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Canoo (GOEV) Degree of Operating Leverage : -0.24 (As of Sep. 2024)


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What is Canoo Degree of Operating Leverage?

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Canoo's Degree of Operating Leverage for the quarter that ended in Sep. 2024 was -0.24. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for Canoo's Degree of Operating Leverage or its related term are showing as below:

GOEV's Degree of Operating Leverage is not ranked
in the Vehicles & Parts industry.
Industry Median: 1 vs GOEV: -0.24

Canoo Degree of Operating Leverage Historical Data

The historical data trend for Canoo's Degree of Operating Leverage 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.

Canoo Degree of Operating Leverage Chart

Canoo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Degree of Operating Leverage
- - - - -

Canoo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Degree of Operating Leverage 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 Premium Member Only Premium Member Only - - - - -0.24

Competitive Comparison of Canoo's Degree of Operating Leverage

For the Auto Manufacturers subindustry, Canoo's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.


Canoo's Degree of Operating Leverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Canoo's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where Canoo's Degree of Operating Leverage falls into.


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Canoo Degree of Operating Leverage Calculation

Canoo's Degree of Operating Leverage for the quarter that ended in Sep. 2024 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( -132.479 (Sep. 2024) / -346.991 (Sep. 2023) - 1 )/( 1.863 (Sep. 2024) / 0.519 (Sep. 2023) - 1 )
=-0.6182/2.5896
=-0.24***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Canoo  (OTCPK:GOEV) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


Canoo Degree of Operating Leverage Related Terms

Thank you for viewing the detailed overview of Canoo's Degree of Operating Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Canoo Business Description

Traded in Other Exchanges
N/A
Address
19951 Mariner Avenue, Torrance, CA, USA, 90503
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
Executives
Ramesh Murthy officer: SVP, CAO and ICFO 19951 MARINER AVENUE, TORRANCE CA 90503
Hector M. Ruiz officer: General Counsel, Corp Secy C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Greg Ethridge director 585 WEED STREET, NEW CANAAN CT 06840
Josette Sheeran director C/O CANOO INC., 19951 MARINER AVE., TORRANCE CA 90503
Kenneth Manget officer: Chief Financial Officer C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Tony Aquila director, 10 percent owner, officer: Executive Chairman and CEO 2126 HAMILTON ROAD, SUITE 260, ARGYLE TX 76226
Dd Global Holdings Ltd 10 percent owner WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
De Capital Ltd 10 percent owner RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Pak Tam Li 10 percent owner RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Champ Key Ltd 10 percent owner WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
Victor Chu 10 percent owner C/O REMARKABLE VIEWS CONSULTANTS LTD., 4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, TAIPEI F5 114
Remarkable Views Consultants Ltd. 10 percent owner 4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, NEIHU DIST., TAIPEI F5 114
Thomas A Dattilo director COOPER TIRE & RUBBER COMPANY, 701 LIMA AVENUE, FINDLAY OH 45840
Renato Giger officer: SVP and Interim CFO C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Edelman Claudia Romo director C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503