CO2 Gro (TSXV:GROW) Gross Margin % : 60.78% (As of Sep. 2023)

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What is CO2 Gro Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CO2 Gro's Gross Profit for the three months ended in Sep. 2023 was C$0.17 Mil. CO2 Gro's Revenue for the three months ended in Sep. 2023 was C$0.28 Mil. Therefore, CO2 Gro's Gross Margin % for the quarter that ended in Sep. 2023 was 60.78%.

The historical rank and industry rank for CO2 Gro's Gross Margin % or its related term are showing as below:

TSXV:GROW' s Gross Margin % Range Over the Past 10 Years
Min: -927.27 Med: -56.61 Max: 56.77
Current: 56.77

During the past 12 years, the highest Gross Margin % of CO2 Gro was 56.77%. The lowest was -927.27%. And the median was -56.61%.

TSXV:GROW's Gross Margin % is ranked better than
93.16% of 234 companies
in the Agriculture industry
Industry Median: 22.83 vs TSXV:GROW: 56.77

CO2 Gro had a gross margin of 60.78% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CO2 Gro was 0.00% per year.

CO2 Gro Gross Margin % Historical Data

The historical data trend for CO2 Gro'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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CO2 Gro Gross Margin % Chart

CO2 Gro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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-927.27

-119.78

6.56

24.91

CO2 Gro Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															-	70.66	65.12	-66.67	60.78

Competitive Comparison of CO2 Gro's Gross Margin %

For the Agricultural Inputs subindustry, CO2 Gro'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.

CO2 Gro's Gross Margin % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CO2 Gro's Gross Margin % distribution charts can be found below:

* The bar in red indicates where CO2 Gro's Gross Margin % falls into.

CO2 Gro Gross Margin % Calculation

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

CO2 Gro's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	0.1	/	0.285
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.285 - 0.214)	/	0.285
	=	24.91 %

CO2 Gro's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.2	/	0.283
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.283 - 0.111)	/	0.283
	=	60.78 %

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.

CO2 Gro (TSXV:GROW) 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

CO2 Gro had a gross margin of 60.78% for the quarter that ended in Sep. 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.

CO2 Gro Gross Margin % Related Terms

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CO2 Gro (TSXV:GROW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CO2 Gro Inc (TSXV:GROW) » Definitions » Gross Margin %

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BLONF:USA

Address

40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.co2gro.ca

CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.

Executives

Stephen Mark Gledhill

Senior Officer