Eqonex (Eqonex) Gross Profit : $-30.22 Mil (TTM As of Mar. 2022)

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What is Eqonex Gross Profit?

Eqonex's gross profit for the six months ended in Mar. 2022 was $-14.90 Mil. Eqonex's gross profit for the trailing twelve months (TTM) ended in Mar. 2022 was $-30.22 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Eqonex's gross profit for the six months ended in Mar. 2022 was $-14.90 Mil. Eqonex's Revenue for the six months ended in Mar. 2022 was $1.71 Mil. Therefore, Eqonex's Gross Margin % for the quarter that ended in Mar. 2022 was -870.66%.

Eqonex had a gross margin of -870.66% for the quarter that ended in Mar. 2022 => No sustainable competitive advantage

Eqonex Gross Profit Historical Data

The historical data trend for Eqonex'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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Eqonex Gross Profit Chart

Eqonex Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Gross Profit

-7.59

-25.61

-44.15

-30.22

Eqonex Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Gross Profit	Get a 7-Day Free Trial			-17.26	-29.20	-14.95	-15.32	-14.90

Competitive Comparison of Eqonex's Gross Profit

For the Capital Markets subindustry, Eqonex'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.

Eqonex's Gross Profit Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Eqonex's Gross Profit distribution charts can be found below:

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

Eqonex Gross Profit Calculation

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

Eqonex's Gross Profit for the fiscal year that ended in Mar. 2022 is calculated as

Gross Profit (A: Mar. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	5.295	-	35.511
	=	-30.22

Eqonex's Gross Profit for the quarter that ended in Mar. 2022 is calculated as

Gross Profit (Q: Mar. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	1.711	-	16.608
	=	-14.90

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-30.22 Mil.

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

Eqonex's Gross Margin % for the quarter that ended in Mar. 2022 is calculated as

Gross Margin % (Q: Mar. 2022 )	=	Gross Profit (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	-14.90	/	1.711
	=	-870.66 %

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.

Eqonex (OTCPK:EQOSQ) 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

Eqonex had a gross margin of -870.66% for the quarter that ended in Mar. 2022 => No sustainable competitive advantage

Eqonex Gross Profit Related Terms

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Eqonex (Eqonex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Eqonex Ltd (OTCPK:EQOSQ) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Piccadilly, Mayfair, London, GBR, W1J 7NW

Website

https://www.eqonex.com

Eqonex Ltd is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem. The company offers services related to Exchange and Trading, Capital Markets, Custody, and Asset Management.