FCHS (First Choice Healthcare Solutions) Gross Profit : $0.02 Mil (TTM As of Sep. 2024)

First Choice Healthcare Solutions Gross Profit Chart

First Choice Healthcare Solutions Annual Data
	Trend	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec22	Dec23
Gross Profit		Get a 7-Day Free Trial					19.52	29.46	28.74	1.07	0.03

First Choice Healthcare Solutions Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Profit	Get a 7-Day Free Trial															0.01	0.04	0.01	-	-0.03

Competitive Comparison of First Choice Healthcare Solutions's Gross Profit

For the Medical Care Facilities subindustry, First Choice Healthcare Solutions'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.

First Choice Healthcare Solutions's Gross Profit Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, First Choice Healthcare Solutions's Gross Profit distribution charts can be found below:

* The bar in red indicates where First Choice Healthcare Solutions's Gross Profit falls into.

First Choice Healthcare Solutions Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

First Choice Healthcare Solutions's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

First Choice Healthcare Solutions's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.02 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

First Choice Healthcare Solutions's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

* 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.

First Choice Healthcare Solutions  (OTCPK:FCHS) 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

First Choice Healthcare Solutions had a gross margin of N/A% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

First Choice Healthcare Solutions Gross Profit Related Terms

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First Choice Healthcare Solutions Business Description