GRAM (Gold Flora) Gross Margin % : 41.33% (As of Sep. 2024)

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What is Gold Flora Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Gold Flora's Gross Profit for the three months ended in Sep. 2024 was $13.5 Mil. Gold Flora's Revenue for the three months ended in Sep. 2024 was $32.6 Mil. Therefore, Gold Flora's Gross Margin % for the quarter that ended in Sep. 2024 was 41.33%.

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

GRAM' s Gross Margin % Range Over the Past 10 Years
Min: 23.9 Med: 29.8 Max: 35.7
Current: 35.14

During the past 2 years, the highest Gross Margin % of Gold Flora was 35.70%. The lowest was 23.90%. And the median was 29.80%.

GRAM's Gross Margin % is ranked better than
53.85% of 52 companies
in the Tobacco Products industry
Industry Median: 29.065 vs GRAM: 35.14

Gold Flora had a gross margin of 41.33% for the quarter that ended in Sep. 2024 => Durable competitive advantage

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

Gold Flora Gross Margin % Historical Data

The historical data trend for Gold Flora'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.

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Gold Flora Gross Margin % Chart

Gold Flora Annual Data

Trend

Dec22

Dec23

Gross Margin %

23.90

35.70

Gold Flora Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial				35.40	46.40	31.19	22.91	41.33

Competitive Comparison of Gold Flora's Gross Margin %

For the Tobacco subindustry, Gold Flora'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.

Gold Flora's Gross Margin % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Gold Flora's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Gold Flora's Gross Margin % falls into.

Gold Flora Gross Margin % Calculation

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

Gold Flora'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 )
	=	32.5	/	90.964
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(90.964 - 58.49)	/	90.964
	=	35.70 %

Gold Flora'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 )
	=	13.5	/	32.621
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(32.621 - 19.138)	/	32.621
	=	41.33 %

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.

Gold Flora (OTCPK:GRAM) 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

Gold Flora had a gross margin of 41.33% for the quarter that ended in Sep. 2024 => Durable 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.

Gold Flora Gross Margin % Related Terms

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Gold Flora Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (OTCPK:GRAM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

V96:Germany GRAM:Canada

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail, and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.