Body and Mind Inc gross margin has been in long-term decline. The average rate of decline per year is -9.5%.
The historical rank and industry rank for Body and Mind's Gross Margin % or its related term are showing as below:
XCNQ:BAMM'
s Gross Margin % Range Over the Past 10 Years
Min: 25.31 Med: 35.24 Max: 49.57
Current: 34.66
During the past 13 years, the highestGross Margin % of Body and Mind was 49.57%. The lowest was 25.31%. And the median was 35.24%.
XCNQ:BAMM's Gross Margin % is ranked worse than 71.12% of 987
companies
in the Drug Manufacturers industry
Industry Median: 47.33
vs XCNQ:BAMM: 34.66
Body and Mind had a gross margin of 45.65% for the quarter that ended in Jan. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Body and Mind was -9.50% per year.
Body and Mind Gross Margin % Historical Data
The historical data trend for Body and Mind'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.
Competitive Comparison of Body and Mind's Gross Margin %
For the Drug Manufacturers - Specialty & Generic subindustry, Body and Mind'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.
Body and Mind's Gross Margin % Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Body and Mind's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Body and Mind's Gross Margin % falls into.
* 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.
Body and Mind (XCNQ:BAMM) 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
Body and Mind had a gross margin of 45.65% for the quarter that ended in Jan. 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.
Body and Mind Gross Margin % Related Terms
Thank you for viewing the detailed overview of Body and Mind's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Body and Mind Inc is a multi-state cannabis operator, which has retail, distribution, cultivation, and/or processing operations in Nevada, California, Arkansas, Ohio and Illinois. It has developed the marquis lifestyle Body and Mind brand in Nevada with penetration into dispensaries and has expanded its brand and products to dispensaries in California. The Body and Mind brand appeals to a wide range of cannabis consumers with products including flowers, oils, extracts (wax, live resin, ambrosia), and edibles. The Company Operates in Three segments; Wholesale, Retail, and All others. The Majority of revenue is derived from the Retail segment.
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