Nitches (Nitches) Gross Profit : $-0.01 Mil (TTM As of Feb. 2024)

Nitches Gross Profit Chart

Nitches Annual Data
	Trend	Aug00	Aug01	Aug02	Aug03	Aug04	Aug05	Aug06	Aug07	Aug22	Aug23
Gross Profit		Get a 7-Day Free Trial					5.79	14.85	20.36	-	-0.01

Nitches Quarterly Data
	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Profit	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-	-

Competitive Comparison of Nitches's Gross Profit

For the Apparel Manufacturing subindustry, Nitches'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.

Nitches's Gross Profit Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitches's Gross Profit distribution charts can be found below:

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

Nitches Gross Profit Calculation

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

Nitches's Gross Profit for the fiscal year that ended in Aug. 2023 is calculated as

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

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 $-0.01 Mil.

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

Nitches's Gross Margin % for the quarter that ended in Feb. 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.

Nitches  (OTCPK:NICH) 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

Nitches had a gross margin of 60.00% for the quarter that ended in Feb. 2024 => Durable competitive advantage

Nitches Gross Profit Related Terms

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Nitches (Nitches) Business Description