Esports Entertainment Group (Esports Entertainment Group) Gross Margin % : 73.32% (As of Dec. 2023)

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What is Esports Entertainment Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Esports Entertainment Group's Gross Profit for the three months ended in Dec. 2023 was $1.89 Mil. Esports Entertainment Group's Revenue for the three months ended in Dec. 2023 was $2.58 Mil. Therefore, Esports Entertainment Group's Gross Margin % for the quarter that ended in Dec. 2023 was 73.32%.

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

GMBL' s Gross Margin % Range Over the Past 10 Years
Min: 53.16 Med: 58.59 Max: 67.64
Current: 67.64

During the past 13 years, the highest Gross Margin % of Esports Entertainment Group was 67.64%. The lowest was 53.16%. And the median was 58.59%.

GMBL's Gross Margin % is ranked better than
78.75% of 767 companies
in the Travel & Leisure industry
Industry Median: 43.22 vs GMBL: 67.64

Esports Entertainment Group had a gross margin of 73.32% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Esports Entertainment Group was 0.00% per year.

Esports Entertainment Group Gross Margin % Historical Data

The historical data trend for Esports Entertainment Group'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.

Esports Entertainment Group Gross Margin % Chart

Esports Entertainment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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53.16

58.59

61.74

Esports Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															63.01	69.04	50.56	77.62	73.32

Competitive Comparison of Esports Entertainment Group's Gross Margin %

For the Gambling subindustry, Esports Entertainment Group'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.

Esports Entertainment Group's Gross Margin % Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Esports Entertainment Group's Gross Margin % falls into.

Esports Entertainment Group Gross Margin % Calculation

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

Esports Entertainment Group's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	14.2	/	22.966
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(22.966 - 8.787)	/	22.966
	=	61.74 %

Esports Entertainment Group's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.9	/	2.582
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.582 - 0.689)	/	2.582
	=	73.32 %

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.

Esports Entertainment Group (OTCPK:GMBL) 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

Esports Entertainment Group had a gross margin of 73.32% 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.

Esports Entertainment Group Gross Margin % Related Terms

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Esports Entertainment Group (Esports Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Esports Entertainment Group Inc (OTCPK:GMBL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block 6, Triq Paceville, St. Julians, Birkirkara, MLT, STJ 3109

Website

https://www.esportsentertainmentgroup.com

Esports Entertainment Group Inc is a full-service esports and online betting company. It focuses on three verticals: Games, iGaming, and Technology. EEG Games provides a wide array of services and infrastructure for businesses to engage esports and gaming communities around the world including Esports Gaming League (EGL), which hosts a community of more than 350,000 gamers on its proprietary tournament platform EGL.tv. EEG iGaming includes a number of award-winning brands covering traditional online sports book wagering needs as well as a multinational casino operator.

Executives

Robert Soper	director	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Michael J Villani	officer: Interim CFO and Controller	84 FESTIVAL CT., WHITE PLAINS NY 10603
Alex Igelman	officer: Chief Executive Officer	800 STEELES AVE W, SUITE B10245, THORNHILL A6 L4J 7L2
Jennifer Shera Pace	officer: Chief People Officer	FLAT 6, BLOCK D, IL-PJAZZA,, BIRBAL STREET, BALZAN O1 BZN9015
Grant Johnson	director, 10 percent owner, officer: Pres./Sec./Treas.	C/O SWISS MEDICA, 53 YONGE STREET, TORONTO A6 A1 M5E 1J3
Lydia Roy	officer: Secretary	9595 HIGHLAND POINTE PASS, DELRAY BEACH FL 33446
Mark Andrew Nielsen	director, officer: Director	5271 E SAGEWOOD DRIVE, BOISE ID 83716
Lefevre Adrien	officer: Chief Compliance Officer	170, PATER HOUSE,, LEVEL 1, PSAILA STREET, BIRKIRKARA O1 9077
Stuart James Tilly	officer: Chief Legal Officer	170 PATER HOUSE,, PSAILA STREET, BIRKIRKARA O1 BKR 9077
Warwick Winston Bartlett	director	ROSE COTTAGE,, 28 BOWLING GREEN ROAD, CASTLETOWN Y8 IM9 1EB
Daniel Michael Marks	officer: Chief Financial Officer	170 PETER HOUSE, PSAILA STREET, BIRKIKARA O1 BKR 9077
Damian Mathews	director	170 PETER HOUSE, PSAILA STREET, BIRKIRKARA O1 BRK 9077
James S Cardwell	officer: Interim CFO	CLINTON SQUARE, 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
John Clyde Brackens	officer: Chief Information Officer	66 EASTVILLE AVE, EASTVILLE SUBDIVISION, FILINVEST EAST HOMES, CAINTA, RIZAL R6 1900
Shawn Erickson	10 percent owner	280 NELSON STREET, SUITE 448, VANCOUVER A1 V6E 2E2