Greenway Greenhouse Cannabis (XCNQ:GWAY) Gross Margin % : -7.71% (As of Dec. 2023)

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What is Greenway Greenhouse Cannabis Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Greenway Greenhouse Cannabis's Gross Profit for the three months ended in Dec. 2023 was C$-0.11 Mil. Greenway Greenhouse Cannabis's Revenue for the three months ended in Dec. 2023 was C$1.39 Mil. Therefore, Greenway Greenhouse Cannabis's Gross Margin % for the quarter that ended in Dec. 2023 was -7.71%.

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

XCNQ:GWAY' s Gross Margin % Range Over the Past 10 Years
Min: -31.04 Med: 27.87 Max: 42.54
Current: -31.04

During the past 3 years, the highest Gross Margin % of Greenway Greenhouse Cannabis was 42.54%. The lowest was -31.04%. And the median was 27.87%.

XCNQ:GWAY's Gross Margin % is ranked worse than
97.47% of 990 companies
in the Drug Manufacturers industry
Industry Median: 46.74 vs XCNQ:GWAY: -31.04

Greenway Greenhouse Cannabis had a gross margin of -7.71% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Greenway Greenhouse Cannabis was 0.00% per year.

Greenway Greenhouse Cannabis Gross Margin % Historical Data

The historical data trend for Greenway Greenhouse Cannabis'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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Greenway Greenhouse Cannabis Gross Margin % Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Gross Margin %

42.54

13.20

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial								47.63	47.59	-88.05	6.83	-7.71

Competitive Comparison of Greenway Greenhouse Cannabis's Gross Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Greenway Greenhouse Cannabis'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.

Greenway Greenhouse Cannabis's Gross Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Greenway Greenhouse Cannabis's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Greenway Greenhouse Cannabis's Gross Margin % falls into.

Greenway Greenhouse Cannabis Gross Margin % Calculation

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

Greenway Greenhouse Cannabis'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 )
	=	0.7	/	5.622
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5.622 - 4.88)	/	5.622
	=	13.20 %

Greenway Greenhouse Cannabis'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 )
	=	-0.1	/	1.388
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.388 - 1.495)	/	1.388
	=	-7.71 %

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.

Greenway Greenhouse Cannabis (XCNQ:GWAY) 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

Greenway Greenhouse Cannabis had a gross margin of -7.71% 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.

Greenway Greenhouse Cannabis Gross Margin % Related Terms

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Greenway Greenhouse Cannabis (XCNQ:GWAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (XCNQ:GWAY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

GWAYF:USA

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.

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