ParcelPal Logistics (XCNQ:PKG) Gross Margin % : 39.56% (As of Sep. 2023)

View and export this data going back to 2013. Start your Free Trial

What is ParcelPal Logistics Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ParcelPal Logistics's Gross Profit for the three months ended in Sep. 2023 was C$1.44 Mil. ParcelPal Logistics's Revenue for the three months ended in Sep. 2023 was C$3.65 Mil. Therefore, ParcelPal Logistics's Gross Margin % for the quarter that ended in Sep. 2023 was 39.56%.

Warning Sign:

ParcelPal Logistics Inc gross margin has been in long-term decline. The average rate of decline per year is -3.7%.

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

XCNQ:PKG' s Gross Margin % Range Over the Past 10 Years
Min: 5.84 Med: 16.87 Max: 92.31
Current: 24.78

During the past 12 years, the highest Gross Margin % of ParcelPal Logistics was 92.31%. The lowest was 5.84%. And the median was 16.87%.

XCNQ:PKG's Gross Margin % is ranked better than
61.39% of 948 companies
in the Transportation industry
Industry Median: 20.01 vs XCNQ:PKG: 24.78

ParcelPal Logistics had a gross margin of 39.56% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ParcelPal Logistics was -3.70% per year.

ParcelPal Logistics Gross Margin % Historical Data

The historical data trend for ParcelPal Logistics'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.

ParcelPal Logistics Gross Margin % Chart

ParcelPal Logistics Annual Data

Trend

Sep13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

Get a 7-Day Free Trial

14.42

9.32

5.84

16.87

17.82

ParcelPal Logistics 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															23.42	11.94	20.07	12.07	39.56

Competitive Comparison of ParcelPal Logistics's Gross Margin %

For the Integrated Freight & Logistics subindustry, ParcelPal Logistics'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.

ParcelPal Logistics's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ParcelPal Logistics's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ParcelPal Logistics's Gross Margin % falls into.

ParcelPal Logistics Gross Margin % Calculation

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

ParcelPal Logistics'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 )
	=	2	/	11.243
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(11.243 - 9.239)	/	11.243
	=	17.82 %

ParcelPal Logistics'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 )
	=	1.4	/	3.645
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3.645 - 2.203)	/	3.645
	=	39.56 %

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.

ParcelPal Logistics (XCNQ:PKG) 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

ParcelPal Logistics had a gross margin of 39.56% for the quarter that ended in Sep. 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.

ParcelPal Logistics Gross Margin % Related Terms

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

ParcelPal Logistics (XCNQ:PKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ParcelPal Logistics Inc (XCNQ:PKG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

PTNYF:USA PT0A:Germany

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.parcelpal.com

ParcelPal Logistics Inc is a Canadian-based company that specializes in last-mile delivery service and logistics solutions, providing businesses with a smart, reliable, and affordable delivery service powered by the company's licensed technology platform. It is a customer-driven, courier and logistics company connecting people and businesses through its network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, and now in the western region of the United States. Some of its verticals include pharmacy & health, meal kit deliveries, retail, groceries, and more.