The historical rank and industry rank for enVVeno Medical's Gross Margin % or its related term are showing as below:
During the past 9 years, the highestGross Margin % of enVVeno Medical was 0.47%. The lowest was -3.05%. And the median was -1.29%.
NVNO's Gross Margin % is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 51.89 * Ranked among companies with meaningful Gross Margin % only.
enVVeno Medical 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 enVVeno Medical was 0.00% per year.
enVVeno Medical Gross Margin % Historical Data
The historical data trend for enVVeno Medical'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.
Competitive Comparison of enVVeno Medical's Gross Margin %
For the Medical Devices subindustry, enVVeno Medical'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.
enVVeno Medical's Gross Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, enVVeno Medical's Gross Margin % distribution charts can be found below:
* The bar in red indicates where enVVeno Medical's Gross Margin % falls into.
* 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.
enVVeno Medical (NAS:NVNO) 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
enVVeno Medical 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.
enVVeno Medical Gross Margin % Related Terms
Thank you for viewing the detailed overview of enVVeno Medical's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
enVVeno Medical Corp is a medical device company focused on the development of bioprosthetic (tissue-based) devices to improve the standard of care in the treatment of venous disease. Its product, the VenoValve, is a first-in-class, surgical implant being developed for the treatment of severe deep venous Chronic Venous Insufficiency (CVI).
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