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Galaxy Entertainment Group Gross Margin %

: 57.69% (As of Jun. 2021)
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Gross Margin % is calculated as gross profit divided by its revenue. Galaxy Entertainment Group's Gross Profit for the six months ended in Jun. 2021 was $792 Mil. Galaxy Entertainment Group's Revenue for the six months ended in Jun. 2021 was $1,373 Mil. Therefore, Galaxy Entertainment Group's Gross Margin % for the quarter that ended in Jun. 2021 was 57.69%.


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

OTCPK:GXYYY' s Gross Margin % Range Over the Past 10 Years
Min: 25.07   Med: 39.82   Max: 57.55
Current: 57.55

25.07
57.55

During the past 13 years, the highest Gross Margin % of Galaxy Entertainment Group was 57.55%. The lowest was 25.07%. And the median was 39.82%.

OTCPK:GXYYY's Gross Margin % is ranked higher than
72% of the 800 Companies
in the Travel & Leisure industry.

( Industry Median: 38.22 vs. OTCPK:GXYYY: 57.55 )

Galaxy Entertainment Group had a gross margin of 57.69% for the quarter that ended in Jun. 2021 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Galaxy Entertainment Group was 8.20% per year.


Galaxy Entertainment Group Gross Margin % Historical Data

The historical data trend for Galaxy 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.

Galaxy Entertainment Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.62 52.18 51.42 54.58 56.07

Galaxy Entertainment Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.77 55.40 54.74 57.31 57.69

Competitive Comparison

For the Resorts & Casinos subindustry, Galaxy 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.

   

Galaxy Entertainment Group Gross Margin % Distribution

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

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



Galaxy Entertainment Group Gross Margin % Calculation

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

Galaxy Entertainment Group's Gross Margin for the fiscal year that ended in Dec. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )=Gross Profit (A: Dec. 2020 ) / Revenue (A: Dec. 2020 )
=931.3 / 1661.0249100221
=(Revenue - Cost of Goods Sold) / Revenue
=(1661.0249100221 - 729.69775151898) / 1661.0249100221
=56.07 %

Galaxy Entertainment Group's Gross Margin for the quarter that ended in Jun. 2021 is calculated as


Gross Margin % (Q: Jun. 2021 )=Gross Profit (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=792.4 / 1373.4848035868
=(Revenue - Cost of Goods Sold) / Revenue
=(1373.4848035868 - 581.06278263782) / 1373.4848035868
=57.69 %

* 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.


Galaxy Entertainment Group  (OTCPK:GXYYY) 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

Galaxy Entertainment Group had a gross margin of 57.69% for the quarter that ended in Jun. 2021 => 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.


Galaxy Entertainment Group Gross Margin % Related Terms

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


Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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