / 260.35
=(Revenue - Cost of Goods Sold) / Revenue
=(260.35 - 110.086) / 260.35
=57.72 %

Duck Creek Technologies's Gross Margin for the quarter that ended in May. 2022 is calculated as


Gross Margin % (Q: May. 2022 )=Gross Profit (Q: May. 2022 ) / Revenue (Q: May. 2022 )
=40.3 / 72.364
=(Revenue - Cost of Goods Sold) / Revenue
=(72.364 - 32.069) / 72.364
=55.68 %

* 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.


Duck Creek Technologies  (NAS:DCT) 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

Duck Creek Technologies had a gross margin of 55.68% for the quarter that ended in May. 2022 => 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.


Duck Creek Technologies Gross Margin % Related Terms

Thank you for viewing the detailed overview of Duck Creek Technologies's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Duck Creek Technologies Business Description

Duck Creek Technologies logo
Traded in Other Exchanges
N/A
Address
22 Boston Wharf Road, Floor 10, Boston, MA, USA, 02210
Duck Creek Technologies Inc is a technology company. The company is one of the leading SaaS provider of core systems for the P&C insurance industry. The product portfolio includes distribution management, reinsurance management, digital management, and other services. Geographically, it derives a majority of revenue from the United States.
Executives
Keeney Jessica Kate officer: Chief Product Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD BOSTON MA 02210
Rhodes Kevin R officer: Chief Financial Officer 20 HARVARD MILLS SQUARE WAKEFIELD MA 01880
Bloom William A director ONE TOWER SQUARE HARTFORD CT 06183
Winter Jeffrey Howard officer: Chief Marketing Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Vaidyanathan Nageswaran officer: Chief Technology Officer C/O DUCK CREEK TECHNOLOGIES INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Townsend Courtney officer: Chief People Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD BOSTON MA 02210
Dodd Julie director C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Foster Matthew R. officer: Chief Operating Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Disco (guernsey) Gp Co. Ltd director BOX 656, EAST WING, TRAFALGAR COURT LES BANQUES, ST PETER PORT Y7 GY1 3PP
Nicoll Stuart director C/O ACCENTURE, 161 N. CLARK STREET CHICAGO IL 60601
Fitzgerald Scott officer: Chief Marketing Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Dey Anirban officer: Chief Product & Technology Ofc C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Jackowski Michael A. director, officer: Chief Executive Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Van Biert Eugene Jr. officer: Chief Revenue Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Wilson George Larry director C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210

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