Cannibble Food Tech (XCNQ:PLCN) Gross Margin % : 85.19% (As of Sep. 2023)

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What is Cannibble Food Tech Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cannibble Food Tech's Gross Profit for the three months ended in Sep. 2023 was C$0.07 Mil. Cannibble Food Tech's Revenue for the three months ended in Sep. 2023 was C$0.08 Mil. Therefore, Cannibble Food Tech's Gross Margin % for the quarter that ended in Sep. 2023 was 85.19%.

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

XCNQ:PLCN' s Gross Margin % Range Over the Past 10 Years
Min: 5.88 Med: 15.9 Max: 41.46
Current: 5.88

During the past 3 years, the highest Gross Margin % of Cannibble Food Tech was 41.46%. The lowest was 5.88%. And the median was 15.90%.

XCNQ:PLCN's Gross Margin % is ranked worse than
93.94% of 990 companies
in the Drug Manufacturers industry
Industry Median: 46.74 vs XCNQ:PLCN: 5.88

Cannibble Food Tech had a gross margin of 85.19% for the quarter that ended in Sep. 2023 => Durable competitive advantage

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

Cannibble Food Tech Gross Margin % Historical Data

The historical data trend for Cannibble Food Tech'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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Cannibble Food Tech Gross Margin % Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

Gross Margin %

41.46

15.90

7.58

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial							-1,766.67	54.55	-67.86	-	85.19

Competitive Comparison of Cannibble Food Tech's Gross Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Cannibble Food Tech'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.

Cannibble Food Tech's Gross Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cannibble Food Tech's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cannibble Food Tech's Gross Margin % falls into.

Cannibble Food Tech Gross Margin % Calculation

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

Cannibble Food Tech'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 )
	=	0	/	0.132
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.132 - 0.122)	/	0.132
	=	7.58 %

Cannibble Food Tech's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.1	/	0.081
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.081 - 0.012)	/	0.081
	=	85.19 %

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.

Cannibble Food Tech (XCNQ:PLCN) 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

Cannibble Food Tech had a gross margin of 85.19% for the quarter that ended in Sep. 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.

Cannibble Food Tech Gross Margin % Related Terms

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Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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