Green Scientific Labs Holdings (XCNQ:GSL) Gross Margin %: 47.67% (As of Mar. 2023)

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What is Green Scientific Labs Holdings Gross Margin %?

Green Scientific Labs Holdings XCNQ:GSL Gross Margin % is 47.67% as of Mar. 2023.

Gross Margin % is calculated as gross profit divided by its revenue. Green Scientific Labs Holdings's Gross Profit for the three months ended in Mar. 2023 was C$0.25 Mil. Green Scientific Labs Holdings's Revenue for the three months ended in Mar. 2023 was C$0.52 Mil. Therefore, Green Scientific Labs Holdings's Gross Margin % for the quarter that ended in Mar. 2023 was 47.67%.


The historical rank and industry rank for Green Scientific Labs Holdings's Gross Margin % or its related term are showing as below:


XCNQ:GSL's Gross Margin % is not ranked *
in the Drug Manufacturers industry.
Industry Median: 48.44
* Ranked among companies with meaningful Gross Margin % only.

Green Scientific Labs Holdings had a gross margin of 47.67% for the quarter that ended in Mar. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Green Scientific Labs Holdings was 0.00% per year.


Green Scientific Labs Holdings  (XCNQ:GSL) 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

Green Scientific Labs Holdings had a gross margin of 47.67% for the quarter that ended in Mar. 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.


Green Scientific Labs Holdings Gross Margin % Related Terms


Green Scientific Labs Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Green Scientific Labs Holdings'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.

Green Scientific Labs Holdings Gross Margin % Chart

Green Scientific Labs Holdings Annual Data
Trend Apr20 Apr21 Dec22
Gross Margin %
0.00 0.00 55.87

Green Scientific Labs Holdings Quarterly Data
Jan20 Apr20 Jul20 Jan21 Apr21 Jul21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.19 76.37 55.05 88.41 47.67

XCNQ:GSL vs ZTS: Gross Margin % Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Green Scientific Labs Holdings'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.


Green Scientific Labs Holdings Gross Margin % vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Green Scientific Labs Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Green Scientific Labs Holdings's Gross Margin % falls into.



Green Scientific Labs Holdings Gross Margin % Calculation

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

Green Scientific Labs Holdings'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 )
=1.9 / 3.358
=(Revenue - Cost of Goods Sold) / Revenue
=(3.358 - 1.482) / 3.358
=55.87 %

Green Scientific Labs Holdings's Gross Margin for the quarter that ended in Mar. 2023 is calculated as


Gross Margin % (Q: Mar. 2023 )=Gross Profit (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=0.2 / 0.516
=(Revenue - Cost of Goods Sold) / Revenue
=(0.516 - 0.27) / 0.516
=47.67 %

* 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 47.67% mean?
Green Scientific Labs Holdings (XCNQ:GSL) has a Gross Margin % of 47.67% as of Mar. 2023. Gross margin is the ratio of total gross profit to net sales. View historical data on Green Scientific Labs Holdings and its competitors.
Is Green Scientific Labs Holdings' Gross Margin % too high?
Green Scientific Labs Holdings' current Gross Margin % is 47.67%. The Drug Manufacturers industry median Gross Margin % is 48.44. Green Scientific Labs Holdings' value of 47.67% is 1.6% below this industry median.
How does Green Scientific Labs Holdings' Gross Margin % compare to ZTS?
Green Scientific Labs Holdings' Gross Margin % of 47.67% can be compared against companies in the Drug Manufacturers industry. The industry median Gross Margin % is 48.44. Green Scientific Labs Holdings' value of 47.67% is 1.6% below 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 Drug Manufacturers company?
The median Gross Margin % among Drug Manufacturers companies is 48.44, based on 940 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. Green Scientific Labs Holdings's current Gross Margin % of 47.67% is 1.6% below 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 Green Scientific Labs Holdings and its competitors. For the Drug Manufacturers industry, the median Gross Margin % is 48.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Scientific Labs Holdings's current Gross Margin % is 47.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Scientific Labs Holdings stock overvalued right now?
Green Scientific Labs Holdings (XCNQ:GSL) has a current Gross Margin % of 47.67%. The current Gross Margin % is 47.67% and 1.6% below the Drug Manufacturers industry median of 48.44. 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 Green Scientific Labs Holdings (XCNQ:GSL), the current Gross Margin % is 47.67% as of Mar. 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.

Green Scientific Labs Holdings Business Description

Address 4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314
Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.