GURUFOCUS.COM » STOCK LIST » Technology » Software » Bowmo Inc (OTCPK:BOMO) » Definitions » Gross Margin %

Bowmo (BOMO) Gross Margin % : 0.00% (As of Sep. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Bowmo Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bowmo's Gross Profit for the three months ended in Sep. 2023 was $0.06 Mil. Bowmo's Revenue for the three months ended in Sep. 2023 was $0.06 Mil. Therefore, Bowmo's Gross Margin % for the quarter that ended in Sep. 2023 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.


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

BOMO' s Gross Margin % Range Over the Past 10 Years
Min: 59.14   Med: 66.7   Max: 74.26
Current: 73.53

During the past 2 years, the highest Gross Margin % of Bowmo was 74.26%. The lowest was 59.14%. And the median was 66.70%.

BOMO's Gross Margin % is ranked better than
81.47% of 2633 companies
in the Software industry
Industry Median: 41.79 vs BOMO: 73.53

Bowmo had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

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

Bowmo Gross Margin % Historical Data

The historical data trend for Bowmo'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.

Bowmo Gross Margin % Chart

Bowmo Annual Data
Trend Dec21 Dec22
Gross Margin %
74.26 59.14

Bowmo Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross Margin % Get a 7-Day Free Trial - 25.00 - - -

Competitive Comparison of Bowmo's Gross Margin %

For the Software - Application subindustry, Bowmo'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.

Bowmo's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Bowmo's Gross Margin % distribution charts can be found below:

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


Bowmo Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Bowmo's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=0.1 / 0.186
=(Revenue - Cost of Goods Sold) / Revenue
=(0.186 - 0.076) / 0.186
=59.14 %

Bowmo's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0.1 / 0.062
=(Revenue - Cost of Goods Sold) / Revenue
=(0.062 - 0) / 0.062
=N/A %

* 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.

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.

Bowmo  (OTCPK:BOMO) 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

Bowmo had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable 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.

Bowmo Gross Margin % Related Terms

Thank you for viewing the detailed overview of Bowmo's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bowmo (BOMO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Bowmo Inc (OTCPK:BOMO) » Definitions » Gross Margin %
Comparable Companies
Traded in Other Exchanges
N/A
Address
99 Wall Street, Suite 891, New York, NY, USA, 10005
Website
https://www.bowmo.com
Bowmo Inc is a virtual sourcing and engagement platform. It is the AI recruiting platform that Empowers recruiters to connect the best candidates with ease to choose the best candidates at the right time.