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Pangea Natural Foods (XCNQ:PNGA) Gross Margin % : 12.50% (As of Jan. 2024)


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What is Pangea Natural Foods Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Pangea Natural Foods's Gross Profit for the three months ended in Jan. 2024 was C$0.00 Mil. Pangea Natural Foods's Revenue for the three months ended in Jan. 2024 was C$0.01 Mil. Therefore, Pangea Natural Foods's Gross Margin % for the quarter that ended in Jan. 2024 was 12.50%.


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

XCNQ:PNGA' s Gross Margin % Range Over the Past 10 Years
Min: -24.52   Med: -2.24   Max: 7.06
Current: -24.52


During the past 3 years, the highest Gross Margin % of Pangea Natural Foods was 7.06%. The lowest was -24.52%. And the median was -2.24%.

XCNQ:PNGA's Gross Margin % is ranked worse than
98.29% of 1808 companies
in the Consumer Packaged Goods industry
Industry Median: 25.19 vs XCNQ:PNGA: -24.52

Pangea Natural Foods had a gross margin of 12.50% for the quarter that ended in Jan. 2024 => No sustainable competitive advantage

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


Pangea Natural Foods Gross Margin % Historical Data

The historical data trend for Pangea Natural Foods'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.

* Premium members only.

Pangea Natural Foods Gross Margin % Chart

Pangea Natural Foods Annual Data
Trend Oct21 Oct22 Oct23
Gross Margin %
- 7.06 -11.54

Pangea Natural Foods Quarterly Data
Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Gross Margin % Get a 7-Day Free Trial Premium Member Only 4.32 1.59 5.56 -1,400.00 12.50

Competitive Comparison of Pangea Natural Foods's Gross Margin %

For the Packaged Foods subindustry, Pangea Natural Foods'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.


Pangea Natural Foods's Gross Margin % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Pangea Natural Foods's Gross Margin % falls into.



Pangea Natural Foods Gross Margin % Calculation

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

Pangea Natural Foods'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 / 0.286
=(Revenue - Cost of Goods Sold) / Revenue
=(0.286 - 0.319) / 0.286
=-11.54 %

Pangea Natural Foods'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 / 0.008
=(Revenue - Cost of Goods Sold) / Revenue
=(0.008 - 0.007) / 0.008
=12.50 %

* 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.


Pangea Natural Foods  (XCNQ:PNGA) 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

Pangea Natural Foods had a gross margin of 12.50% for the quarter that ended in Jan. 2024 => 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.


Pangea Natural Foods Gross Margin % Related Terms

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Pangea Natural Foods (XCNQ:PNGA) Business Description

Traded in Other Exchanges
Address
8035 - 130th Street, Surrey, BC, CAN, V3W 0H7
Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.

Pangea Natural Foods (XCNQ:PNGA) Headlines

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