Altitude International Holdings (Altitude International Holdings) Gross Margin % : -34.82% (As of Dec. 2022)

Altitude International Holdings Gross Margin % Chart

Altitude International Holdings Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Gross Margin %	Get a 7-Day Free Trial					105.59	67.20	36.80	63.58	-34.82

Competitive Comparison of Altitude International Holdings's Gross Margin %

For the Leisure subindustry, Altitude International Holdings'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.

Altitude International Holdings's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Altitude International Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Altitude International Holdings's Gross Margin % falls into.

Altitude International Holdings Gross Margin % Calculation

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

Altitude International Holdings's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Altitude International Holdings's Gross Margin for the quarter that ended in Dec. 2022 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.

Altitude International Holdings  (OTCPK:ALTD) 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

Altitude International Holdings had a gross margin of -34.82% for the quarter that ended in Dec. 2022 => 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.

Altitude International Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of Altitude International Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Altitude International Holdings (Altitude International Holdings) Business Description