Groove Botanicals (Groove Botanicals) Gross Profit : $0.00 Mil (TTM As of Sep. 2023)

Groove Botanicals Gross Profit Chart

Groove Botanicals Annual Data
	Trend	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17
Gross Profit		Get a 7-Day Free Trial					0.04	0.02	-0.06	-0.08	-0.03

Groove Botanicals Semi-Annual Data
	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Sep22	Sep23
Gross Profit	Get a 7-Day Free Trial															-0.02	-0.01	-0.02	-	-

Competitive Comparison of Groove Botanicals's Gross Profit

For the Oil & Gas E&P subindustry, Groove Botanicals'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.

Groove Botanicals's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Groove Botanicals's Gross Profit distribution charts can be found below:

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

Groove Botanicals Gross Profit Calculation

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

Groove Botanicals's Gross Profit for the fiscal year that ended in Mar. 2017 is calculated as

Groove Botanicals's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Groove Botanicals's Gross Margin % for the quarter that ended in Sep. 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.

Groove Botanicals  (OTCPK:GRVE) 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

Groove Botanicals had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Groove Botanicals Gross Profit Related Terms

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Groove Botanicals (Groove Botanicals) Business Description