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Asmodee implied distribution gross margin, Asmodee year to year-end 2025-year to year-end 2026 (Apr-Mar)

Asmodee year to year-end 2025-year to year-end 2026 (Apr-Mar)

EstimateOur model or estimate. Treat it as an order of magnitude.

This figure has been replaced. See A test of whether Asmodee's distribution margin can be worked out from its group gross margin.

What this is

ASSUMPTION: segment margins constant across the two years; TCG line includes some own-published TCG.

The values

  • Estimate: Asmodee gross margin on distributed card game: 0.33 to 0.36
  • Implied s / Asmodee sell price (1 - g): 0.64 to 0.67

Some detail is too fine to show here; it is kept in the trainer’s notes.

Where it comes from

Our calculation from other figures in the trainer’s notes.

Show the working
  1. Python on A-tier lines: (1,368,762 - 756,727)/1,368,762 = 0.4471
  2. (1,683,562 - 968,706)/1,683,562 = 0.4246
  3. Two-period split with constant segment margins: TCG share 695,992/1,368,762 = 0.5085 and 1,020,451/1,683,562 = 0.6061 -> …