Aurora Cannabis (Aurora Cannabis) Gross Margin % : 30.74% (As of Dec. 2023)

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What is Aurora Cannabis Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Aurora Cannabis's Gross Profit for the three months ended in Dec. 2023 was $14.8 Mil. Aurora Cannabis's Revenue for the three months ended in Dec. 2023 was $48.0 Mil. Therefore, Aurora Cannabis's Gross Margin % for the quarter that ended in Dec. 2023 was 30.74%.

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

ACB' s Gross Margin % Range Over the Past 10 Years
Min: -8.79 Med: 68.43 Max: 153.02
Current: 36.69

During the past 13 years, the highest Gross Margin % of Aurora Cannabis was 153.02%. The lowest was -8.79%. And the median was 68.43%.

ACB's Gross Margin % is ranked worse than
68.89% of 990 companies
in the Drug Manufacturers industry
Industry Median: 46.765 vs ACB: 36.69

Aurora Cannabis had a gross margin of 30.74% for the quarter that ended in Dec. 2023 => Competition eroding margins

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

Aurora Cannabis Gross Margin % Historical Data

The historical data trend for Aurora Cannabis'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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Aurora Cannabis Gross Margin % Chart

Aurora Cannabis Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Gross Margin %

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88.87

78.84

58.01

-7.42

-8.79

Aurora Cannabis 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															-26.22	29.13	33.33	54.32	30.74

Competitive Comparison of Aurora Cannabis's Gross Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Aurora Cannabis'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.

Aurora Cannabis's Gross Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Aurora Cannabis's Gross Margin % distribution charts can be found below:

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

Aurora Cannabis Gross Margin % Calculation

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

Aurora Cannabis's Gross Margin for the fiscal year that ended in Jun. 2021 is calculated as

Gross Margin % (A: Jun. 2021 )	=	Gross Profit (A: Jun. 2021 )	/	Revenue (A: Jun. 2021 )
	=	-17.6	/	200.697
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(200.697 - 218.339)	/	200.697
	=	-8.79 %

Aurora Cannabis'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 )
	=	14.8	/	48.017
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(48.017 - 33.256)	/	48.017
	=	30.74 %

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.

Aurora Cannabis (NAS:ACB) 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

Aurora Cannabis had a gross margin of 30.74% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

Aurora Cannabis Gross Margin % Related Terms

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Aurora Cannabis (Aurora Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aurora Cannabis Inc (NAS:ACB) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

21P1:Germany ACB:Canada

Address

3498 63 Avenue, Leduc, AB, CAN, T9E 0G8

Website

https://www.auroramj.com

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements.