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Fly-E Group (Fly-E Group) Gross Margin % : 40.02% (As of Dec. 2023)


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What is Fly-E Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Fly-E Group's Gross Profit for the three months ended in Dec. 2023 was $2.97 Mil. Fly-E Group's Revenue for the three months ended in Dec. 2023 was $7.43 Mil. Therefore, Fly-E Group's Gross Margin % for the quarter that ended in Dec. 2023 was 40.02%.


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

FLYE' s Gross Margin % Range Over the Past 10 Years
Min: 18.86   Med: 28.47   Max: 38.17
Current: 38.17

During the past 2 years, the highest Gross Margin % of Fly-E Group was 38.17%. The lowest was 18.86%. And the median was 28.47%.

FLYE's Gross Margin % is ranked better than
86.42% of 1274 companies
in the Vehicles & Parts industry
Industry Median: 19.795 vs FLYE: 38.17

Fly-E Group had a gross margin of 40.02% for the quarter that ended in Dec. 2023 => Durable competitive advantage

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

Fly-E Group Gross Margin % Historical Data

The historical data trend for Fly-E Group'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.

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Fly-E Group Gross Margin % Chart

Fly-E Group Annual Data
Trend Mar22 Mar23
Gross Margin %
18.86 38.07

Fly-E Group Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial 45.18 32.84 34.72 42.91 40.02

Competitive Comparison of Fly-E Group's Gross Margin %

For the Auto Manufacturers subindustry, Fly-E Group'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.

Fly-E Group's Gross Margin % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Fly-E Group's Gross Margin % falls into.


Fly-E Group Gross Margin % Calculation

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

Fly-E Group's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )=Gross Profit (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=8.3 / 21.775
=(Revenue - Cost of Goods Sold) / Revenue
=(21.775 - 13.485) / 21.775
=38.07 %

Fly-E Group's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=3 / 7.428
=(Revenue - Cost of Goods Sold) / Revenue
=(7.428 - 4.455) / 7.428
=40.02 %

* 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.

Fly-E Group  (NAS:FLYE) 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

Fly-E Group had a gross margin of 40.02% for the quarter that ended in Dec. 2023 => Durable 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.

Fly-E Group Gross Margin % Related Terms

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Fly-E Group (Fly-E Group) Business Description

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Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. They also provide connectivity solutions and value-added services to their customers.

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