Comprehensive Healthcare Systems (TSXV:CHS) Gross Profit : C$1.94 Mil (TTM As of Sep. 2023)

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What is Comprehensive Healthcare Systems Gross Profit?

Comprehensive Healthcare Systems's gross profit for the three months ended in Sep. 2023 was C$0.24 Mil. Comprehensive Healthcare Systems's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was C$1.94 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Comprehensive Healthcare Systems's gross profit for the three months ended in Sep. 2023 was C$0.24 Mil. Comprehensive Healthcare Systems's Revenue for the three months ended in Sep. 2023 was C$1.33 Mil. Therefore, Comprehensive Healthcare Systems's Gross Margin % for the quarter that ended in Sep. 2023 was 18.39%.

Comprehensive Healthcare Systems had a gross margin of 18.39% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

During the past 4 years, the highest Gross Margin % of Comprehensive Healthcare Systems was 35.93%. The lowest was 32.58%. And the median was 32.58%.

Comprehensive Healthcare Systems Gross Profit Historical Data

The historical data trend for Comprehensive Healthcare Systems'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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Comprehensive Healthcare Systems Gross Profit Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

Gross Profit

1.91

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Profit	Get a 7-Day Free Trial														0.25	0.47	0.76	0.47	0.24

Competitive Comparison of Comprehensive Healthcare Systems's Gross Profit

For the Health Information Services subindustry, Comprehensive Healthcare Systems'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.

Comprehensive Healthcare Systems's Gross Profit Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Comprehensive Healthcare Systems's Gross Profit distribution charts can be found below:

* The bar in red indicates where Comprehensive Healthcare Systems's Gross Profit falls into.

Comprehensive Healthcare Systems Gross Profit Calculation

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

Comprehensive Healthcare Systems's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	5.848	-	3.943
	=	1.91

Comprehensive Healthcare Systems's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1.327	-	1.083
	=	0.24

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.94 Mil.

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

Comprehensive Healthcare Systems's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	0.24	/	1.327
	=	18.39 %

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.

Comprehensive Healthcare Systems (TSXV:CHS) 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

Comprehensive Healthcare Systems had a gross margin of 18.39% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Comprehensive Healthcare Systems Gross Profit Related Terms

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