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Nova Cannabis Inc
TSX:NOVC

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Nova Cannabis Inc Logo
Nova Cannabis Inc
TSX:NOVC
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Price: 1.23 CAD -1.6% Market Closed
Updated: May 16, 2024

Gross Margin
Nova Cannabis Inc

23.8%
Current
22%
Average
32.6%
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
23.8%
=
Gross Profit
61.6m
/
Revenue
259.3m

Gross Margin Across Competitors

Country CA
Market Cap 70.4m CAD
Gross Margin
24%
Country US
Market Cap 29.7B USD
Gross Margin
36%
Country CN
Market Cap 151.9B CNY
Gross Margin
27%
Country US
Market Cap 19.5B USD
Gross Margin
39%
Country US
Market Cap 16.2B USD
Gross Margin
35%
Country HK
Market Cap 106.6B HKD
Gross Margin
23%
Country US
Market Cap 11.2B USD
Gross Margin
44%
Country UK
Market Cap 6.6B GBP
Gross Margin
48%
Country NL
Market Cap 8.2B USD
Gross Margin
72%
Country US
Market Cap 7.8B USD
Gross Margin
36%
Country CN
Market Cap 49.8B HKD
Gross Margin
61%

Profitability Report

View the profitability report to see the full profitability analysis for Nova Cannabis Inc.

See Also

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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
23.8%
=
Gross Profit
61.6m
/
Revenue
259.3m
What is the Gross Margin of Nova Cannabis Inc?

Based on Nova Cannabis Inc's most recent financial statements, the company has Gross Margin of 23.8%.