Rubicon Organics (Rubicon Organics) Gross Margin % : 26.54% (As of Mar. 2024)

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What is Rubicon Organics Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Rubicon Organics's Gross Profit for the three months ended in Mar. 2024 was $1.74 Mil. Rubicon Organics's Revenue for the three months ended in Mar. 2024 was $6.57 Mil. Therefore, Rubicon Organics's Gross Margin % for the quarter that ended in Mar. 2024 was 26.54%.

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

ROMJF' s Gross Margin % Range Over the Past 10 Years
Min: -33.94 Med: 6.66 Max: 38.87
Current: 30.67

During the past 8 years, the highest Gross Margin % of Rubicon Organics was 38.87%. The lowest was -33.94%. And the median was 6.66%.

ROMJF's Gross Margin % is ranked worse than
77.46% of 985 companies
in the Drug Manufacturers industry
Industry Median: 47 vs ROMJF: 30.67

Rubicon Organics had a gross margin of 26.54% for the quarter that ended in Mar. 2024 => Competition eroding margins

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

Rubicon Organics Gross Margin % Historical Data

The historical data trend for Rubicon Organics'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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Rubicon Organics Gross Margin % Chart

Rubicon Organics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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-7.07

6.66

38.87

32.76

Rubicon Organics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															36.00	35.40	19.26	40.48	26.54

Competitive Comparison of Rubicon Organics's Gross Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Rubicon Organics'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.

Rubicon Organics's Gross Margin % Distribution in the Drug Manufacturers Industry

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

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

Rubicon Organics Gross Margin % Calculation

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

Rubicon Organics'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 )
	=	9.8	/	29.902
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(29.902 - 20.107)	/	29.902
	=	32.76 %

Rubicon Organics's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.7	/	6.568
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.568 - 4.825)	/	6.568
	=	26.54 %

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.

Rubicon Organics (OTCPK:ROMJF) 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

Rubicon Organics had a gross margin of 26.54% for the quarter that ended in Mar. 2024 => Competition eroding margins

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.

Rubicon Organics Gross Margin % Related Terms

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Rubicon Organics (Rubicon Organics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Rubicon Organics Inc (OTCPK:ROMJF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

R07:Germany ROMJ:Canada

Address

744 West Hastings Street, Unit 505, Vancouver, BC, CAN, V6C 1A5

Website

https://www.rubiconorganics.com

Rubicon Organics Inc is engaged in the business of the production and sale of cannabis in Canada. The Company produces and processes organic cannabis at its wholly-owned, federally licensed facility in Delta, British Columbia which it sells under its wholly owned and other licensed brands such as Lab Theory, Wildflower, Homestead Cannabis Supply, 1964 Supply Co, and Simply Bare Organic.