Xcyte Digital (TSXV:XCYT) Gross Margin %: 68.35% (As of Jun. 2024)

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What is Xcyte Digital Gross Margin %?

Xcyte Digital TSXV:XCYT Gross Margin % is 68.35% as of Jun. 2024.

Gross Margin % is calculated as gross profit divided by its revenue. Xcyte Digital's Gross Profit for the three months ended in Jun. 2024 was C$0.43 Mil. Xcyte Digital's Revenue for the three months ended in Jun. 2024 was C$0.64 Mil. Therefore, Xcyte Digital's Gross Margin % for the quarter that ended in Jun. 2024 was 68.35%.


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


TSXV:XCYT's Gross Margin % is not ranked *
in the Diversified Financial Services industry.
Industry Median: 50.54
* Ranked among companies with meaningful Gross Margin % only.

Xcyte Digital had a gross margin of 68.35% for the quarter that ended in Jun. 2024 => Durable competitive advantage

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


Xcyte Digital  (TSXV:XCYT) 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

Xcyte Digital had a gross margin of 68.35% for the quarter that ended in Jun. 2024 => 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.


Xcyte Digital Gross Margin % Related Terms


Xcyte Digital Gross Margin % Historical Data

* Premium members only.

The historical data trend for Xcyte Digital'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.

Xcyte Digital Gross Margin % Chart

Xcyte Digital Annual Data
Trend
Gross Margin %

Xcyte Digital Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Margin % Get a 7-Day Free Trial 81.86 74.80 72.82 64.10 68.35

TSXV:XCYT vs AACT, CEP, EQV: Gross Margin % Comparison

For the Shell Companies subindustry, Xcyte Digital'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.


Xcyte Digital Gross Margin % vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Xcyte Digital's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Xcyte Digital's Gross Margin % falls into.



Xcyte Digital Gross Margin % Calculation

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

Xcyte Digital's Gross Margin for the fiscal year that ended in . 20 is calculated as

Gross Margin % (A: . 20 )=Gross Profit (A: . 20 ) / Revenue (A: . 20 )
=0 /
=(Revenue - Cost of Goods Sold) / Revenue
=( - ) /
=N/A %

Xcyte Digital's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=0.4 / 0.635
=(Revenue - Cost of Goods Sold) / Revenue
=(0.635 - 0.201) / 0.635
=68.35 %

* 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 68.35% mean?
Xcyte Digital (TSXV:XCYT) has a Gross Margin % of 68.35% as of Jun. 2024. Gross margin is the ratio of total gross profit to net sales. View historical data on Xcyte Digital and its competitors.
Is Xcyte Digital's Gross Margin % too high?
Xcyte Digital's current Gross Margin % is 68.35%. The Diversified Financial Services industry median Gross Margin % is 50.54. Xcyte Digital's value of 68.35% is 35.2% above this industry median.
How does Xcyte Digital's Gross Margin % compare to AACT and CEP?
Xcyte Digital's Gross Margin % of 68.35% can be compared against companies in the Diversified Financial Services industry. The industry median Gross Margin % is 50.54. Xcyte Digital's value of 68.35% is 35.2% 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 a Diversified Financial Services company?
The median Gross Margin % among Diversified Financial Services companies is 50.54, based on 67 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. Xcyte Digital's current Gross Margin % of 68.35% is 35.2% 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 Xcyte Digital and its competitors. For the Diversified Financial Services industry, the median Gross Margin % is 50.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xcyte Digital's current Gross Margin % is 68.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xcyte Digital stock overvalued right now?
Xcyte Digital (TSXV:XCYT) has a current Gross Margin % of 68.35%. The current Gross Margin % is 68.35% and 35.2% above the Diversified Financial Services industry median of 50.54. 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 Xcyte Digital (TSXV:XCYT), the current Gross Margin % is 68.35% as of Jun. 2024. 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.

Xcyte Digital Business Description

Address 3500 Gateway Drive, No.106, Pompano Beach, FL, USA, 33069
Xcyte Digital Corp is a shell company.