Singing Machine Company Inc
NASDAQ:MICS
Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Singing Machine Company Inc
NASDAQ:MICS
|
7.9m USD |
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|
|
| JP |
|
Sony Group Corp
TSE:6758
|
21.2T JPY |
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|
|
| CH |
G
|
Garmin Ltd
NYSE:GRMN
|
41.2B USD |
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|
|
| JP |
|
Panasonic Holdings Corp
TSE:6752
|
5.7T JPY |
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|
|
| KR |
|
LG Electronics Inc
KRX:066570
|
21.1T KRW |
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|
|
| CN |
T
|
TCL Technology Group Corp
SZSE:000100
|
96.3B CNY |
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|
|
| IN |
|
Dixon Technologies (India) Ltd
NSE:DIXON
|
690.5B INR |
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|
|
| CN |
S
|
Shenzhen MTC Co Ltd
SZSE:002429
|
52.1B CNY |
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|
|
| CN |
|
Sichuan Changhong Electric Co Ltd
SSE:600839
|
45B CNY |
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|
|
| CN |
|
Hisense Visual Technology Co Ltd
SSE:600060
|
30.4B CNY |
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|
|
| JP |
|
Nikon Corp
TSE:7731
|
648.3B JPY |
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|
Market Distribution
| Min | -24 813% |
| 30th Percentile | 28.9% |
| Median | 43% |
| 70th Percentile | 60.5% |
| Max | 10 905 714.3% |
Other Profitability Ratios
Singing Machine Company Inc
Glance View
The Singing Machine Co., Inc. engages in the development, production, marketing, and distribution of consumer karaoke audio equipment, toy, accessories, music, and audio consumer electronic products. The company is headquartered in Fort Lauderdale, Florida and currently employs 33 full-time employees. The Company’s owned and licensed brands and products include Karaoke, Licensed Products, Microphones and Accessories, Singing Machine Kids Youth Electronics and Music Subscriptions. Its karaoke products are Bluetooth enabled to allow access to digital music content via the Company’s mobile apps available on iOS and Android platforms. Licensed products, which include brands such as Carpool Karaoke. Microphones and Accessories offers a line of traditional microphone accessories. The Company’s Kids line of products offers fun music entertainment features designed specifically for children. The firm offers karaoke music subscription services for the iOS and Android platforms as well as a Web-based download store and integrated streaming services for Singing Machine hardware.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for Singing Machine Company Inc is 21.2%, which is below its 3-year median of 22.3%.
Over the last 3 years, Singing Machine Company Inc’s Gross Margin has decreased from 26.9% to 21.2%. During this period, it reached a low of 21.2% on Apr 2, 2024 and a high of 26.9% on Mar 31, 2021.
