CO2 Gro (TSXV:GROW.H) Gross Margin %: 60.78% (As of Sep. 2023)

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What is CO2 Gro Gross Margin %?

CO2 Gro TSXV:GROW.H Gross Margin % is 60.78% as of Sep. 2023.

Gross Margin % is calculated as gross profit divided by its revenue. CO2 Gro's Gross Profit for the three months ended in Sep. 2023 was C$0.17 Mil. CO2 Gro's Revenue for the three months ended in Sep. 2023 was C$0.28 Mil. Therefore, CO2 Gro's Gross Margin % for the quarter that ended in Sep. 2023 was 60.78%.


The historical rank and industry rank for CO2 Gro's Gross Margin % or its related term are showing as below:


TSXV:GROW.H's Gross Margin % is not ranked *
in the Agriculture industry.
Industry Median: 24.74
* Ranked among companies with meaningful Gross Margin % only.

CO2 Gro had a gross margin of 60.78% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CO2 Gro was 0.00% per year.


CO2 Gro  (TSXV:GROW.H) 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

CO2 Gro had a gross margin of 60.78% for the quarter that ended in Sep. 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.


CO2 Gro Gross Margin % Related Terms


CO2 Gro Gross Margin % Historical Data

* Premium members only.

The historical data trend for CO2 Gro'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.

CO2 Gro Gross Margin % Chart

CO2 Gro Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -927.27 -119.78 6.56 24.91

CO2 Gro Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
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 0.00 70.66 65.12 -66.67 60.78

TSXV:GROW.H vs CTVA, CF, MOS: Gross Margin % Comparison

For the Agricultural Inputs subindustry, CO2 Gro'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.


CO2 Gro Gross Margin % vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, CO2 Gro's Gross Margin % distribution charts can be found below:

* The bar in red indicates where CO2 Gro's Gross Margin % falls into.



CO2 Gro Gross Margin % Calculation

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

CO2 Gro's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=0.1 / 0.285
=(Revenue - Cost of Goods Sold) / Revenue
=(0.285 - 0.214) / 0.285
=24.91 %

CO2 Gro's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0.2 / 0.283
=(Revenue - Cost of Goods Sold) / Revenue
=(0.283 - 0.111) / 0.283
=60.78 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 60.78% mean?
CO2 Gro (TSXV:GROW.H) has a Gross Margin % of 60.78% as of Sep. 2023. Gross margin is the ratio of total gross profit to net sales. View historical data on CO2 Gro and its competitors.
Is CO2 Gro's Gross Margin % too high?
CO2 Gro's current Gross Margin % is 60.78%. The Agriculture industry median Gross Margin % is 24.74. CO2 Gro's value of 60.78% is 145.7% above this industry median.
How does CO2 Gro's Gross Margin % compare to CTVA and CF?
CO2 Gro's Gross Margin % of 60.78% can be compared against companies in the Agriculture industry. The industry median Gross Margin % is 24.74. CO2 Gro's value of 60.78% is 145.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Agriculture company?
The median Gross Margin % among Agriculture companies is 24.74, based on 245 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CO2 Gro's current Gross Margin % of 60.78% is 145.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on CO2 Gro and its competitors. For the Agriculture industry, the median Gross Margin % is 24.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CO2 Gro's current Gross Margin % is 60.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CO2 Gro stock overvalued right now?
CO2 Gro (TSXV:GROW.H) has a current Gross Margin % of 60.78%. The current Gross Margin % is 60.78% and 145.7% above the Agriculture industry median of 24.74. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For CO2 Gro (TSXV:GROW.H), the current Gross Margin % is 60.78% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CO2 Gro Business Description

Address 40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1
CO2 Gro Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.