Cadiz (CDZI) Gross Margin %

: -105.41% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Cadiz's Gross Profit for the three months ended in Dec. 2023 was $-0.72 Mil. Cadiz's Revenue for the three months ended in Dec. 2023 was $0.68 Mil. Therefore, Cadiz's Gross Margin % for the quarter that ended in Dec. 2023 was -105.41%.

The historical rank and industry rank for Cadiz's Gross Margin % or its related term are showing as below:

CDZI' s Gross Margin % Range Over the Past 10 Years
Min: -45 Med: -23.79 Max: -6.25
Current: -43.9

During the past 13 years, the highest Gross Margin % of Cadiz was -6.25%. The lowest was -45.00%. And the median was -23.79%.

CDZI's Gross Margin % is ranked worse than
99.8% of 503 companies
in the Utilities - Regulated industry
Industry Median: 28.6 vs CDZI: -43.90

Cadiz had a gross margin of -105.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cadiz was 0.00% per year.

Cadiz Gross Margin % Historical Data

The historical data trend for Cadiz's Gross Margin % 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.

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Cadiz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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-37.71

-45.00

Cadiz Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-57.49	-	5.07	-88.04	-105.41

Competitive Comparison

For the Utilities - Regulated Water subindustry, Cadiz's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Cadiz Gross Margin % Distribution

For the Utilities - Regulated industry and Utilities sector, Cadiz's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cadiz's Gross Margin % falls into.

Cadiz Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Cadiz's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-0.9	/	1.991
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.991 - 2.887)	/	1.991
	=	-45.00 %

Cadiz's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.7	/	0.684
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.684 - 1.405)	/	0.684
	=	-105.41 %

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.

Cadiz (NAS:CDZI) Gross Margin % 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

Cadiz had a gross margin of -105.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Cadiz Gross Margin % Related Terms

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Cadiz (CDZI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cadiz Inc (NAS:CDZI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

2ZC:Germany

Address

550 South Hope Street, Suite 2850, Los Angeles, CA, USA, 90071

Website

https://www.cadizinc.com

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

Executives

Susan P Kennedy	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Winston H Hickox	director	C/O THOMAS PROPERTIES GROUP, INC., 515 SOUTH FLOWER STREET, 6TH FLOOR, LOS ANGELES CA 90071
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Scott S Slater	director, officer: Chief Executive Officer	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Heerema International Group Services Sa	10 percent owner	ROUTE DE FLORISSANT 81, GENEVE V8 1206
Kenneth T Lombard	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Richard Garcia Polanco	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Stephen E Courter	director	C/O CADIZ INC., 550 SOUTH HOPE STREET, 2850, LOS ANGELES X1 90071
Webb De Macias Carolyn D	director	304 NORTH ALMANSOR STREET, ALHAMBRA CA 91801
Maria Echaveste	director	1511 ARCH STREET, BERKELEY CA 94708
Odey Asset Management Llp	10 percent owner	18 UPPER BROOK STREET, LONDON, UNITED KINGDOM X0 W1K 7PU
Odey Holdings Ltd	10 percent owner	18 UPPER BROOK STREET, LONDON X0 W1K 7PU
Odey Robin Crispin William	10 percent owner	18 UPPER BROOK STREET, LONDON, UNITED KINGDOM X0 W1K 7PU
Odey Asset Management Group Ltd	10 percent owner	18 UPPER BROOK STREET, LONDON X0 W1K 7PU
Keith Brackpool	director, officer: Chief Executive Officer	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071