UMeWorld (UMeWorld) Gross Profit : $-0.00 Mil (TTM As of Sep. 2023)

UMeWorld Gross Profit Chart

UMeWorld Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Gross Profit		Get a 7-Day Free Trial					-	-	-0.02	-	-

UMeWorld Semi-Annual Data
	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Sep13	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Gross Profit	Get a 7-Day Free Trial															-	-	-0.02	-	-

Competitive Comparison of UMeWorld's Gross Profit

For the Packaged Foods subindustry, UMeWorld'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.

UMeWorld's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, UMeWorld's Gross Profit distribution charts can be found below:

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

UMeWorld Gross Profit Calculation

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

UMeWorld's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.00 Mil.

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

UMeWorld'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.

UMeWorld  (OTCPK:UMEWF) 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

UMeWorld had a gross margin of -300.00% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

UMeWorld Gross Profit Related Terms

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UMeWorld (UMeWorld) Business Description