Tribe Property Technologies (TSXV:TRBE) Gross Margin % : 38.97% (As of Sep. 2023)

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What is Tribe Property Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tribe Property Technologies's Gross Profit for the three months ended in Sep. 2023 was C$1.87 Mil. Tribe Property Technologies's Revenue for the three months ended in Sep. 2023 was C$4.80 Mil. Therefore, Tribe Property Technologies's Gross Margin % for the quarter that ended in Sep. 2023 was 38.97%.

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

TSXV:TRBE' s Gross Margin % Range Over the Past 10 Years
Min: 27.75 Med: 38.92 Max: 54.29
Current: 54.29

During the past 3 years, the highest Gross Margin % of Tribe Property Technologies was 54.29%. The lowest was 27.75%. And the median was 38.92%.

TSXV:TRBE's Gross Margin % is ranked better than
66.89% of 1655 companies
in the Real Estate industry
Industry Median: 36.8 vs TSXV:TRBE: 54.29

Tribe Property Technologies had a gross margin of 38.97% for the quarter that ended in Sep. 2023 => Competition eroding margins

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

Tribe Property Technologies Gross Margin % Historical Data

The historical data trend for Tribe Property 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.

Tribe Property Technologies Gross Margin % Chart

Tribe Property Technologies Annual Data

Trend

Apr20

Dec21

Dec22

Gross Margin %

27.75

47.43

38.92

Tribe Property Technologies Quarterly Data
	Jan20	Apr20	Sep20	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial									35.02	38.14	39.24	-	38.97

Competitive Comparison of Tribe Property Technologies's Gross Margin %

For the Real Estate Services subindustry, Tribe Property 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.

Tribe Property Technologies's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tribe Property Technologies's Gross Margin % distribution charts can be found below:

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

Tribe Property Technologies Gross Margin % Calculation

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

Tribe Property Technologies'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 )
	=	6.9	/	17.813
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(17.813 - 10.88)	/	17.813
	=	38.92 %

Tribe Property Technologies'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 )
	=	1.9	/	4.799
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4.799 - 2.929)	/	4.799
	=	38.97 %

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.

Tribe Property Technologies (TSXV:TRBE) 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

Tribe Property Technologies had a gross margin of 38.97% for the quarter that ended in Sep. 2023 => Competition eroding margins

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.

Tribe Property Technologies Gross Margin % Related Terms

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Tribe Property Technologies (TSXV:TRBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tribe Property Technologies Inc (TSXV:TRBE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

TRPTF:USA

Address

1166 Alberni Street, Suite 1606, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.tribetech.com

Tribe Property Technologies Inc is a property technology company engaged in offering technology-enabled property management services to meet the needs of developers, condominium and residential communities, owners and residents. As a tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of stakeholders than traditional service providers. The company's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.

Tribe Property Technologies (TSXV:TRBE) Headlines

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