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OGOFF (Organto Foods) Gross Margin % : 11.79% (As of Sep. 2024)


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What is Organto Foods Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Organto Foods's Gross Profit for the three months ended in Sep. 2024 was $0.45 Mil. Organto Foods's Revenue for the three months ended in Sep. 2024 was $3.84 Mil. Therefore, Organto Foods's Gross Margin % for the quarter that ended in Sep. 2024 was 11.79%.


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

OGOFF' s Gross Margin % Range Over the Past 10 Years
Min: -283.64   Med: 6.89   Max: 10.18
Current: 7.48


During the past 13 years, the highest Gross Margin % of Organto Foods was 10.18%. The lowest was -283.64%. And the median was 6.89%.

OGOFF's Gross Margin % is ranked worse than
89.94% of 308 companies
in the Retail - Defensive industry
Industry Median: 23.17 vs OGOFF: 7.48

Organto Foods had a gross margin of 11.79% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

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


Organto Foods Gross Margin % Historical Data

The historical data trend for Organto Foods'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.

Organto Foods Gross Margin % Chart

Organto Foods Annual Data
Trend Sep14 Sep15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.92 9.38 10.18 5.72 8.89

Organto Foods 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 10.64 8.57 2.09 6.35 11.79

Competitive Comparison of Organto Foods's Gross Margin %

For the Food Distribution subindustry, Organto Foods'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.


Organto Foods's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Organto Foods's Gross Margin % distribution charts can be found below:

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


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Organto Foods Gross Margin % Calculation

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

Organto Foods'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 )
=1.8 / 20.634
=(Revenue - Cost of Goods Sold) / Revenue
=(20.634 - 18.799) / 20.634
=8.89 %

Organto Foods'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 )
=0.5 / 3.842
=(Revenue - Cost of Goods Sold) / Revenue
=(3.842 - 3.389) / 3.842
=11.79 %

* 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.


Organto Foods  (OTCPK:OGOFF) 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

Organto Foods had a gross margin of 11.79% 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.


Organto Foods Gross Margin % Related Terms

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Organto Foods Business Description

Traded in Other Exchanges
Address
1111 Melville Street, Suite 410, Vancouver, BC, CAN, V6E 3V6
Organto Foods Inc is an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. The company provides various products including avocados, bananas, blueberries, mango, asparagus, ginger and fresh cut herbs amongst others, marketed in bulk and private label formats. It has one reportable business segment, being the sourcing, processing, packaging, distribution and marketing of organic and specialty food products in Europe.