The Planting Hope Co (The Planting Hope Co) Gross Profit : $2.25 Mil (TTM As of Sep. 2023)

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What is The Planting Hope Co Gross Profit?

The Planting Hope Co's gross profit for the three months ended in Sep. 2023 was $0.43 Mil. The Planting Hope Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $2.25 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. The Planting Hope Co's gross profit for the three months ended in Sep. 2023 was $0.43 Mil. The Planting Hope Co's Revenue for the three months ended in Sep. 2023 was $1.59 Mil. Therefore, The Planting Hope Co's Gross Margin % for the quarter that ended in Sep. 2023 was 27.07%.

The Planting Hope Co had a gross margin of 27.07% for the quarter that ended in Sep. 2023 => Competition eroding margins

During the past 2 years, the highest Gross Margin % of The Planting Hope Co was 45.84%. The lowest was 25.22%. And the median was 35.53%.

The Planting Hope Co Gross Profit Historical Data

The historical data trend for The Planting Hope Co'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.

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The Planting Hope Co Gross Profit Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Gross Profit

1.06

2.27

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Gross Profit	Get a 7-Day Free Trial					0.93	0.34	0.22	1.60	0.43

Competitive Comparison of The Planting Hope Co's Gross Profit

For the Packaged Foods subindustry, The Planting Hope Co'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.

The Planting Hope Co's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Planting Hope Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where The Planting Hope Co's Gross Profit falls into.

The Planting Hope Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

The Planting Hope Co's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	8.981	-	6.716
	=	2.27

The Planting Hope Co's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1.592	-	1.161
	=	0.43

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.25 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

The Planting Hope Co'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	0.43	/	1.592
	=	27.07 %

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.

The Planting Hope Co (OTCPK:MYLKF) 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

The Planting Hope Co had a gross margin of 27.07% for the quarter that ended in Sep. 2023 => Competition eroding margins

The Planting Hope Co Gross Profit Related Terms

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The Planting Hope Co (The Planting Hope Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (OTCPK:MYLKF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

J94:Germany MYLK:Canada

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.