Cannabis Global's gross profit for the
three
months ended in May. 2022 was $0.01 Mil. Cannabis Global's gross profit for the trailing twelve months (TTM) ended in May. 2022 was $-0.06 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Cannabis Global's gross profit for the
three
months ended in May. 2022 was $0.01 Mil. Cannabis Global's Revenue for the
three
months ended in May. 2022 was $0.79 Mil. Therefore, Cannabis Global's Gross Margin % for the quarter that ended in May. 2022 was 1.52%.
Cannabis Global had a gross margin of 1.52% for the quarter that ended in May. 2022 => No sustainable competitive advantage
Cannabis Global Gross Profit Historical Data
The historical data trend for Cannabis Global's Gross Profit 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.
Competitive Comparison of Cannabis Global's Gross Profit
For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Global's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Cannabis Global's Gross Profit Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Cannabis Global's Gross Profit distribution charts can be found below:
* The bar in red indicates where Cannabis Global's Gross Profit falls into.
Cannabis Global Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Cannabis Global's Gross Profit for the fiscal year that ended in Aug. 2021 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.06 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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.
Cannabis Global (OTCPK:CBGL) Gross Profit 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
Cannabis Global had a gross margin of 1.52% for the quarter that ended in May. 2022 => No sustainable competitive advantage
Cannabis Global Gross Profit Related Terms
Thank you for viewing the detailed overview of Cannabis Global's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Cannabis Global (Cannabis Global) Business Description
Cannabis Global manufactures and distributes various cannabis products via its majority ownership of Natural Plant Extract, Inc is developing the Ethos Comply Bag, and generally conducts research and development in the areas of hemp, cannabis and consumer food goods. The company also have an active research and development program primarily focused on creating and commercializing engineered technologies that deliver hemp extracts and cannabinoids to the human body. Its product includes cannabis flower packaged in various weights, cannabis Pre-rolls, cannabis edible products.
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