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ECDA (ECD Automotive Design) Gross Margin % : 31.18% (As of Sep. 2024)


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What is ECD Automotive Design Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ECD Automotive Design's Gross Profit for the three months ended in Sep. 2024 was $2.01 Mil. ECD Automotive Design's Revenue for the three months ended in Sep. 2024 was $6.44 Mil. Therefore, ECD Automotive Design's Gross Margin % for the quarter that ended in Sep. 2024 was 31.18%.


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

ECDA' s Gross Margin % Range Over the Past 10 Years
Min: 10.03   Med: 22.19   Max: 29.95
Current: 29.95


During the past 3 years, the highest Gross Margin % of ECD Automotive Design was 29.95%. The lowest was 10.03%. And the median was 22.19%.

ECDA's Gross Margin % is ranked better than
74.49% of 1286 companies
in the Vehicles & Parts industry
Industry Median: 19.935 vs ECDA: 29.95

ECD Automotive Design had a gross margin of 31.18% for the quarter that ended in Sep. 2024 => Competition eroding margins

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


ECD Automotive Design Gross Margin % Historical Data

The historical data trend for ECD Automotive Design'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.

ECD Automotive Design Gross Margin % Chart

ECD Automotive Design Annual Data
Trend Dec21 Dec22 Dec23
Gross Margin %
22.19 10.03 23.20

ECD Automotive Design Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 19.44 25.22 29.81 31.75 31.18

Competitive Comparison of ECD Automotive Design's Gross Margin %

For the Auto Manufacturers subindustry, ECD Automotive Design'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.


ECD Automotive Design's Gross Margin % Distribution in the Vehicles & Parts Industry

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

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


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ECD Automotive Design Gross Margin % Calculation

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

ECD Automotive Design'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 )
=4.5 / 19.493
=(Revenue - Cost of Goods Sold) / Revenue
=(19.493 - 14.97) / 19.493
=23.20 %

ECD Automotive Design'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 )
=2 / 6.44
=(Revenue - Cost of Goods Sold) / Revenue
=(6.44 - 4.432) / 6.44
=31.18 %

* 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.

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.


ECD Automotive Design  (NAS:ECDA) 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

ECD Automotive Design had a gross margin of 31.18% for the quarter that ended in Sep. 2024 => Competition eroding margins


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.


ECD Automotive Design Gross Margin % Related Terms

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ECD Automotive Design Business Description

Traded in Other Exchanges
N/A
Address
4930 Industrial Lane, Unit 107, Kissimmee, FL, USA, 34758
ECD Automotive Design Inc is a custom-car builder in the Restomod sector with a focus on British classic motor vehicles of various models of both two-door and four-door styles. The company has established a facility geared towards producing the most customized Land Rovers with the highest quality of parts and the highest quality labor force building each vehicle. ECD restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic and the Jaguar E-Type. It upgrade any engine, including Chevrolet V8's, Land Rover V8's, Cummins diesel engines and new electric drivetrains, performing all the necessary body work, drivetrain selection and installation, every stitch in the interior, paint work, up to placement of the last nut and bolt.