Gross Margin % is calculated as gross profit divided by its revenue. N2OFF's Gross Profit for the
three
months ended in Dec. 2023 was $0.12 Mil. N2OFF's Revenue for the
three
months ended in Dec. 2023 was $0.11 Mil. Therefore, N2OFF's Gross Margin % for the quarter that ended in Dec. 2023 was 114.15%.
The historical rank and industry rank for N2OFF's Gross Margin % or its related term are showing as below:
NITO'
s Gross Margin % Range Over the Past 10 Years
Min: 17.61 Med: 71.48 Max: 81.47
Current: 79.17
During the past 13 years, the highestGross Margin % of N2OFF was 81.47%. The lowest was 17.61%. And the median was 71.48%.
NITO's Gross Margin % is ranked better than 97.86% of 234
companies
in the Agriculture industry
Industry Median: 22.83
vs NITO: 79.17
N2OFF had a gross margin of 114.15% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for N2OFF was 11.60% per year.
N2OFF Gross Margin % Historical Data
The historical data trend for N2OFF'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.
For the Agricultural Inputs subindustry, N2OFF'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.
N2OFF's Gross Margin % Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, N2OFF's Gross Margin % distribution charts can be found below:
* The bar in red indicates where N2OFF's Gross Margin % falls into.
* 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.
N2OFF (NAS:NITO) 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
N2OFF had a gross margin of 114.15% 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.
N2OFF Gross Margin % Related Terms
Thank you for viewing the detailed overview of N2OFF's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Save Foods Inc is an agri-food tech company specializing in eco-crop protection that reduces food waste and ensures food safety. The company engaged in the business of developing, testing, and marketing solutions and products for extending the storability and shelf life of vegetables and fruits through its subsidiary. The company develops products that treat citrus fruits, sweet potatoes, and stored table potatoes and also provides storage control of fruits and vegetables. It has also started the commercialization of its products. Geographically, it generates the majority of its revenue from the United States and Mexico.
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