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Greenlane Holdings Gross Profit

: $29.4 Mil (TTM As of Mar. 2020)
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Greenlane Holdings's gross profit for the three months ended in Mar. 2020 was $7.3 Mil. Greenlane Holdings's gross profit for the trailing twelve months (TTM) ended in Mar. 2020 was $29.4 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Greenlane Holdings's gross profit for the three months ended in Mar. 2020 was $7.3 Mil. Greenlane Holdings's Revenue for the three months ended in Mar. 2020 was $33.9 Mil. Therefore, Greenlane Holdings's Gross Margin % for the quarter that ended in Mar. 2020 was 21.64%.

Greenlane Holdings had a gross margin of 21.64% for the quarter that ended in Mar. 2020 => Competition eroding margins

During the past 3 years, the highest Gross Margin % of Greenlane Holdings was 23.31%. The lowest was 16.80%. And the median was 19.97%.


Greenlane Holdings Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Greenlane Holdings Annual Data
Dec17 Dec18 Dec19
Gross Profit 20.57 35.74 31.09

Greenlane Holdings Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.99 9.15 6.44 6.51 7.33

Competitive Comparison
* 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.


Greenlane Holdings Gross Profit Distribution

* The bar in red indicates where Greenlane Holdings's Gross Profit falls into.



Greenlane Holdings Gross Profit Calculation

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

Greenlane Holdings's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as

Gross Profit (A: Dec. 2019 )=Revenue - Cost of Goods Sold
=185.006 - 153.916
=31.1

Greenlane Holdings's Gross Profit for the quarter that ended in Mar. 2020 is calculated as

Gross Profit (Q: Mar. 2020 )=Revenue - Cost of Goods Sold
=33.868 - 26.539
=7.3

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2020 was 9.151 (Jun. 2019 ) + 6.438 (Sep. 2019 ) + 6.514 (Dec. 2019 ) + 7.329 (Mar. 2020 ) = $29.4 Mil.

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

Greenlane Holdings's Gross Margin % for the quarter that ended in Mar. 2020 is calculated as

Gross Margin % (Q: Mar. 2020 )=Gross Profit (Q: Mar. 2020 ) / Revenue (Q: Mar. 2020 )
=(Revenue - Cost of Goods Sold) / Revenue
=7.3 / 33.868
=21.64 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Greenlane Holdings  (NAS:GNLN) 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

Greenlane Holdings had a gross margin of 21.64% for the quarter that ended in Mar. 2020 => Competition eroding margins


Greenlane Holdings Gross Profit Related Terms


Greenlane Holdings Gross Profit Headlines

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