FintechWerx International Software Services (XCNQ:WERX) Gross Profit : C$-0.04 Mil (TTM As of Oct. 2023)

FintechWerx International Software Services Gross Profit Chart

Competitive Comparison of FintechWerx International Software Services's Gross Profit

For the Software - Infrastructure subindustry, FintechWerx International Software Services's Gross Profit, along with its competitors' market caps and Gross Profit 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.

FintechWerx International Software Services's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, FintechWerx International Software Services's Gross Profit distribution charts can be found below:

* The bar in red indicates where FintechWerx International Software Services's Gross Profit falls into.

FintechWerx International Software Services Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

FintechWerx International Software Services's Gross Profit for the fiscal year that ended in Apr. 2023 is calculated as

FintechWerx International Software Services's Gross Profit for the quarter that ended in Oct. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.04 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

FintechWerx International Software Services's Gross Margin % for the quarter that ended in Oct. 2023 is calculated as

* 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.

FintechWerx International Software Services  (XCNQ:WERX) Gross Profit 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

FintechWerx International Software Services had a gross margin of -30.95% for the quarter that ended in Oct. 2023 => No sustainable competitive advantage

FintechWerx International Software Services Gross Profit Related Terms

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FintechWerx International Software Services (XCNQ:WERX) Business Description