Greenfern Industries (NZSE:GFI) Gross Margin % : 88.38% (As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Greenfern Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Greenfern Industries's Gross Profit for the six months ended in Mar. 2023 was NZ$0.49 Mil. Greenfern Industries's Revenue for the six months ended in Mar. 2023 was NZ$0.55 Mil. Therefore, Greenfern Industries's Gross Margin % for the quarter that ended in Mar. 2023 was 88.38%.

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

NZSE:GFI' s Gross Margin % Range Over the Past 10 Years
Min: -4.23 Med: 42.08 Max: 88.39
Current: 88.39

During the past 2 years, the highest Gross Margin % of Greenfern Industries was 88.39%. The lowest was -4.23%. And the median was 42.08%.

NZSE:GFI's Gross Margin % is ranked better than
96.56% of 988 companies
in the Drug Manufacturers industry
Industry Median: 46.48 vs NZSE:GFI: 88.39

Greenfern Industries had a gross margin of 88.38% for the quarter that ended in Mar. 2023 => Durable competitive advantage

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

Greenfern Industries Gross Margin % Historical Data

The historical data trend for Greenfern Industries'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.

Greenfern Industries Gross Margin % Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Gross Margin %

-4.23

88.38

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Gross Margin %	-4.23	88.38

Competitive Comparison of Greenfern Industries's Gross Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Greenfern Industries'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.

Greenfern Industries's Gross Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Greenfern Industries's Gross Margin % distribution charts can be found below:

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

Greenfern Industries Gross Margin % Calculation

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

Greenfern Industries's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	0.5	/	0.551
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.551 - 0.064)	/	0.551
	=	88.38 %

Greenfern Industries's Gross Margin for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	0.5	/	0.551
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.551 - 0.064)	/	0.551
	=	88.38 %

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.

Greenfern Industries (NZSE:GFI) 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

Greenfern Industries had a gross margin of 88.38% for the quarter that ended in Mar. 2023 => 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.

Greenfern Industries Gross Margin % Related Terms

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

Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.