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Nu Ride (Nu Ride) Operating Margin % : 0.00% (As of Mar. 2024)


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What is Nu Ride Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Nu Ride's Operating Income for the three months ended in Mar. 2024 was $-5.24 Mil. Nu Ride's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Therefore, Nu Ride's Operating Margin % for the quarter that ended in Mar. 2024 was 0.00%.

The historical rank and industry rank for Nu Ride's Operating Margin % or its related term are showing as below:

NRDE' s Operating Margin % Range Over the Past 10 Years
Min: -142224.23   Med: -74893.44   Max: -7562.61
Current: -7562.61


NRDE's Operating Margin % is ranked worse than
99.22% of 1281 companies
in the Vehicles & Parts industry
Industry Median: 5.08 vs NRDE: -7562.61

Nu Ride's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Nu Ride's Operating Income for the three months ended in Mar. 2024 was $-5.24 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-122.47 Mil.


Nu Ride Operating Margin % Historical Data

The historical data trend for Nu Ride's Operating 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.

Nu Ride Operating Margin % Chart

Nu Ride Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
- - - -142,224.23 -7,562.65

Nu Ride Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -31,605.29 -5,977.64 - - -

Competitive Comparison of Nu Ride's Operating Margin %

For the Auto Manufacturers subindustry, Nu Ride's Operating Margin %, along with its competitors' market caps and Operating 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.


Nu Ride's Operating Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nu Ride's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Nu Ride's Operating Margin % falls into.



Nu Ride Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Nu Ride's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-176.966 / 2.34
=-7,562.65 %

Nu Ride's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=-5.243 / 0
= %

* 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.


Nu Ride  (OTCPK:NRDE) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Nu Ride Operating Margin % Related Terms

Thank you for viewing the detailed overview of Nu Ride's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Nu Ride (Nu Ride) Business Description

Traded in Other Exchanges
N/A
Address
2300 Hallock Young Road, Lordstown, OH, USA, 44481
Lordstown Motors Corp is an electric vehicle innovator developing high-quality light duty commercial fleet vehicles, with the Endurance all electric pick-up truck as its first vehicle being launched in the Lordstown, Ohio facility. The Company is in its final design and testing phase related to their production of the Endurance and has yet to bring a completed product to market.
Executives
Stephen S. Burns director, officer: Chief Executive Officer C/O ADVANCED MECHANICAL PRODUCTS, INC., 4540 ALPINE ROAD, BLUE ASH OH 45242
Anderson Joseph B Jr director MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
Edward T. Hightower officer: President C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Donna Bell officer: EVP, PROD CRTN, ENG & SUPP CHN C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Jane Ritson-parsons officer: CHIEF OPERATING OFFICER C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Laura J. Soave director C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Daniel A Ninivaggi director, officer: CHIEF EXECUTIVE OFFICER C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153
Melissa A. Leonard officer: EVP, GEN. COUNSEL & SECRETARY C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Adam B Kroll officer: CHIEF FINANCIAL OFFICER 475 QUAKER MEETING HOUSE RD, HONEOYE FALLS NY 14472
Rebecca A Roof officer: Interim CFO C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Chuan D. Vo officer: Vice President of Propulsion C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Julio C. Rodriguez officer: Chief Financial Officer 315 CHELSEY CT., ALPHARETTA GA 30004
Darren Post officer: Vice President of Engineering C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Phil Richard Schmidt officer: Chief Production Officer C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Shane Brown officer: Chief Production Officer 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481

Nu Ride (Nu Ride) Headlines

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