Blender Bites (XCNQ:BITE) Gross Margin % : 24.91% (As of Jan. 2024)

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What is Blender Bites Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Blender Bites's Gross Profit for the three months ended in Jan. 2024 was C$0.14 Mil. Blender Bites's Revenue for the three months ended in Jan. 2024 was C$0.57 Mil. Therefore, Blender Bites's Gross Margin % for the quarter that ended in Jan. 2024 was 24.91%.

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

XCNQ:BITE' s Gross Margin % Range Over the Past 10 Years
Min: 10.66 Med: 21.65 Max: 59.26
Current: 21.34

During the past 13 years, the highest Gross Margin % of Blender Bites was 59.26%. The lowest was 10.66%. And the median was 21.65%.

XCNQ:BITE's Gross Margin % is ranked worse than
59.17% of 1815 companies
in the Consumer Packaged Goods industry
Industry Median: 25.25 vs XCNQ:BITE: 21.34

Blender Bites had a gross margin of 24.91% for the quarter that ended in Jan. 2024 => Competition eroding margins

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

Blender Bites Gross Margin % Historical Data

The historical data trend for Blender Bites'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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Blender Bites Gross Margin % Chart

Blender Bites Annual Data

Trend

Nov14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Oct21

Oct22

Oct23

Gross Margin %

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14.01

10.66

21.65

Blender Bites Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial															28.70	5.53	39.12	6.13	24.91

Competitive Comparison of Blender Bites's Gross Margin %

For the Packaged Foods subindustry, Blender Bites'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.

Blender Bites's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Blender Bites's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Blender Bites's Gross Margin % falls into.

Blender Bites Gross Margin % Calculation

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

Blender Bites's Gross Margin for the fiscal year that ended in Oct. 2023 is calculated as

Gross Margin % (A: Oct. 2023 )	=	Gross Profit (A: Oct. 2023 )	/	Revenue (A: Oct. 2023 )
	=	0.7	/	3.339
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3.339 - 2.616)	/	3.339
	=	21.65 %

Blender Bites's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	0.1	/	0.574
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.574 - 0.431)	/	0.574
	=	24.91 %

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.

Blender Bites (XCNQ:BITE) 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

Blender Bites had a gross margin of 24.91% for the quarter that ended in Jan. 2024 => Competition eroding margins

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.

Blender Bites Gross Margin % Related Terms

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