Avricore Health (Avricore Health) Gross Margin % : 36.97% (As of Dec. 2023)

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What is Avricore Health Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Avricore Health's Gross Profit for the three months ended in Dec. 2023 was $0.37 Mil. Avricore Health's Revenue for the three months ended in Dec. 2023 was $1.01 Mil. Therefore, Avricore Health's Gross Margin % for the quarter that ended in Dec. 2023 was 36.97%.

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

AVCRF' s Gross Margin % Range Over the Past 10 Years
Min: -6.67 Med: 32.2 Max: 51.52
Current: 34.75

During the past 13 years, the highest Gross Margin % of Avricore Health was 51.52%. The lowest was -6.67%. And the median was 32.20%.

AVCRF's Gross Margin % is ranked worse than
65.88% of 211 companies
in the Medical Diagnostics & Research industry
Industry Median: 45.55 vs AVCRF: 34.75

Avricore Health had a gross margin of 36.97% for the quarter that ended in Dec. 2023 => Competition eroding margins

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

Avricore Health Gross Margin % Historical Data

The historical data trend for Avricore Health'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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Avricore Health Gross Margin % Chart

Avricore Health Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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44.00

50.00

25.00

25.83

34.53

Avricore Health Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															37.76	17.25	41.75	27.56	36.97

Competitive Comparison of Avricore Health's Gross Margin %

For the Diagnostics & Research subindustry, Avricore Health'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.

Avricore Health's Gross Margin % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Avricore Health's Gross Margin % distribution charts can be found below:

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

Avricore Health Gross Margin % Calculation

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

Avricore Health'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	/	2.598
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.598 - 1.701)	/	2.598
	=	34.53 %

Avricore Health'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 )
	=	0.4	/	1.009
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.009 - 0.636)	/	1.009
	=	36.97 %

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.

Avricore Health (OTCPK:AVCRF) 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

Avricore Health had a gross margin of 36.97% 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.

Avricore Health Gross Margin % Related Terms

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Avricore Health (Avricore Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avricore Health Inc (OTCPK:AVCRF) » Definitions » Gross Margin %

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Traded in Other Exchanges

8VP1:Germany AVCR:Canada

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.avricorehealth.com

Avricore Health Inc is a Canada based company. The company is involved in the business of health data and point-of-care technologies. The Company has only one segment, being the HealthTab - Point of Care Business in Canada. The Company's revenues are generated from operating leases of the POCT system and sale of testing panels.