The historical rank and industry rank for Novaccess Global's Gross Margin % or its related term are showing as below:
During the past 13 years, the highestGross Margin % of Novaccess Global was 36.88%. The lowest was 24.92%. And the median was 32.57%.
XSNX's Gross Margin % is not ranked *
in the Biotechnology industry.
Industry Median: 60.72 * Ranked among companies with meaningful Gross Margin % only.
Novaccess Global had a gross margin of N/A% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Novaccess Global was 0.00% per year.
Novaccess Global Gross Margin % Historical Data
The historical data trend for Novaccess Global'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.
Competitive Comparison of Novaccess Global's Gross Margin %
For the Biotechnology subindustry, Novaccess Global'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.
Novaccess Global's Gross Margin % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Novaccess Global's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Novaccess Global's Gross Margin % falls into.
* 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.
Novaccess Global (OTCPK:XSNX) 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
Novaccess Global had a gross margin of N/A% for the quarter that ended in Jun. 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.
Novaccess Global Gross Margin % Related Terms
Thank you for viewing the detailed overview of Novaccess Global's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Novaccess Global Inc is a biopharmaceutical company that is developing novel immunotherapies to treat brain tumor patients in the United States. The company's team of experts is working to strengthen the capability of the human body's defense against cancer.
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