Trxade Health (Trxade Health) Gross Margin % : -95.62% (As of Dec. 2023)

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What is Trxade Health Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Trxade Health's Gross Profit for the three months ended in Dec. 2023 was $-2.25 Mil. Trxade Health's Revenue for the three months ended in Dec. 2023 was $2.35 Mil. Therefore, Trxade Health's Gross Margin % for the quarter that ended in Dec. 2023 was -95.62%.

Warning Sign:

Trxade Health Inc gross margin has been in long-term decline. The average rate of decline per year is -14.3%.

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

MEDS' s Gross Margin % Range Over the Past 10 Years
Min: 29.84 Med: 65.51 Max: 99.36
Current: 29.84

During the past 13 years, the highest Gross Margin % of Trxade Health was 99.36%. The lowest was 29.84%. And the median was 65.51%.

MEDS's Gross Margin % is ranked worse than
67.05% of 607 companies
in the Healthcare Providers & Services industry
Industry Median: 41.4 vs MEDS: 29.84

Trxade Health had a gross margin of -95.62% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Trxade Health was -14.30% per year.

Trxade Health Gross Margin % Historical Data

The historical data trend for Trxade 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.

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Trxade Health Gross Margin % Chart

Trxade Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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65.51

33.33

47.99

53.84

31.41

Trxade Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															67.24	69.26	73.08	82.85	-95.62

Competitive Comparison of Trxade Health's Gross Margin %

For the Pharmaceutical Retailers subindustry, Trxade 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.

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

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

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

Trxade Health Gross Margin % Calculation

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

Trxade Health's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	2.6	/	8.272
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8.272 - 5.674)	/	8.272
	=	31.41 %

Trxade Health's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-2.2	/	2.352
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.352 - 4.601)	/	2.352
	=	-95.62 %

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.

Trxade Health (NAS:MEDS) 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

Trxade Health had a gross margin of -95.62% for the quarter that ended in Dec. 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.

Trxade Health Gross Margin % Related Terms

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Trxade Health (Trxade Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Trxade Health Inc (NAS:MEDS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2420 Brunello Trace., Lutz, FL, USA, 33558

Website

https://www.rx.trxade.com

Trxade Health Inc is a health service IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey, and patient engagement in the U.S. Its product and services include Integra Pharma Solutions, LLC, Community Specialty Pharmacy, LLC, Delivmeds.com, Bonum Health Hub and Application, and others. its business is classified into reportable segments which are Trxade, Inc, Community Specialty Pharmacy, LLC, Integra Pharma, LLC, and Other, and the majority of the revenue comes from Trxade, Inc.

Executives

A. Jeffrey Newell	director	645 CAMP DIXIE RD, PASCOAG RI 02859
Donald G. Fell	director	17537 DARBY LANE, LUTZ FL 33558
Janet Huffman	officer: CFO, PAO, PFO	5317 FRUITVILLE RD SUITE 6, SARASOTA FL 34232
Michael L Peterson	director	17 CANARY COURT, DANVILLE CA 94526
Christine L. Jennings	director	3840 LAND O' LAKES BLVD., LAND O' LAKES FL 34639
Prashant Patel	director, 10 percent owner, officer: President	17537 DARBY LANE, LUTZ FL 33558
Pamela Tenaerts	director	PO BOX 15012, SARASOTA FL 34277
Gary Augusta	director	700 NORTH BRAND BLVD., SUITE 1400, GLENDALE CA 91203
Howard A. Doss	officer: CFO	17537 DARBY LANE, LUTZ FL 90067
Surendra K Ajjarapu	director, 10 percent owner, officer: CEO	8604 BUTTON BUSH CT, TAMPA FL 33647
Donald V. Almeida	director	1115 GUNN HIGHWAY, SUITE 202, ODESSA FL 33556
Charles L Pope	director	4902 EISENHOWER BOULEVARD, TAMPA FL 33634
Sandhya Ajjarapu	10 percent owner	17537 DARBY LANE, LUTZ FL 33558