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Lifeist Wellness (Lifeist Wellness) Gross Profit : $2.51 Mil (TTM As of Feb. 2024)


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What is Lifeist Wellness Gross Profit?

Lifeist Wellness's gross profit for the three months ended in Feb. 2024 was $0.93 Mil. Lifeist Wellness's gross profit for the trailing twelve months (TTM) ended in Feb. 2024 was $2.51 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Lifeist Wellness's gross profit for the three months ended in Feb. 2024 was $0.93 Mil. Lifeist Wellness's Revenue for the three months ended in Feb. 2024 was $3.65 Mil. Therefore, Lifeist Wellness's Gross Margin % for the quarter that ended in Feb. 2024 was 25.59%.

Lifeist Wellness had a gross margin of 25.59% for the quarter that ended in Feb. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Lifeist Wellness was 32.10%. The lowest was -12.39%. And the median was 12.55%.


Lifeist Wellness Gross Profit Historical Data

The historical data trend for Lifeist Wellness'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.

* Premium members only.

Lifeist Wellness Gross Profit Chart

Lifeist Wellness Annual Data
Trend Mar14 Mar15 Aug16 Aug17 Aug18 Nov19 Nov20 Nov21 Nov22 Nov23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 1.12 0.10 3.69 3.90

Lifeist Wellness Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 Aug23 Nov23 Feb24
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 1.20 1.05 1.03 0.54 0.93

Competitive Comparison of Lifeist Wellness's Gross Profit

For the Drug Manufacturers - Specialty & Generic subindustry, Lifeist Wellness'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.


Lifeist Wellness's Gross Profit Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lifeist Wellness's Gross Profit distribution charts can be found below:

* The bar in red indicates where Lifeist Wellness's Gross Profit falls into.



Lifeist Wellness Gross Profit Calculation

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

Lifeist Wellness's Gross Profit for the fiscal year that ended in Nov. 2023 is calculated as

Gross Profit (A: Nov. 2023 )=Revenue - Cost of Goods Sold
=15.802 - 11.903
=3.90

Lifeist Wellness's Gross Profit for the quarter that ended in Feb. 2024 is calculated as

Gross Profit (Q: Feb. 2024 )=Revenue - Cost of Goods Sold
=3.646 - 2.713
=0.93

Gross Profit for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.51 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Lifeist Wellness's Gross Margin % for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )=Gross Profit (Q: Feb. 2024 ) / Revenue (Q: Feb. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.93 / 3.646
=25.59 %

* 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.


Lifeist Wellness  (OTCPK:LFSWD) 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

Lifeist Wellness had a gross margin of 25.59% for the quarter that ended in Feb. 2024 => Competition eroding margins


Lifeist Wellness Gross Profit Related Terms

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Lifeist Wellness (Lifeist Wellness) Business Description

Traded in Other Exchanges
Address
18 Canso Road, Etobicoke, Toronto, ON, CAN, M9W 4L8
Lifeist Wellness Inc is a portfolio wellness company leveraging advancements in science and technology. Its portfolio of brands includes: CannMart Inc, a distributor of licensed and in-house branded adult-use cannabis and cannabis derived products in Canada; CannMart Marketplace Inc operates CannMart.com, an online marketplace for hemp-derived CBD and accessories in the U.S.; CannMart Labs Inc, licensed facility for BHO (butane hash oil) extraction within Canada; Findify, an artificial intelligence-powered technology platform, delivering solutions such as personalized search, recommendations, and advanced data analytics; Australian Vapes online supplier of hardware, including vaporizers, and related accessories and Mikra, a biosciences and consumer wellness company.