Delota (XCNQ:NIC) Gross Margin % : 37.72% (As of Oct. 2024)

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What is Delota Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Delota's Gross Profit for the three months ended in Oct. 2024 was C$3.88 Mil. Delota's Revenue for the three months ended in Oct. 2024 was C$10.29 Mil. Therefore, Delota's Gross Margin % for the quarter that ended in Oct. 2024 was 37.72%.

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

XCNQ:NIC' s Gross Margin % Range Over the Past 10 Years
Min: 30.17 Med: 44.18 Max: 47.16
Current: 39.16

During the past 10 years, the highest Gross Margin % of Delota was 47.16%. The lowest was 30.17%. And the median was 44.18%.

XCNQ:NIC's Gross Margin % is ranked worse than
51.92% of 626 companies
in the Healthcare Providers & Services industry
Industry Median: 40.85 vs XCNQ:NIC: 39.16

Delota had a gross margin of 37.72% for the quarter that ended in Oct. 2024 => Competition eroding margins

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

Delota Gross Margin % Historical Data

The historical data trend for Delota'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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Delota Gross Margin % Chart

Delota Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jan20

Jan21

Jan22

Jan23

Jan24

Gross Margin %

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47.16

30.17

44.18

47.06

39.98

Delota Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Gross Margin %	Get a 7-Day Free Trial															40.78	37.68	39.74	41.62	37.72

Competitive Comparison of Delota's Gross Margin %

For the Pharmaceutical Retailers subindustry, Delota'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.

Delota's Gross Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Delota's Gross Margin % distribution charts can be found below:

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

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Delota Gross Margin % Calculation

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

Delota's Gross Margin for the fiscal year that ended in Jan. 2024 is calculated as

Gross Margin % (A: Jan. 2024 )	=	Gross Profit (A: Jan. 2024 )	/	Revenue (A: Jan. 2024 )
	=	13.6	/	34.07
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(34.07 - 20.449)	/	34.07
	=	39.98 %

Delota's Gross Margin for the quarter that ended in Oct. 2024 is calculated as

Gross Margin % (Q: Oct. 2024 )	=	Gross Profit (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	3.9	/	10.285
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.285 - 6.406)	/	10.285
	=	37.72 %

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.

Delota (XCNQ:NIC) 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

Delota had a gross margin of 37.72% for the quarter that ended in Oct. 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.

Delota Gross Margin % Related Terms

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Delota Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Delota Corp (XCNQ:NIC) » Definitions » Gross Margin %

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Traded in Other Exchanges

SYDRF:USA

Address

7941 Jane Street, Unit 2, Concord, ON, CAN, L4K 2M7

Website

http://www.delota.com

Delota Corp is a cannabis and nicotine retailer. The company is engaged in developing retail cannabis and nicotine brands in Canada by growing its retail footprint and developing retail banners. The Company's flagship brand, one hundred eighty Smoke Vape Store, stands as Ontario's omni channel specialty vape retailer, fueling innovation, growth, and leadership in the nicotine vape and alternative tobacco sector. The Company operates twenty nine brick-and-mortar specialty vape stores in Ontario under the one hundred eighty Smoke Vape Store brand, a dominant national e-commerce platform and three licensed dispensaries in Ontario under the Offside Cannabis brand.