Clevon AS (OTSE:CLEV) Gross Margin % : 1,650.00% (As of Jun. 2023)

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What is Clevon AS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Clevon AS's Gross Profit for the six months ended in Jun. 2023 was €1.02 Mil. Clevon AS's Revenue for the six months ended in Jun. 2023 was €0.06 Mil. Therefore, Clevon AS's Gross Margin % for the quarter that ended in Jun. 2023 was 1,650.00%.

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

OTSE:CLEV' s Gross Margin % Range Over the Past 10 Years
Min: 1300 Med: 1300 Max: 1650
Current: 1650

During the past 1 years, the highest Gross Margin % of Clevon AS was 1650.00%. The lowest was 1300.00%. And the median was 1300.00%.

OTSE:CLEV's Gross Margin % is not ranked
in the Vehicles & Parts industry.
Industry Median: 19.67 vs OTSE:CLEV: 1650.00

Clevon AS had a gross margin of 1,650.00% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Clevon AS was 0.00% per year.

Clevon AS Gross Margin % Historical Data

The historical data trend for Clevon AS'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.

Clevon AS Gross Margin % Chart

Clevon AS Annual Data

Trend

Dec22

Gross Margin %

1,300.00

Clevon AS Semi-Annual Data
	Dec22	Jun23
Gross Margin %	-	1,650.00

Competitive Comparison of Clevon AS's Gross Margin %

For the Auto Manufacturers subindustry, Clevon AS'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.

Clevon AS's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Clevon AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Clevon AS's Gross Margin % falls into.

Clevon AS Gross Margin % Calculation

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

Clevon AS's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	1.3	/	0.098
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.098 - -1.176)	/	0.098
	=	1,300.00 %

Clevon AS'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 )
	=	1	/	0.062
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.062 - -0.961)	/	0.062
	=	1,650.00 %

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.

Clevon AS (OTSE:CLEV) 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

Clevon AS had a gross margin of 1,650.00% for the quarter that ended in Jun. 2023 => No sustainable 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.

Clevon AS Gross Margin % Related Terms

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