Consumer Automotive Finance (Consumer Automotive Finance) Gross Margin % : 51.09% (As of Jun. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Consumer Automotive Finance Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Consumer Automotive Finance's Gross Profit for the six months ended in Jun. 2023 was $0.05 Mil. Consumer Automotive Finance's Revenue for the six months ended in Jun. 2023 was $0.09 Mil. Therefore, Consumer Automotive Finance's Gross Margin % for the quarter that ended in Jun. 2023 was 51.09%.

The historical rank and industry rank for Consumer Automotive Finance's Gross Margin % or its related term are showing as below:

CAFI' s Gross Margin % Range Over the Past 10 Years
Min: 31.2 Med: 45.99 Max: 57.74
Current: 51.09

During the past 9 years, the highest Gross Margin % of Consumer Automotive Finance was 57.74%. The lowest was 31.20%. And the median was 45.99%.

CAFI's Gross Margin % is ranked worse than
53.48% of 359 companies
in the Credit Services industry
Industry Median: 53.4 vs CAFI: 51.09

Consumer Automotive Finance had a gross margin of 51.09% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Consumer Automotive Finance was 6.20% per year.

Consumer Automotive Finance Gross Margin % Historical Data

The historical data trend for Consumer Automotive Finance's Gross Margin % can be seen below:

* 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.

* Premium members only.

Consumer Automotive Finance Gross Margin % Chart

Consumer Automotive Finance Annual Data

Trend

Dec03

Dec04

Jun06

Jun07

Jun08

Jun09

Jun10

Jun22

Jun23

Gross Margin %

Get a 7-Day Free Trial

45.99

45.44

57.74

55.56

51.09

Consumer Automotive Finance Semi-Annual Data
	Dec03	Dec04	Jun06	Jun07	Jun08	Jun09	Jun10	Jun21	Jun22	Jun23
Gross Margin %	Get a 7-Day Free Trial					45.44	57.74	-	55.56	51.09

Competitive Comparison of Consumer Automotive Finance's Gross Margin %

For the Credit Services subindustry, Consumer Automotive Finance's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Consumer Automotive Finance's Gross Margin % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Consumer Automotive Finance's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Consumer Automotive Finance's Gross Margin % falls into.

Consumer Automotive Finance Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Consumer Automotive Finance's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	0	/	0.092
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.092 - 0.045)	/	0.092
	=	51.09 %

Consumer Automotive Finance's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0	/	0.092
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.092 - 0.045)	/	0.092
	=	51.09 %

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.

Consumer Automotive Finance (OTCPK:CAFI) Gross Margin % 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

Consumer Automotive Finance had a gross margin of 51.09% for the quarter that ended in Jun. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Consumer Automotive Finance Gross Margin % Related Terms

Thank you for viewing the detailed overview of Consumer Automotive Finance's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Consumer Automotive Finance (Consumer Automotive Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Consumer Automotive Finance Inc (OTCPK:CAFI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

746 North Drive, STE A, Melbourne, FL, USA, 32934

Website

http://www.cafius.com

Consumer Automotive Finance Inc is an indirect automotive financial services company that focuses on servicing the sub-prime market. It has developed a criteria-based system, which has been effective in evaluating deal structure as well as a consumer's ability to pay for an automobile loan. The company provides financing solutions for buying Cars and Trucks and also provides a wide range of credit profiles through dealers in Nevada and soon Arizona and Utah, as well as online through the Dealer Loan programs.

Executives

Scott Eugene Miller	officer: CEO	2239 N. HAYDEN RD., SUITE 100, SCOTTSDALE AZ 85257
Jamie Kerr	director, 10 percent owner, officer: President	2925 N. 67TH PLACE, SCOTTSDALE AZ 85251
John Shaffer	director, officer: Treasurer	2925 N. 67TH PLACE, SCOTTSDALE AZ 85251