AYRO (AYRO) Gross Margin % : -5,620.00% (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is AYRO Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. AYRO's Gross Profit for the three months ended in Sep. 2024 was $-0.28 Mil. AYRO's Revenue for the three months ended in Sep. 2024 was $0.01 Mil. Therefore, AYRO's Gross Margin % for the quarter that ended in Sep. 2024 was -5,620.00%.

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

AYRO' s Gross Margin % Range Over the Past 10 Years
Min: -3019.46 Med: -77.91 Max: 22.25
Current: -3019.46

During the past 5 years, the highest Gross Margin % of AYRO was 22.25%. The lowest was -3019.46%. And the median was -77.91%.

AYRO's Gross Margin % is ranked worse than
99.92% of 1286 companies
in the Vehicles & Parts industry
Industry Median: 20.06 vs AYRO: -3019.46

AYRO had a gross margin of -5,620.00% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

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

AYRO Gross Margin % Historical Data

The historical data trend for AYRO'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.

AYRO Gross Margin % Chart

AYRO Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

22.25

-10.35

-77.91

-102.11

-928.86

AYRO Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															-162.50	-2,653.16	-1,939.66	-	-5,620.00

Competitive Comparison of AYRO's Gross Margin %

For the Auto Manufacturers subindustry, AYRO'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.

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

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

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

AYRO Gross Margin % Calculation

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

AYRO's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-4.6	/	0.499
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.499 - 5.134)	/	0.499
	=	-928.86 %

AYRO's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	-0.3	/	0.005
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.005 - 0.286)	/	0.005
	=	-5,620.00 %

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.

AYRO (NAS:AYRO) 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

AYRO had a gross margin of -5,620.00% for the quarter that ended in Sep. 2024 => 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.

AYRO Gross Margin % Related Terms

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

AYRO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AYRO Inc (NAS:AYRO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 East Old Settlers Boulevard, Suite 100, Round Rock, TX, USA, 78664

Website

https://www.ayro.com

AYRO Inc design and manufacture compact, sustainable electric vehicles for closed campus mobility, low-speed urban and community transport, local on-demand and last-mile delivery, and government use. It operates as one reportable segment, which is the design, development, manufacturing, and sales of electric vehicles, and operates in the United States.

Executives

Joshua Silverman	director	IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017
Zvi Joseph	director	C/O DROPCAR, INC., 1412 BROADWAY, SUITE 2105, NEW YORK NY 10018
Gregory T Schiffman	director	1030 NW JOHNSON ST, UNIT 608, PORTLAND OR 97209
Sebastian Giordano	director	ONE EAST UWCHLAN AVENUE, SUITE 301, EXTON PA 19341
George Devlin	director	COMPAQ COMPUTER CORP, P O BOX 692000 MC: 110701, HOUSTON TX 77269
Wayne Remell Walker	director	1515 MARKET STREET, SUITE 1720, PHILADELPHIA PA 19103
Thomas Michael Wittenschlaeger	officer: Chief Executive Officer	RAPTOR NETWORKS TECHNOLOGY, 65 ENTERPRISE RD., ALISO VIEJO CA 92656
David E. Hollingsworth	officer: Interim CFO	319 FLAT ROCK DR., HUTTO TX 78634
Keller Rodney C. Jr.	director, officer: Chief Executive Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Richard Perley	officer: Chief Marketing Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Curtis Ellis Smith	officer: Chief Financial Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Brian Ray Groh	officer: Chief of Business Development	825 WEST DRUMFRIES ROAD N., PARIS A6 N3L 3E2
Mark Adams	director, 10 percent owner	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Victoria C Pasquale	officer: Chief Human Resources Officer	C/O DROPCAR, INC., 1412 BROADWAY, SUITE 2105, NEW YORK NY 1008
Capital Anstalt Alpha	10 percent owner	LETTSTRASSE 32, FL-9490, VADUZ N2 00000