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Barfresh Food Group's gross profit for the three months ended in Dec. 2023 was $0.64 Mil. Barfresh Food Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2.88 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Barfresh Food Group's gross profit for the three months ended in Dec. 2023 was $0.64 Mil. Barfresh Food Group's Revenue for the three months ended in Dec. 2023 was $1.92 Mil. Therefore, Barfresh Food Group's Gross Margin % for the quarter that ended in Dec. 2023 was 33.40%.
Barfresh Food Group had a gross margin of 33.40% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highest Gross Margin % of Barfresh Food Group was 56.36%. The lowest was 15.72%. And the median was 42.43%.
Warning Sign:
Barfresh Food Group Inc gross margin has been in long-term decline. The average rate of decline per year is -13.9%.
The historical data trend for Barfresh Food Group's Gross Profit 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.
Barfresh Food Group Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 2.31 | 0.76 | 2.51 | 1.44 | 2.88 |
Barfresh Food Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Profit | Get a 7-Day Free Trial | 0.52 | 0.86 | 0.47 | 0.91 | 0.64 |
For the Beverages - Non-Alcoholic subindustry, Barfresh Food Group'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.
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Barfresh Food Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Barfresh Food Group's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Barfresh Food Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 8.127 | - | 5.243 | |
= | 2.88 |
Barfresh Food Group's Gross Profit for the quarter that ended in Dec. 2023 is calculated as
Gross Profit (Q: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 1.922 | - | 1.28 | |
= | 0.64 |
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.88 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Barfresh Food Group'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 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 0.64 | / | 1.922 | |
= | 33.40 % |
* 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.
Barfresh Food Group (NAS:BRFH) 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
Barfresh Food Group had a gross margin of 33.40% for the quarter that ended in Dec. 2023 => Competition eroding margins
Thank you for viewing the detailed overview of Barfresh Food Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Lisa Roger | officer: CHIEF FINANCIAL OFFICER | 3600 WILSHIRE BOULEVARD SUITE 1720, LOS ANGELES CA 90010 |
Lazarus Investment Partners Lllp | 10 percent owner | C/O IBEX INVESTORS LLC, 260 NORTH JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Lazarus Macro Micro Partners Lllp | 10 percent owner | 260 N. JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Joseph M. Cugine | director | 16859 CAMINETTO COURT, NAPLES, NAPLES FL 34110 |
Delle Coste Riccardo | director, 10 percent owner, officer: Chief Executive Officer | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Raffi Loussararian | officer: PRINCIPAL ACCOUNTING OFFICER | 3600 WILSHIRE BLVD, SUITE 1720, LOS ANGELES CA 90010 |
Lazarus Management Co Llc | 10 percent owner | 260 N. JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Alice Elliot | director | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Isabelle Ortiz-cochet | director | 2 ALLEE DE LONGCHAMP, SURESNES I0 92150 |
Nibel | 10 percent owner | 2 ALLEE DE LONGCHAMP, SURESNES I0 92150 |
Bruno Schoch | director | 2 ALLEE DE LONGCHAMP, SURESNES I0 92150 |
Steven Lang | director, 10 percent owner | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Alexander H Ware | director | 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402 |
Joseph S. Tesoriero | officer: Chief Financial Officer | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Arnold Tinter | director, officer: CFO, Secretary | 8530 WILSHIRE BLVD, SUITE 450, BEVERLY HILLS CA 90211 |
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