Highmark Interactive's gross profit for the
three
months ended in Sep. 2022 was C$0.26 Mil. Highmark Interactive's gross profit for the trailing twelve months (TTM) ended in Sep. 2022 was C$0.62 Mil.
Highmark Interactive had a gross margin of 30.26% for the quarter that ended in Sep. 2022 => Competition eroding margins
Highmark Interactive Gross Profit Historical Data
The historical data trend for Highmark Interactive'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.
Competitive Comparison of Highmark Interactive's Gross Profit
For the Health Information Services subindustry, Highmark Interactive'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.
Highmark Interactive's Gross Profit Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Highmark Interactive's Gross Profit distribution charts can be found below:
* The bar in red indicates where Highmark Interactive's Gross Profit falls into.
Highmark Interactive Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Highmark Interactive's Gross Profit for the fiscal year that ended in Dec. 2021 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.62 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.
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
Highmark Interactive had a gross margin of 30.26% for the quarter that ended in Sep. 2022 => Competition eroding margins
Highmark Interactive Gross Profit Related Terms
Thank you for viewing the detailed overview of Highmark Interactive's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Highmark Interactive (TSXV:HMRK.H) Business Description
Highmark Interactive Inc provides a complete solution for brain health through its proprietary digital brain health assessment tools and its growing network of virtual, in-clinic, and hybrid clinics. The company has three reportable segments; Technology, Medical services and Corporate segment.
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