Comet Industries (TSXV:CMU) Gross Profit : C$0.35 Mil (TTM As of Oct. 2023)

Comet Industries Gross Profit Chart

Comet Industries Annual Data
	Trend	Jan14	Jan15	Jan16	Jan17	Jan18	Jan19	Jan20	Jan21	Jan22	Jan23
Gross Profit		Get a 7-Day Free Trial					0.45	0.40	0.20	0.26	0.47

Comet Industries Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Gross Profit	Get a 7-Day Free Trial															0.10	0.13	0.12	0.09	0.01

Competitive Comparison of Comet Industries's Gross Profit

For the Real Estate Services subindustry, Comet Industries'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.

Comet Industries's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's Gross Profit distribution charts can be found below:

* The bar in red indicates where Comet Industries's Gross Profit falls into.

Comet Industries Gross Profit Calculation

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

Comet Industries's Gross Profit for the fiscal year that ended in Jan. 2023 is calculated as

Comet Industries's Gross Profit for the quarter that ended in Oct. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.35 Mil.

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

Comet Industries's Gross Margin % for the quarter that ended in Oct. 2023 is calculated as

* 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.

Comet Industries  (TSXV:CMU) 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

Comet Industries had a gross margin of 31.71% for the quarter that ended in Oct. 2023 => Competition eroding margins

Comet Industries Gross Profit Related Terms

Thank you for viewing the detailed overview of Comet Industries's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

Comet Industries (TSXV:CMU) Business Description