MetaWorks Platforms (XCNQ:MWRK) Gross Margin % : 114.94% (As of Dec. 2023)

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What is MetaWorks Platforms Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. MetaWorks Platforms's Gross Profit for the three months ended in Dec. 2023 was C$-0.18 Mil. MetaWorks Platforms's Revenue for the three months ended in Dec. 2023 was C$-0.15 Mil. Therefore, MetaWorks Platforms's Gross Margin % for the quarter that ended in Dec. 2023 was 114.94%.

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

XCNQ:MWRK' s Gross Margin % Range Over the Past 10 Years
Min: -338.98 Med: 46.26 Max: 123.2
Current: -5.56

During the past 13 years, the highest Gross Margin % of MetaWorks Platforms was 123.20%. The lowest was -338.98%. And the median was 46.26%.

XCNQ:MWRK's Gross Margin % is ranked worse than
97% of 2629 companies
in the Software industry
Industry Median: 41.73 vs XCNQ:MWRK: -5.56

MetaWorks Platforms had a gross margin of 114.94% for the quarter that ended in Dec. 2023 => Durable competitive advantage

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

MetaWorks Platforms Gross Margin % Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms Gross Margin % Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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123.40

88.48

-339.07

32.52

-6.10

MetaWorks Platforms 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															6.22	-980.85	90.12	90.30	114.94

Competitive Comparison of MetaWorks Platforms's Gross Margin %

For the Software - Application subindustry, MetaWorks Platforms'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.

MetaWorks Platforms's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, MetaWorks Platforms's Gross Margin % distribution charts can be found below:

* The bar in red indicates where MetaWorks Platforms's Gross Margin % falls into.

MetaWorks Platforms Gross Margin % Calculation

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

MetaWorks Platforms'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	/	0.557
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.557 - 0.591)	/	0.557
	=	-6.10 %

MetaWorks Platforms'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 )
	=	-0.2	/	-0.154
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(-0.154 - 0.023)	/	-0.154
	=	114.94 %

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.

MetaWorks Platforms (XCNQ:MWRK) 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

MetaWorks Platforms had a gross margin of 114.94% 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.

MetaWorks Platforms Gross Margin % Related Terms

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MetaWorks Platforms (XCNQ:MWRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (XCNQ:MWRK) » Definitions » Gross Margin %

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MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.