TruTrace Technologies (XCNQ:TTT) Gross Profit : C$-0.20 Mil (TTM As of Jan. 2023)

TruTrace Technologies Gross Profit Chart

TruTrace Technologies Annual Data
	Trend	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Apr19	Apr20	Apr21	Apr22
Gross Profit		Get a 7-Day Free Trial					-	-1.38	-0.41	-0.34	-0.44

TruTrace Technologies Quarterly Data
	Mar18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Gross Profit	Get a 7-Day Free Trial															-0.12	-0.01	-0.08	-0.04	-0.08

Competitive Comparison of TruTrace Technologies's Gross Profit

For the Software - Application subindustry, TruTrace Technologies'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.

TruTrace Technologies's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, TruTrace Technologies's Gross Profit distribution charts can be found below:

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

TruTrace Technologies Gross Profit Calculation

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

TruTrace Technologies's Gross Profit for the fiscal year that ended in Apr. 2022 is calculated as

TruTrace Technologies's Gross Profit for the quarter that ended in Jan. 2023 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 C$-0.20 Mil.

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

TruTrace Technologies's Gross Margin % for the quarter that ended in Jan. 2023 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.

TruTrace Technologies  (XCNQ:TTT) 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

TruTrace Technologies had a gross margin of -288.46% for the quarter that ended in Jan. 2023 => No sustainable competitive advantage

TruTrace Technologies Gross Profit Related Terms

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TruTrace Technologies (XCNQ:TTT) Business Description