Video River Networks (Video River Networks) Gross Margin % : 105.73% (As of Dec. 2023)

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What is Video River Networks Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Video River Networks's Gross Profit for the three months ended in Dec. 2023 was $-0.50 Mil. Video River Networks's Revenue for the three months ended in Dec. 2023 was $-0.47 Mil. Therefore, Video River Networks's Gross Margin % for the quarter that ended in Dec. 2023 was 105.73%.

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

NIHK' s Gross Margin % Range Over the Past 10 Years
Min: 5.91 Med: 35.85 Max: 64.6
Current: 57.08

During the past 13 years, the highest Gross Margin % of Video River Networks was 64.60%. The lowest was 5.91%. And the median was 35.85%.

NIHK's Gross Margin % is ranked better than
69.49% of 1655 companies
in the Real Estate industry
Industry Median: 36.78 vs NIHK: 57.08

Video River Networks had a gross margin of 105.73% for the quarter that ended in Dec. 2023 => Durable competitive advantage

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

Video River Networks Gross Margin % Historical Data

The historical data trend for Video River Networks'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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Video River Networks Gross Margin % Chart

Video River Networks Annual Data

Trend

Dec06

Dec07

Dec08

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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5.91

35.85

64.60

56.99

Video River Networks 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															14.60	84.25	74.39	-	105.73

Competitive Comparison of Video River Networks's Gross Margin %

For the Real Estate - Diversified subindustry, Video River Networks'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.

Video River Networks's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Video River Networks's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Video River Networks's Gross Margin % falls into.

Video River Networks Gross Margin % Calculation

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

Video River Networks'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 )
	=	0.4	/	0.665
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.665 - 0.286)	/	0.665
	=	56.99 %

Video River Networks'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 )
	=	-0.5	/	-0.471
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(-0.471 - 0.027)	/	-0.471
	=	105.73 %

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.

Video River Networks (OTCPK:NIHK) 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

Video River Networks had a gross margin of 105.73% for the quarter that ended in Dec. 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.

Video River Networks Gross Margin % Related Terms

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Video River Networks (Video River Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Video River Networks Inc (OTCPK:NIHK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

370 Amapola Avenue, Suite 200A, Torrance, CA, USA, 90501

Website

https://www.videorivernetworks.net

Video River Networks Inc is a specialty real estate holding company. The company has two lines of real estate business which is to promote and preserve affordable housing and economic development across urban neighborhoods in the United States. It is also involved in the Electric Vehicles (EV) business, Artificial Intelligence, Machine Learning and Robotics assets, businesses and operations in North America.

Executives

Frank I Igwealor	director, 10 percent owner, officer: President and CEO	370 AMAPOLA AVE, SUITE 200A, TORRANCE CA 90501
Cannabinoid Biosciences, Inc.	director, 10 percent owner, officer: President and CEO	3699 WILSHIRE BLVD., SUITE 610, LOS ANGELES CA 90010
Video River Networks, Inc.	director, 10 percent owner, officer: President and CEO	1333 N. BUFFALO DR., SUITE 210, LAS VEGAS NV 89128
Daniel P Mcredmond	officer: Corporate Controller
Max Polinsky	director	10715 GULFDALE STE 200, SAN ANTONIO TX 78216
Patrick A Gorman	director
H Douglas Saathoff	officer: CEO
Myron Anduri	10 percent owner, officer: President, as of 01/01/04
Steven H. Jacobson	10 percent owner	P.O. BOX 24947, DENVER CO 80224-0947