SLANG Worldwide (XCNQ:SLNG) Gross Margin % : 50.53% (As of Dec. 2023)

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What is SLANG Worldwide Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SLANG Worldwide's Gross Profit for the three months ended in Dec. 2023 was C$3.70 Mil. SLANG Worldwide's Revenue for the three months ended in Dec. 2023 was C$7.32 Mil. Therefore, SLANG Worldwide's Gross Margin % for the quarter that ended in Dec. 2023 was 50.53%.

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

XCNQ:SLNG' s Gross Margin % Range Over the Past 10 Years
Min: 40.04 Med: 44.94 Max: 52.18
Current: 52.18

During the past 7 years, the highest Gross Margin % of SLANG Worldwide was 52.18%. The lowest was 40.04%. And the median was 44.94%.

XCNQ:SLNG's Gross Margin % is ranked better than
59.86% of 984 companies
in the Drug Manufacturers industry
Industry Median: 46.73 vs XCNQ:SLNG: 52.18

SLANG Worldwide had a gross margin of 50.53% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SLANG Worldwide was 0.00% per year.

SLANG Worldwide Gross Margin % Historical Data

The historical data trend for SLANG Worldwide'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.

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SLANG Worldwide Gross Margin % Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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44.94

49.85

40.04

43.06

52.18

SLANG Worldwide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															39.86	52.80	51.52	53.38	50.53

Competitive Comparison of SLANG Worldwide's Gross Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide'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.

SLANG Worldwide's Gross Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, SLANG Worldwide's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SLANG Worldwide's Gross Margin % falls into.

SLANG Worldwide Gross Margin % Calculation

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

SLANG Worldwide's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	18.6	/	35.682
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(35.682 - 17.063)	/	35.682
	=	52.18 %

SLANG Worldwide's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3.7	/	7.322
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7.322 - 3.622)	/	7.322
	=	50.53 %

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.

SLANG Worldwide (XCNQ:SLNG) 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

SLANG Worldwide had a gross margin of 50.53% 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.

SLANG Worldwide Gross Margin % Related Terms

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SLANG Worldwide (XCNQ:SLNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (XCNQ:SLNG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SLGWF:USA

Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.

Executives

Christopher Lee Driessen

Director, Senior Officer