VGGIF (Boosh Plant-Based Brands) Gross Margin % : 4.35% (As of Dec. 2023)

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What is Boosh Plant-Based Brands Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Boosh Plant-Based Brands's Gross Profit for the three months ended in Dec. 2023 was $0.00 Mil. Boosh Plant-Based Brands's Revenue for the three months ended in Dec. 2023 was $0.05 Mil. Therefore, Boosh Plant-Based Brands's Gross Margin % for the quarter that ended in Dec. 2023 was 4.35%.

The historical rank and industry rank for Boosh Plant-Based Brands's Gross Margin % or its related term are showing as below:

VGGIF' s Gross Margin % Range Over the Past 10 Years
Min: -40.46 Med: -13.06 Max: 3151.16
Current: 3151.16

During the past 4 years, the highest Gross Margin % of Boosh Plant-Based Brands was 3151.16%. The lowest was -40.46%. And the median was -13.06%.

VGGIF's Gross Margin % is ranked better than
99.95% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 25.21 vs VGGIF: 3151.16

Boosh Plant-Based Brands had a gross margin of 4.35% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Boosh Plant-Based Brands was 0.00% per year.

Boosh Plant-Based Brands Gross Margin % Historical Data

The historical data trend for Boosh Plant-Based Brands'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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Boosh Plant-Based Brands Gross Margin % Chart

Boosh Plant-Based Brands Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Gross Margin %

8.70

-4.65

-21.48

-40.46

Boosh Plant-Based Brands Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial									-6.75	10,137.50	207.69	295.45	4.35

Competitive Comparison of Boosh Plant-Based Brands's Gross Margin %

For the Packaged Foods subindustry, Boosh Plant-Based Brands'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.

Boosh Plant-Based Brands's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Boosh Plant-Based Brands's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Boosh Plant-Based Brands's Gross Margin % falls into.

Boosh Plant-Based Brands Gross Margin % Calculation

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

Boosh Plant-Based Brands's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	-0.8	/	1.945
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.945 - 2.732)	/	1.945
	=	-40.46 %

Boosh Plant-Based Brands'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	/	0.046
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.046 - 0.044)	/	0.046
	=	4.35 %

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.

Boosh Plant-Based Brands (OTCPK:VGGIF) 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

Boosh Plant-Based Brands had a gross margin of 4.35% 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.

Boosh Plant-Based Brands Gross Margin % Related Terms

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Boosh Plant-Based Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Boosh Plant-Based Brands Inc (OTCPK:VGGIF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

77I:Germany VEGI:Canada

Address

176 Street, Suite 103-6554, Surrey, BC, CAN, V3S 4G5

Website

https://www.booshfood.com

Boosh Plant-Based Brands Inc operates as a plant-based ready-to-eat food company. It distributes and sells plant-based frozen meals to grocery outlets and independent grocery stores throughout Canada. The company's segment includes Corporate; Snacks; Entrees and Appetizers. It generates maximum revenue from the Snacks segment.

Boosh Plant-Based Brands Headlines

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