Market Cap : 22.77 B | Enterprise Value : 25.14 B | PE Ratio : 89.86 | PB Ratio : 2.35 |
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Gross Margin % is calculated as gross profit divided by its revenue. Take-Two Interactive Software's Gross Profit for the three months ended in Jun. 2022 was $667 Mil. Take-Two Interactive Software's Revenue for the three months ended in Jun. 2022 was $1,102 Mil. Therefore, Take-Two Interactive Software's Gross Margin % for the quarter that ended in Jun. 2022 was 60.48%.
The historical rank and industry rank for Take-Two Interactive Software's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Take-Two Interactive Software was 56.19%. The lowest was 26.60%. And the median was 42.71%.
TTWO's Gross Margin % is ranked worse thanTake-Two Interactive Software had a gross margin of 60.48% for the quarter that ended in Jun. 2022 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Take-Two Interactive Software was 5.30% per year.
The historical data trend for Take-Two Interactive Software'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 Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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 Interactive Media industry and Communication Services sector, Take-Two Interactive Software's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Take-Two Interactive Software's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Take-Two Interactive Software's Gross Margin for the fiscal year that ended in Mar. 2022 is calculated as
Gross Margin % (A: Mar. 2022 ) | = | Gross Profit (A: Mar. 2022 ) | / | Revenue (A: Mar. 2022 ) |
= | 1969.4 | / | 3504.8 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (3504.8 - 1535.401) | / | 3504.8 | |
= | 56.19 % |
Take-Two Interactive Software's Gross Margin for the quarter that ended in Jun. 2022 is calculated as
Gross Margin % (Q: Jun. 2022 ) | = | Gross Profit (Q: Jun. 2022 ) | / | Revenue (Q: Jun. 2022 ) |
= | 666.7 | / | 1102.4 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (1102.4 - 435.7) | / | 1102.4 | |
= | 60.48 % |
* 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.
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
Take-Two Interactive Software had a gross margin of 60.48% for the quarter that ended in Jun. 2022 => Durable competitive advantage
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 Take-Two Interactive Software's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gordon William B | director | |
Siminoff Ellen F | director | 555 ELLIS STREET MOUNTAIN VIEW CA 94043 |
Hernandez Roland A | director | 300 NORTH SAN RAFAEL AVE PASADENA CA 91105 |
Viera Paul E | director | C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 110 WEST 44TH STREET NEW YORK NY 10036 |
Srinivasan Laverne Evans | director | C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10012 |
Emerson Daniel P | officer: General Counsel | 622 BROADWAY NEW YORK NY 10012 |
Tolson Susan | director | C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10019 |
Feder Benjamim | officer: Chief Executive Officer | C/O ZELNICKMEDIA CORPORATION 650 5TH AVENUE NEW YORK NY 10019 |
Slatoff Karl | officer: Executive Vice President | C/O ZELNICKMEDIA CORPORATION 19 WEST 44TH STREET, 18TH FLOOR NEW YORK NY 10036 |
Icahn Brett | director | C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160 |
Nelson James Larry | director | 2747 PARADISE ROAD PH2804 LAS VEGAS NV 89109 |
Cho Sunghwan | director | C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160 |
Zelnick Strauss | director, officer: Executive Chairman | C/O ZELNICKMEDIA 650 FIFTH AVE 31ST FLOOR NEW YORK NY 10019 |
Goldstein Lainie | officer: Chief Financial Officer | C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10012 |
Krauss Seth D | officer: Exec VP and General Counsel | C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 222 BROADWAY NEW YORK NY 10012 |
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