Tantalus Systems Holding (TSX:GRID) Gross Margin % : 51.37% (As of Dec. 2023)

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What is Tantalus Systems Holding Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tantalus Systems Holding's Gross Profit for the three months ended in Dec. 2023 was C$7.15 Mil. Tantalus Systems Holding's Revenue for the three months ended in Dec. 2023 was C$13.91 Mil. Therefore, Tantalus Systems Holding's Gross Margin % for the quarter that ended in Dec. 2023 was 51.37%.

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

TSX:GRID' s Gross Margin % Range Over the Past 10 Years
Min: 44.61 Med: 47.71 Max: 51.86
Current: 51.84

During the past 3 years, the highest Gross Margin % of Tantalus Systems Holding was 51.86%. The lowest was 44.61%. And the median was 47.71%.

TSX:GRID's Gross Margin % is ranked better than
92.17% of 2938 companies
in the Industrial Products industry
Industry Median: 26.39 vs TSX:GRID: 51.84

Tantalus Systems Holding had a gross margin of 51.37% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tantalus Systems Holding was 0.00% per year.

Tantalus Systems Holding Gross Margin % Historical Data

The historical data trend for Tantalus Systems Holding'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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Tantalus Systems Holding Gross Margin % Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

Gross Margin %

44.61

47.71

51.86

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial										45.41	46.70	55.65	53.49	51.37

Competitive Comparison of Tantalus Systems Holding's Gross Margin %

For the Electrical Equipment & Parts subindustry, Tantalus Systems Holding'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.

Tantalus Systems Holding's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tantalus Systems Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tantalus Systems Holding's Gross Margin % falls into.

Tantalus Systems Holding Gross Margin % Calculation

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

Tantalus Systems Holding'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 )
	=	29.3	/	56.544
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(56.544 - 27.219)	/	56.544
	=	51.86 %

Tantalus Systems Holding'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 )
	=	7.1	/	13.912
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13.912 - 6.765)	/	13.912
	=	51.37 %

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.

Tantalus Systems Holding (TSX:GRID) 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

Tantalus Systems Holding had a gross margin of 51.37% for the quarter that ended in Dec. 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.

Tantalus Systems Holding Gross Margin % Related Terms

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Tantalus Systems Holding (TSX:GRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.

Executives

Peter Londa

Director, Senior Officer