WeCommerce Holdings (TSXV:WE) Gross Profit : C$17.87 Mil (TTM As of Dec. 2022)

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What is WeCommerce Holdings Gross Profit?

WeCommerce Holdings's gross profit for the three months ended in Dec. 2022 was C$5.42 Mil. WeCommerce Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2022 was C$17.87 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. WeCommerce Holdings's gross profit for the three months ended in Dec. 2022 was C$5.42 Mil. WeCommerce Holdings's Revenue for the three months ended in Dec. 2022 was C$13.30 Mil. Therefore, WeCommerce Holdings's Gross Margin % for the quarter that ended in Dec. 2022 was 40.71%.

WeCommerce Holdings had a gross margin of 40.71% for the quarter that ended in Dec. 2022 => Durable competitive advantage

WeCommerce Holdings Gross Profit Historical Data

The historical data trend for WeCommerce Holdings'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.

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WeCommerce Holdings Gross Profit Chart

WeCommerce Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Profit

5.00

8.73

18.52

17.88

WeCommerce Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Gross Profit	Get a 7-Day Free Trial									5.76	5.01	3.26	4.19	5.42

Competitive Comparison of WeCommerce Holdings's Gross Profit

For the Software - Application subindustry, WeCommerce Holdings'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.

WeCommerce Holdings's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, WeCommerce Holdings's Gross Profit distribution charts can be found below:

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

WeCommerce Holdings Gross Profit Calculation

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

WeCommerce Holdings's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	48.472	-	30.597
	=	17.88

WeCommerce Holdings's Gross Profit for the quarter that ended in Dec. 2022 is calculated as

Gross Profit (Q: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	13.3	-	7.885
	=	5.42

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$17.87 Mil.

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

WeCommerce Holdings's Gross Margin % for the quarter that ended in Dec. 2022 is calculated as

Gross Margin % (Q: Dec. 2022 )	=	Gross Profit (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	5.42	/	13.3
	=	40.71 %

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.

WeCommerce Holdings (TSXV:WE) 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

WeCommerce Holdings had a gross margin of 40.71% for the quarter that ended in Dec. 2022 => Durable competitive advantage

WeCommerce Holdings Gross Profit Related Terms

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WeCommerce Holdings (TSXV:WE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WeCommerce Holdings Ltd (TSXV:WE) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

329 Howe Street, PMB 2066, Victoria, BC, CAN, V6C 3N2

Website

https://www.wecommerce.co

WeCommerce Holdings Ltd is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The company's primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants. The company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. Its segments include Themes, Apps and Agency.

WeCommerce Holdings (TSXV:WE) Headlines

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