Nova Leap Health (TSXV:NLH) Gross Margin % : 37.37% (As of Sep. 2023)

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What is Nova Leap Health Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Nova Leap Health's Gross Profit for the three months ended in Sep. 2023 was C$3.31 Mil. Nova Leap Health's Revenue for the three months ended in Sep. 2023 was C$8.87 Mil. Therefore, Nova Leap Health's Gross Margin % for the quarter that ended in Sep. 2023 was 37.37%.

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

TSXV:NLH' s Gross Margin % Range Over the Past 10 Years
Min: 32.04 Med: 33.92 Max: 37.74
Current: 36.25

During the past 7 years, the highest Gross Margin % of Nova Leap Health was 37.74%. The lowest was 32.04%. And the median was 33.92%.

TSXV:NLH's Gross Margin % is ranked worse than
57.47% of 609 companies
in the Healthcare Providers & Services industry
Industry Median: 41.4 vs TSXV:NLH: 36.25

Nova Leap Health had a gross margin of 37.37% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Nova Leap Health was 0.90% per year.

Nova Leap Health Gross Margin % Historical Data

The historical data trend for Nova Leap Health'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.

Nova Leap Health Gross Margin % Chart

Nova Leap Health Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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32.04

33.58

33.92

33.89

35.37

Nova Leap Health Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															35.66	35.59	35.20	36.84	37.37

Competitive Comparison of Nova Leap Health's Gross Margin %

For the Medical Care Facilities subindustry, Nova Leap Health'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.

Nova Leap Health's Gross Margin % Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Nova Leap Health's Gross Margin % falls into.

Nova Leap Health Gross Margin % Calculation

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

Nova Leap Health'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 )
	=	13.6	/	38.316
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(38.316 - 24.765)	/	38.316
	=	35.37 %

Nova Leap Health'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 )
	=	3.3	/	8.868
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8.868 - 5.554)	/	8.868
	=	37.37 %

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.

Nova Leap Health (TSXV:NLH) 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

Nova Leap Health had a gross margin of 37.37% for the quarter that ended in Sep. 2023 => Competition eroding margins

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.

Nova Leap Health Gross Margin % Related Terms

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Nova Leap Health (TSXV:NLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Leap Health Corp (TSXV:NLH) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

NVLPF:USA

Address

7071 Bayers Road, Suite 3006, Halifax, NS, CAN, B3L 2C2

Website

https://www.novaleaphealth.com

Nova Leap Health Corp operates in the healthcare industry. The company is a provider of personal home care and support services. The principal business activities of the company and its subsidiaries are to provide skilled and non-medical home care to clients. Its service offering includes meal preparation, housekeeping, transportation, personal care, and medication reminders. Its segments comprise Canadian and U.S operations. The company derives a majority of its revenue from the United States.

Executives

Christopher Donald Dobbin

Director, Senior Officer

Nova Leap Health (TSXV:NLH) Headlines

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