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MITI (Mitesco) Gross Margin % : 62.50% (As of Sep. 2024)


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What is Mitesco Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Mitesco's Gross Profit for the three months ended in Sep. 2024 was $0.02 Mil. Mitesco's Revenue for the three months ended in Sep. 2024 was $0.02 Mil. Therefore, Mitesco's Gross Margin % for the quarter that ended in Sep. 2024 was 62.50%.


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

MITI' s Gross Margin % Range Over the Past 10 Years
Min: -293.1   Med: -134.49   Max: 70
Current: 70


During the past 13 years, the highest Gross Margin % of Mitesco was 70.00%. The lowest was -293.10%. And the median was -134.49%.

MITI's Gross Margin % is ranked better than
78.35% of 619 companies
in the Healthcare Providers & Services industry
Industry Median: 41.07 vs MITI: 70.00

Mitesco had a gross margin of 62.50% for the quarter that ended in Sep. 2024 => Durable competitive advantage

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


Mitesco Gross Margin % Historical Data

The historical data trend for Mitesco'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.

Mitesco Gross Margin % Chart

Mitesco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -293.10 - -

Mitesco Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 62.50

Competitive Comparison of Mitesco's Gross Margin %

For the Health Information Services subindustry, Mitesco'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.


Mitesco's Gross Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Mitesco's Gross Margin % distribution charts can be found below:

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



Mitesco Gross Margin % Calculation

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

Mitesco'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) / 0
=N/A %

Mitesco'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 / 0.024
=(Revenue - Cost of Goods Sold) / Revenue
=(0.024 - 0.009) / 0.024
=62.50 %

* 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.


Mitesco  (OTCPK:MITI) 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

Mitesco had a gross margin of 62.50% 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.


Mitesco Gross Margin % Related Terms

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


Mitesco Business Description

Traded in Other Exchanges
N/A
Address
505 Beachland Boulevard, Suite 1377, Vero Beach, FL, USA, 32963
Mitesco Inc is a holding company seeking to provide products, services and technology to make accessible higher quality and more affordable healthcare solutions. It is focused on developing a portfolio of companies that provide healthcare technology solutions and the team is adept at deal structures supportive of long-term organizational value.
Executives
Lonnie Allen Plunk director 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Lawrence M. Diamond director 7535 EAST HAMPDEN AVENUE, SUITE 400, DENVER CO 80231
Phillip J Keller officer: Chief Financial Officer 2323 RING ROAD, ELIZABETHTOWN KY 42701
Sheila Schweitzer director 1200 CAROLINA CIRCLE, VERO BEACH FL 62962
Ingrid Jenny Lindstrom officer: Chief Legal Officer 1100 WILLS PLACE, GOLDEN VALLEY MN 55422
Juan Carlos Iturregui director 5606 ALBIA RD., BETHESDA MD 20816
Faraz Naqvi director 3001 HEARTHSTONE DRIVE, FORT COLLINS CO 80528
Thomas Brodmerkel director 7535 EAST HAMPDEN AVENUE, STE. 400, DENVER CO 80231
Julie R. Smith director 7535 EAST HAMPDEN AVENUE, SUITE 400, DENVER CO 80231
Ron Riewold officer: CHAIRMAN 37 NORTH ORANGE AVE, STE 500, ORLANDO FL 32801
Douglas Cole director C/O AMERICAN BATTERY METALS CORP, 930 TAHOE BLVD, STE 802-16, INCLINE VILLAGE NV 89451
James Philip Crone director, officer: Pres, Interim CFO, Sec, Dir 1355 PEACHTREE STREET, SUITE 1150, ATLANTA GA 30309
Morton James E Iii officer: President 549 VIKINGS LANE, ATLANTIC BEACH FL 32233
Deluca Louis George Jr officer: C.O.O. 194 EDWARDS DR, MABLETON GA 30126
Thomas W. Burnell officer: President and CEO 1355 PEACHTREE STREET, SUITE 1150, ATLANTA GA 30309