Gross Margin % is calculated as gross profit divided by its revenue. Legacy EJY's Gross Profit for the
six
months ended in Dec. 2021 was $-31.91 Mil. Legacy EJY's Revenue for the
six
months ended in Dec. 2021 was $81.00 Mil. Therefore, Legacy EJY's Gross Margin % for the quarter that ended in Dec. 2021 was -39.40%.
The historical rank and industry rank for Legacy EJY's Gross Margin % or its related term are showing as below:
ENJYQ's Gross Margin % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 36.61 * Ranked among companies with meaningful Gross Margin % only.
Legacy EJY had a gross margin of -39.40% for the quarter that ended in Dec. 2021 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Legacy EJY was 0.00% per year.
Legacy EJY Gross Margin % Historical Data
The historical data trend for Legacy EJY'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.
Legacy EJY Gross Margin % Chart
Legacy EJY Annual Data
Trend
Dec20
Dec21
Gross Margin %
-19.15
-39.40
Legacy EJY Semi-Annual Data
Dec20
Dec21
Gross Margin %
-19.15
-39.40
Competitive Comparison of Legacy EJY's Gross Margin %
For the Specialty Retail subindustry, Legacy EJY'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.
Legacy EJY's Gross Margin % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Legacy EJY's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Legacy EJY's Gross Margin % falls into.
* 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.
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
Legacy EJY had a gross margin of -39.40% for the quarter that ended in Dec. 2021 => 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.
Legacy EJY Gross Margin % Related Terms
Thank you for viewing the detailed overview of Legacy EJY's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Legacy EJY Inc, formerly Enjoy Technology Inc is a technology-powered platform reinventing Commerce at Home to bring the best of the store directly to the customer. It has formed multi-year commercial relationships with some of the leading consumer brands to bring the products, services, and subscriptions to the door directly in the comfort and convenience of homes. The company has pioneered a new retail experience which can do everything a traditional retail experience offers through its Mobile Stores. The company's geographical segment includes North America and Europe. It derives a majority of revenue from North America. The North America segment consists of operations within the United States and Canada.
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