Gross Margin - Covalon Technologies Ltd (XTSX:COV) - Alpha Spread

Covalon Technologies Ltd
XTSX:COV

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Covalon Technologies Ltd
XTSX:COV
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Price: 3.15 CAD -3.08% Market Closed
Market Cap: 77.7m CAD
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Gross Margin
Covalon Technologies Ltd

56.5%
Current
50%
Average
63%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
56.5%
=
Gross Profit
16.5m
/
Revenue
29.2m

Gross Margin Across Competitors

Country CA
Market Cap 77.7m CAD
Gross Margin
56%
Country US
Market Cap 341.5B USD
Gross Margin
67%
Country US
Market Cap 180.5B USD
Gross Margin
63%
Country US
Market Cap 129B USD
Gross Margin
87%
Country US
Market Cap 123.6B USD
Gross Margin
86%
Country US
Market Cap 105B USD
Gross Margin
77%
Country US
Market Cap 94.1B EUR
Gross Margin
76%
Country AU
Market Cap 142.3B AUD
Gross Margin
52%
Country US
Market Cap 39.3B EUR
Gross Margin
75%
Country US
Market Cap 38.5B USD
Gross Margin
97%
Country US
Market Cap 35.2B USD
Gross Margin
87%

Profitability Report

View the profitability report to see the full profitability analysis for Covalon Technologies Ltd.

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
56.5%
=
Gross Profit
16.5m
/
Revenue
29.2m
What is the Gross Margin of Covalon Technologies Ltd?

Based on Covalon Technologies Ltd's most recent financial statements, the company has Gross Margin of 56.5%.