GoldMoney (GoldMoney) Gross Margin % : 37.45% (As of Dec. 2023)

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What is GoldMoney Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GoldMoney's Gross Profit for the three months ended in Dec. 2023 was $5.2 Mil. GoldMoney's Revenue for the three months ended in Dec. 2023 was $13.8 Mil. Therefore, GoldMoney's Gross Margin % for the quarter that ended in Dec. 2023 was 37.45%.

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

XAUMF' s Gross Margin % Range Over the Past 10 Years
Min: 1.07 Med: 2.1 Max: 9.01
Current: 8.04

During the past 11 years, the highest Gross Margin % of GoldMoney was 9.01%. The lowest was 1.07%. And the median was 2.10%.

XAUMF's Gross Margin % is ranked worse than
80.5% of 605 companies
in the Capital Markets industry
Industry Median: 48.7 vs XAUMF: 8.04

GoldMoney had a gross margin of 37.45% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for GoldMoney was 39.00% per year.

GoldMoney Gross Margin % Historical Data

The historical data trend for GoldMoney'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.

GoldMoney Gross Margin % Chart

GoldMoney Annual Data

Trend

Sep13

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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2.22

1.98

4.11

6.01

9.01

GoldMoney 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															25.63	5.14	7.27	32.62	37.45

Competitive Comparison of GoldMoney's Gross Margin %

For the Capital Markets subindustry, GoldMoney'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.

GoldMoney's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GoldMoney's Gross Margin % distribution charts can be found below:

* The bar in red indicates where GoldMoney's Gross Margin % falls into.

GoldMoney Gross Margin % Calculation

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

GoldMoney's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	21	/	232.93
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(232.93 - 211.951)	/	232.93
	=	9.01 %

GoldMoney'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 )
	=	5.2	/	13.768
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13.768 - 8.612)	/	13.768
	=	37.45 %

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.

GoldMoney (OTCPK:XAUMF) 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

GoldMoney had a gross margin of 37.45% for the quarter that ended in Dec. 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.

GoldMoney Gross Margin % Related Terms

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GoldMoney (GoldMoney) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GoldMoney Inc (OTCPK:XAUMF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

9BT0:Germany XAU:Canada

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.goldmoney.com

GoldMoney Inc is engaged in precious metal focused global business. It operates through subsidiaries and is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients, coin retailing, and lending. Goldmoney has a client base in more than a hundred countries and holds precious metal assets. The company's operating subsidiaries include Goldmoney.com and SchiffGold.com. In addition to the company's principal business segments, the company holds a significant interest in Mene Inc., which crafts pure 24-karat gold and platinum investment jewelry that is sold by gram weight. Through these businesses and other investment activities, the firm gains long-term exposure to precious metals.