GRVE (Groove Botanicals) Gross Margin % : 0.00% (As of Sep. 2024)

Groove Botanicals Gross Margin % Chart

Groove Botanicals Annual Data
	Trend	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar23	Mar24
Gross Margin %		Get a 7-Day Free Trial					-58.18	-156.60	-49.12	-	-

Groove Botanicals Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Groove Botanicals's Gross Margin %

For the Oil & Gas E&P subindustry, Groove Botanicals'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.

Groove Botanicals's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Groove Botanicals's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Groove Botanicals's Gross Margin % falls into.

Groove Botanicals Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Groove Botanicals's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Groove Botanicals's Gross Margin for the quarter that ended in Sep. 2024 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.

Groove Botanicals  (OTCPK:GRVE) 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

Groove Botanicals had a gross margin of N/A% 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.

Groove Botanicals Gross Margin % Related Terms

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Groove Botanicals Business Description