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Right On Brands, Inc. (RTON) Gross Margin (2016 - 2023)

Right On Brands' Gross Margin history spans 8 years, with the latest figure at 53.55% for Q4 2023.

  • For Q4 2023, Gross Margin rose 1135.0% year-over-year to 53.55%; the TTM value through Dec 2023 reached 57.17%, up 783.0%, while the annual FY2023 figure was 53.3%, 917.0% up from the prior year.
  • Gross Margin for Q4 2023 was 53.55% at Right On Brands, down from 56.87% in the prior quarter.
  • Across five years, Gross Margin topped out at 81.25% in Q2 2021 and bottomed at 537.58% in Q1 2020.
  • The 5-year median for Gross Margin is 47.02% (2022), against an average of 17.96%.
  • The largest annual shift saw Gross Margin tumbled -60990bps in 2020 before it surged 55562bps in 2021.
  • A 5-year view of Gross Margin shows it stood at 21.68% in 2019, then surged by 151bps to 54.46% in 2020, then dropped by -29bps to 38.82% in 2021, then increased by 9bps to 42.2% in 2022, then rose by 27bps to 53.55% in 2023.
  • Per Business Quant, the three most recent readings for RTON's Gross Margin are 53.55% (Q4 2023), 56.87% (Q3 2023), and 54.13% (Q2 2023).