Freedom Internet Group's gross profit for the
three
months ended in Jan. 2023 was $-0.01 Mil. Freedom Internet Group's gross profit for the trailing twelve months (TTM) ended in Jan. 2023 was $-0.06 Mil.
* 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 Freedom Internet Group's Gross Profit
For the Asset Management subindustry, Freedom Internet 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.
Freedom Internet Group's Gross Profit Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Freedom Internet Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Freedom Internet Group's Gross Profit falls into.
Freedom Internet Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Freedom Internet Group's Gross Profit for the fiscal year that ended in Oct. 2022 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jan. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.06 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.
Freedom Internet Group (OTCPK:FIGI) 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
Freedom Internet Group had a gross margin of -55.00% for the quarter that ended in Jan. 2023 => No sustainable competitive advantage
Freedom Internet Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Freedom Internet Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Freedom Internet Group (Freedom Internet Group) Business Description
Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.
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