Binovi Technologies (Binovi Technologies) Gross Margin % : 94.74% (As of Feb. 2022)

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What is Binovi Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Binovi Technologies's Gross Profit for the three months ended in Feb. 2022 was $-0.05 Mil. Binovi Technologies's Revenue for the three months ended in Feb. 2022 was $-0.06 Mil. Therefore, Binovi Technologies's Gross Margin % for the quarter that ended in Feb. 2022 was 94.74%.

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

BNVIF's Gross Margin % is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 41.54
* Ranked among companies with meaningful Gross Margin % only.

Binovi Technologies had a gross margin of 94.74% for the quarter that ended in Feb. 2022 => Durable competitive advantage

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

Binovi Technologies Gross Margin % Historical Data

The historical data trend for Binovi 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.

Binovi Technologies Gross Margin % Chart

Binovi Technologies Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Gross Margin %

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86.08

56.44

85.31

71.90

71.23

Binovi Technologies Quarterly Data
	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22
Gross Margin %	Get a 7-Day Free Trial															70.90	68.18	92.00	71.11	94.74

Competitive Comparison of Binovi Technologies's Gross Margin %

For the Health Information Services subindustry, Binovi 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.

Binovi Technologies's Gross Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Binovi Technologies's Gross Margin % distribution charts can be found below:

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

Binovi Technologies Gross Margin % Calculation

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

Binovi Technologies's Gross Margin for the fiscal year that ended in Feb. 2022 is calculated as

Gross Margin % (A: Feb. 2022 )	=	Gross Profit (A: Feb. 2022 )	/	Revenue (A: Feb. 2022 )
	=	0.1	/	0.146
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.146 - 0.042)	/	0.146
	=	71.23 %

Binovi Technologies's Gross Margin for the quarter that ended in Feb. 2022 is calculated as

Gross Margin % (Q: Feb. 2022 )	=	Gross Profit (Q: Feb. 2022 )	/	Revenue (Q: Feb. 2022 )
	=	-0.1	/	-0.057
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(-0.057 - -0.003)	/	-0.057
	=	94.74 %

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.

Binovi Technologies (OTCPK:BNVIF) 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

Binovi Technologies had a gross margin of 94.74% for the quarter that ended in Feb. 2022 => Durable competitive advantage

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.

Binovi Technologies Gross Margin % Related Terms

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Binovi Technologies (Binovi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Binovi Technologies Corp (OTCPK:BNVIF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.binovi.com

Binovi Technologies Corp is engaged in the development and commercialization of visual and neuro-cognitive processing products and manufacturing hardware and software for diagnosing and remediating visual perception disorders. The company has three geographical segments; the United States, Canada, and Other. it derives a majority of its revenue from the United States.