NIP Group Inc (NIPG)
7.06
-0.14
(-1.94%)
USD |
NASDAQ |
Sep 27, 16:00
7.07
+0.01
(+0.14%)
After-Hours: 20:00
NIP Group Gross Profit Margin (Quarterly): 16.61% for Dec. 31, 2023
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| December 31, 2023 | 16.61% |
| Date | Value |
|---|---|
| December 31, 2022 | 27.98% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
16.61%
Minimum
Dec 2023
27.98%
Maximum
Dec 2022
22.30%
Average
22.30%
Median
Gross Profit Margin (Quarterly) Benchmarks
| Telia Company AB | 62.26% |
| Tele2 AB | 43.46% |
| Viaplay Group AB | 4.34% |
| Storytel AB | 44.42% |
| Sinch AB | 35.24% |