Innovative Designs (Innovative Designs) Gross Margin %

: 50.81% (As of Oct. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Innovative Designs's Gross Profit for the three months ended in Oct. 2023 was $0.06 Mil. Innovative Designs's Revenue for the three months ended in Oct. 2023 was $0.12 Mil. Therefore, Innovative Designs's Gross Margin % for the quarter that ended in Oct. 2023 was 50.81%.

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

IVDN' s Gross Margin % Range Over the Past 10 Years
Min: 24.4 Med: 43.48 Max: 57.08
Current: 51.72

During the past 13 years, the highest Gross Margin % of Innovative Designs was 57.08%. The lowest was 24.40%. And the median was 43.48%.

IVDN's Gross Margin % is ranked better than
75.64% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.74 vs IVDN: 51.72

Innovative Designs had a gross margin of 50.81% for the quarter that ended in Oct. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Innovative Designs was 13.40% per year.

Innovative Designs Gross Margin % Historical Data

The historical data trend for Innovative Designs'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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Innovative Designs Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Gross Margin %

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41.20

35.15

57.08

43.24

51.72

Innovative Designs Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Gross Margin %	Get a 7-Day Free Trial															-54.17	76.39	51.85	38.40	50.81

Competitive Comparison

For the Apparel Retail subindustry, Innovative Designs'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.

Innovative Designs Gross Margin % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Innovative Designs's Gross Margin % distribution charts can be found below:

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

Innovative Designs Gross Margin % Calculation

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

Innovative Designs's Gross Margin for the fiscal year that ended in Oct. 2023 is calculated as

Gross Margin % (A: Oct. 2023 )	=	Gross Profit (A: Oct. 2023 )	/	Revenue (A: Oct. 2023 )
	=	0.2	/	0.348
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.348 - 0.168)	/	0.348
	=	51.72 %

Innovative Designs's Gross Margin for the quarter that ended in Oct. 2023 is calculated as

Gross Margin % (Q: Oct. 2023 )	=	Gross Profit (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	0.1	/	0.124
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.124 - 0.061)	/	0.124
	=	50.81 %

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.

Innovative Designs (OTCPK:IVDN) 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

Innovative Designs had a gross margin of 50.81% for the quarter that ended in Oct. 2023 => Durable 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.

Innovative Designs Gross Margin % Related Terms

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Innovative Designs (Innovative Designs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovative Designs Inc (OTCPK:IVDN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Cherry Street, Pittsburgh, PA, USA, 15223

Website

https://www.idigear.com

Innovative Designs Inc markets cold-weather recreational and industrial clothing products, as well as house wrap, which is made from INSULTEX, a low density foamed polyethylene with buoyancy, scent block and thermal resistant properties. The business activity of the firm is operated through two segments Apparel and Housewrap. The Apparel segment offers a range of cold weather apparel and related items. The Housewrap segment includes its INSULTEX House Wrap and its own seam tape. It generates maximum revenue from the Housewrap segment.

Executives

Robert Kennedy Adams	director	3509 WILLIAM PENN DR., SAN ANTONIO TX 78230
Donald Vincent Garlotta	director	124 CHERRY STREET, PITTSBURGH PA 15223
Joseph Riccelli	director, 10 percent owner, officer: Chief Executive Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean Kolocouris	director	109 FOX PATH, MOON TWP PA 15108
Daniel P Rains	director	2509 WIEWAN ROAD, ALIQUIPPA PA 15001
Robert D Monsour	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Innovative Designs Inc	director	124 CHERRY ST., STE 1, PITTSBURGH PA 15223
Joseph A Riccelli	officer: Vice President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean P Kolocouris	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Frank Riccelli	director, 10 percent owner, officer: President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dominic Cerniglia	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Anthony Fonzi	director, officer: Chief Financial Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215