NIHK (Video River Networks) Gross Margin % : 0.00% (As of Sep. 2024)

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What is Video River Networks Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Video River Networks's Gross Profit for the three months ended in Sep. 2024 was $0.00 Mil. Video River Networks's Revenue for the three months ended in Sep. 2024 was $0.00 Mil. Therefore, Video River Networks's Gross Margin % for the quarter that ended in Sep. 2024 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

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

NIHK' s Gross Margin % Range Over the Past 10 Years
Min: 5.91 Med: 35.85 Max: 105.73
Current: 105.73

During the past 13 years, the highest Gross Margin % of Video River Networks was 105.73%. The lowest was 5.91%. And the median was 35.85%.

NIHK's Gross Margin % is ranked better than
97.67% of 602 companies
in the Capital Markets industry
Industry Median: 51.86 vs NIHK: 105.73

Video River Networks had a gross margin of N/A% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

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

Video River Networks Gross Margin % Historical Data

The historical data trend for Video River Networks'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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Video River Networks Gross Margin % Chart

Video River Networks Annual Data

Trend

Dec06

Dec07

Dec08

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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5.91

35.85

64.60

56.99

Video River Networks 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															-	105.73	-	-	-

Competitive Comparison of Video River Networks's Gross Margin %

For the Capital Markets subindustry, Video River Networks'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.

Video River Networks's Gross Margin % Distribution in the Capital Markets Industry

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

* The bar in red indicates where Video River Networks's Gross Margin % falls into.

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Video River Networks 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.)

Video River Networks'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 )
	=	0.4	/	0.665
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.665 - 0.286)	/	0.665
	=	56.99 %

Video River Networks'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)	/	0
	=	N/A %

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.

Video River Networks (OTCPK:NIHK) 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

Video River Networks 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.

Video River Networks Gross Margin % Related Terms

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Video River Networks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Video River Networks Inc (OTCPK:NIHK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

370 Amapola Avenue, Suite 200A, Torrance, CA, USA, 90501

Website

https://www.videorivernetworks.net

Video River Networks Inc is a technology holding firm that operates and manages a portfolio of Electric Vehicles, Artificial Intelligence, Machine Learning and Robotics (EV-AI-ML-R) assets, businesses and operations in North America. The Company's current and target portfolio businesses and assets include operations that design, develop, manufacture and sell high-performance fully electric vehicles and design, manufacture, install and sell Power Controls, Battery Technology, Wireless Technology, and Residential utility meters and remote, mission-critical devices mostly engineered through Artificial Intelligence, Machine Learning and Robotic technologies.

Executives

Frank I Igwealor	director, 10 percent owner, officer: President and CEO	370 AMAPOLA AVE, SUITE 200A, TORRANCE CA 90501
Cannabinoid Biosciences, Inc.	director, 10 percent owner, officer: President and CEO	3699 WILSHIRE BLVD., SUITE 610, LOS ANGELES CA 90010
Video River Networks, Inc.	director, 10 percent owner, officer: President and CEO	1333 N. BUFFALO DR., SUITE 210, LAS VEGAS NV 89128
Daniel P Mcredmond	officer: Corporate Controller
Max Polinsky	director	10715 GULFDALE STE 200, SAN ANTONIO TX 78216
Patrick A Gorman	director
H Douglas Saathoff	officer: CEO
Myron Anduri	10 percent owner, officer: President, as of 01/01/04
Steven H. Jacobson	10 percent owner	P.O. BOX 24947, DENVER CO 80224-0947