Comet Industries (TSXV:CMU) Gross Margin % : 31.71% (As of Oct. 2023)

View and export this data going back to 1972. Start your Free Trial

What is Comet Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Comet Industries's Gross Profit for the three months ended in Oct. 2023 was C$0.01 Mil. Comet Industries's Revenue for the three months ended in Oct. 2023 was C$0.04 Mil. Therefore, Comet Industries's Gross Margin % for the quarter that ended in Oct. 2023 was 31.71%.

Warning Sign:

Comet Industries Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.4%.

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

TSXV:CMU' s Gross Margin % Range Over the Past 10 Years
Min: 60.47 Med: 77.06 Max: 82.34
Current: 75.32

During the past 13 years, the highest Gross Margin % of Comet Industries was 82.34%. The lowest was 60.47%. And the median was 77.06%.

TSXV:CMU's Gross Margin % is ranked better than
85.74% of 1655 companies
in the Real Estate industry
Industry Median: 36.8 vs TSXV:CMU: 75.32

Comet Industries had a gross margin of 31.71% for the quarter that ended in Oct. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Comet Industries was -3.40% per year.

Comet Industries Gross Margin % Historical Data

The historical data trend for Comet Industries'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.

* Premium members only.

Comet Industries Gross Margin % Chart

Comet Industries Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Gross Margin %

Get a 7-Day Free Trial

81.00

77.33

63.87

60.47

76.35

Comet Industries 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															67.11	86.30	76.73	75.00	31.71

Competitive Comparison of Comet Industries's Gross Margin %

For the Real Estate Services subindustry, Comet Industries'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.

Comet Industries's Gross Margin % Distribution in the Real Estate Industry

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

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

Comet Industries Gross Margin % Calculation

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

Comet Industries's Gross Margin for the fiscal year that ended in Jan. 2023 is calculated as

Gross Margin % (A: Jan. 2023 )	=	Gross Profit (A: Jan. 2023 )	/	Revenue (A: Jan. 2023 )
	=	0.5	/	0.609
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.609 - 0.144)	/	0.609
	=	76.35 %

Comet Industries'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	/	0.041
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.041 - 0.028)	/	0.041
	=	31.71 %

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.

Comet Industries (TSXV:CMU) 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

Comet Industries had a gross margin of 31.71% for the quarter that ended in Oct. 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.

Comet Industries Gross Margin % Related Terms

Thank you for viewing the detailed overview of Comet Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Comet Industries (TSXV:CMU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Comet Industries Ltd (TSXV:CMU) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1177 West Hastings Street, Suite 1610, Vancouver, BC, CAN, V6E 2K3

Website

Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties, and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, Pender Harbor and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment. It owns an interest in the big onion zone on the iron mask property, which consists of approximately five crown granted mineral claims.