Drone Delivery Canada (Drone Delivery Canada) Gross Margin % : -37.44% (As of Dec. 2023)

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What is Drone Delivery Canada Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Drone Delivery Canada's Gross Profit for the three months ended in Dec. 2023 was $-0.08 Mil. Drone Delivery Canada's Revenue for the three months ended in Dec. 2023 was $0.20 Mil. Therefore, Drone Delivery Canada's Gross Margin % for the quarter that ended in Dec. 2023 was -37.44%.

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

TAKOF' s Gross Margin % Range Over the Past 10 Years
Min: -3.58 Med: 44.12 Max: 72.76
Current: 45.52

During the past 13 years, the highest Gross Margin % of Drone Delivery Canada was 72.76%. The lowest was -3.58%. And the median was 44.12%.

TAKOF's Gross Margin % is ranked better than
84.34% of 2439 companies
in the Hardware industry
Industry Median: 24.34 vs TAKOF: 45.52

Drone Delivery Canada had a gross margin of -37.44% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Drone Delivery Canada was 0.00% per year.

Drone Delivery Canada Gross Margin % Historical Data

The historical data trend for Drone Delivery Canada'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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Drone Delivery Canada Gross Margin % Chart

Drone Delivery Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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42.51

-3.44

72.70

45.56

Drone Delivery Canada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															71.84	71.90	46.21	79.38	-37.44

Competitive Comparison of Drone Delivery Canada's Gross Margin %

For the Computer Hardware subindustry, Drone Delivery Canada'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.

Drone Delivery Canada's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Drone Delivery Canada's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Drone Delivery Canada's Gross Margin % falls into.

Drone Delivery Canada Gross Margin % Calculation

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

Drone Delivery Canada'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	/	0.924
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.924 - 0.503)	/	0.924
	=	45.56 %

Drone Delivery Canada's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.1	/	0.203
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.203 - 0.279)	/	0.203
	=	-37.44 %

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.

Drone Delivery Canada (OTCPK:TAKOF) 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

Drone Delivery Canada had a gross margin of -37.44% for the quarter that ended in Dec. 2023 => 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.

Drone Delivery Canada Gross Margin % Related Terms

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Drone Delivery Canada (Drone Delivery Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (OTCPK:TAKOF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ABBA:Germany FLT:Canada

Address

6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8

Website

https://www.dronedeliverycanada.com

Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.