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Bit Brother's gross profit for the
six
months ended in Jun. 2023 was $-3.00 Mil. Bit Brother's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was $-4.07 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Bit Brother's gross profit for the
six
months ended in Jun. 2023 was $-3.00 Mil. Bit Brother's Revenue for the
six
months ended in Jun. 2023 was $2.25 Mil. Therefore, Bit Brother's Gross Margin % for the quarter that ended in Jun. 2023 was -133.48%.
Bit Brother had a gross margin of -133.48% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage
Bit Brother (OTCPK:BETSF) Gross Profit 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
Bit Brother had a gross margin of -133.48% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage
Bit Brother Gross Profit Related Terms
Bit Brother Gross Profit Historical Data
* Premium members only.
The historical data trend for Bit Brother's Gross Profit 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.
BETSF vs BTCS, MIGI, ATIF: Gross Profit Comparison
For the Capital Markets subindustry, Bit Brother's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Bit Brother Gross Profit vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bit Brother's Gross Profit distribution charts can be found below:
* The bar in red indicates where Bit Brother's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.07 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Bit Brother (BETSF) has a Gross Profit of $-4.07 Mil as of Jun. 2023. Gross Profit equals net sales less total cost of goods sold. View historical data on Bit Brother and its competitors.
Is Bit Brother's Gross Profit too high?
Bit Brother's current Gross Profit is $-4.07 Mil. Overall, Bit Brother has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Bit Brother's Gross Profit compare to BTCS and MIGI?
Bit Brother's Gross Profit of $-4.07 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Capital Markets company?
A good Gross Profit depends on the Capital Markets industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Bit Brother and its competitors. Bit Brother's current Gross Profit is $-4.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bit Brother stock overvalued right now?
Bit Brother (BETSF) has a current Gross Profit of $-4.07 Mil. The current Gross Profit is $-4.07 Mil. Bit Brother's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Bit Brother (BETSF), the current Gross Profit is $-4.07 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.
16GF Score
Get the complete analysis for BETSF
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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