FIFG (First Foods Group) Gross Profit: $-0.03 Mil (TTM As of Sep. 2023)


What is First Foods Group Gross Profit?

First Foods Group FIFG -99.50% Gross Profit is $-0.03 Mil as of Sep. 2023.

First Foods Group's gross profit for the three months ended in Sep. 2023 was $0.00 Mil. First Foods Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.03 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. First Foods Group's gross profit for the three months ended in Sep. 2023 was $0.00 Mil. First Foods Group's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Therefore, First Foods Group's Gross Margin % for the quarter that ended in Sep. 2023 was N/A%.

First Foods Group had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

First Foods Group  (OTCPK:FIFG) 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 Foods Group had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

First Foods Group Gross Profit Related Terms

First Foods Group Gross Profit Historical Data

* Premium members only.

The historical data trend for First Foods Group'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.

First Foods Group Gross Profit Chart

First Foods Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Profit
Get a 7-Day Free Trial 0.25 0.31 0.17 0.13 0.01

First Foods Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 -0.04 0.00 0.00 0.00

FIFG vs BLIS, JFIL, FRTG: Gross Profit Comparison

For the Specialty Business Services subindustry, First Foods Group'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 Foods Group Gross Profit vs Business Services Industry

For the Business Services industry and Industrials sector, First Foods Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where First Foods Group's Gross Profit falls into.


First Foods Group Gross Profit Calculation

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

First Foods Group's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )=Revenue - Cost of Goods Sold
=0.085 - 0.08
=0.01

First Foods Group's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )=Revenue - Cost of Goods Sold
=0.001 - 0
=0.00

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 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 Foods Group'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 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.00 / 0.001
=N/A %

* 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.

Frequently Asked Questions Learn more about Gross Profit →
What does a Gross Profit of $-0.03 Mil mean?
First Foods Group (FIFG) has a Gross Profit of $-0.03 Mil as of Sep. 2023. Gross Profit equals net sales less total cost of goods sold. View historical data on First Foods Group and its competitors.
Is First Foods Group's Gross Profit too high?
First Foods Group's current Gross Profit is $-0.03 Mil.
How does First Foods Group's Gross Profit compare to BLIS and JFIL?
First Foods Group's Gross Profit of $-0.03 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Gross Profit depends on the Business Services 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 First Foods Group and its competitors. First Foods Group's current Gross Profit is $-0.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Foods Group stock overvalued right now?
First Foods Group (FIFG) has a current Gross Profit of $-0.03 Mil. The current Gross Profit is $-0.03 Mil. 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 First Foods Group (FIFG), the current Gross Profit is $-0.03 Mil as of Sep. 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.

First Foods Group Business Description

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014
First Foods Group Inc is a smaller reporting company focused on developing specialty chocolate product line and related IP through its Holy Cacao subsidiary. In addition, it is also involved in merchant cash advance participations. Key revenue is derived from merchant cash advance income. It is also involved in new health-related brands, concepts and products through FFGI Wholesaling Division and participating in merchant cash advances through First Foods Funding Division. The Company conducts business as two operating segments, First Foods and Holy Cacao.