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BKLIF (Blockmint Technologies) Gross Margin % : 0.00% (As of Sep. 2024)


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What is Blockmint Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Blockmint Technologies's Gross Profit for the three months ended in Sep. 2024 was $-0.00 Mil. Blockmint Technologies's Revenue for the three months ended in Sep. 2024 was $0.00 Mil. Therefore, Blockmint Technologies's Gross Margin % for the quarter that ended in Sep. 2024 was 0.00%.


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


BKLIF's Gross Margin % is not ranked *
in the Capital Markets industry.
Industry Median: 50.805
* Ranked among companies with meaningful Gross Margin % only.

Blockmint Technologies had a gross margin of % for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Blockmint Technologies was 0.00% per year.


Blockmint Technologies Gross Margin % Historical Data

The historical data trend for Blockmint Technologies'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.

* Premium members only.

Blockmint Technologies Gross Margin % Chart

Blockmint Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
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Blockmint Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Blockmint Technologies's Gross Margin %

For the Capital Markets subindustry, Blockmint Technologies'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.


Blockmint Technologies's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Blockmint Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Blockmint Technologies's Gross Margin % falls into.


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Blockmint Technologies Gross Margin % Calculation

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

Blockmint Technologies'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 )
=-0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.004) / 0
= %

Blockmint Technologies's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=-0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.002) / 0
= %

* 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.


Blockmint Technologies  (OTCPK:BKLIF) 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

Blockmint Technologies had a gross margin of % for the quarter that ended in Sep. 2024 => 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.


Blockmint Technologies Gross Margin % Related Terms

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Blockmint Technologies Business Description

Traded in Other Exchanges
Address
733 Seymour Street, Suite 2900, Vancouver, BC, CAN, V6B 0S6
Blockmint Technologies Inc develops distributed systems and networks that enable a more decentralized deployment of blockchain-based applications such as cryptocurrency mining. The company generates revenue from digital currency received for providing mining services to various digital currencies validating a blockchain.

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