Skkynet Cloud Systems Gross Margin Growth & History (SKKY)

Skkynet Cloud Systems's gross margin was 100.00% for fiscal 2020.

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Skkynet Cloud Systems annual gross margin history

Skkynet Cloud Systems annual gross margin

Fiscal yearPeriod endedGross marginChange (percentage points)
20202020-10-31100.00%+1.19 pp
20192019-10-3198.81%−12.77 pp
20182018-10-31111.58%+13.99 pp
20172017-10-3197.59%−0.42 pp
20162016-10-3198.01%+0.62 pp
20152015-10-3197.39%−2.33 pp
20142014-10-3199.72%+0.71 pp
20132013-10-3199.01%−0.32 pp
20122012-10-3199.33%−0.24 pp
20112011-10-3199.58%—

Skkynet Cloud Systems gross margin trends

Over the last five fiscal years, Skkynet Cloud Systems's gross margin increased from 97.39% to 100.00%, a change of +2.61 percentage points. The latest reported quarter, Q3 2021, shows 100.00%.

About the metric

What gross margin means

Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.

Calculation and source

How gross margin is calculated

TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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