Loop Industries's gross profit for the
three
months ended in Nov. 2023 was $0.03 Mil. Loop Industries's gross profit for the trailing twelve months (TTM) ended in Nov. 2023 was $0.12 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Loop Industries's gross profit for the
three
months ended in Nov. 2023 was $0.03 Mil. Loop Industries's Revenue for the
three
months ended in Nov. 2023 was $0.03 Mil. Therefore, Loop Industries's Gross Margin % for the quarter that ended in Nov. 2023 was N/A%.
Loop Industries had a gross margin of N/A% for the quarter that ended in Nov. 2023 => No sustainable competitive advantage
Loop Industries Gross Profit Historical Data
The historical data trend for Loop Industries'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.
Competitive Comparison of Loop Industries's Gross Profit
For the Specialty Chemicals subindustry, Loop 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.
Loop Industries's Gross Profit Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Loop Industries's Gross Profit distribution charts can be found below:
* The bar in red indicates where Loop Industries's Gross Profit falls into.
Loop Industries Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Loop Industries's Gross Profit for the fiscal year that ended in Feb. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.12 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.)
* 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.
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
Loop Industries had a gross margin of N/A% for the quarter that ended in Nov. 2023 => No sustainable competitive advantage
Loop Industries Gross Profit Related Terms
Thank you for viewing the detailed overview of Loop Industries's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Loop Industries (Loop Industries) Business Description
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
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