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Renault (FRA:RNL) Gross Margin % : 21.35% (As of Dec. 2023)


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What is Renault Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Renault's Gross Profit for the six months ended in Dec. 2023 was €5,450 Mil. Renault's Revenue for the six months ended in Dec. 2023 was €25,527 Mil. Therefore, Renault's Gross Margin % for the quarter that ended in Dec. 2023 was 21.35%.


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

FRA:RNL' s Gross Margin % Range Over the Past 10 Years
Min: 16.6   Med: 20.14   Max: 21.44
Current: 20.93


During the past 13 years, the highest Gross Margin % of Renault was 21.44%. The lowest was 16.60%. And the median was 20.14%.

FRA:RNL's Gross Margin % is ranked better than
53.5% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 19.88 vs FRA:RNL: 20.93

Renault had a gross margin of 21.35% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Renault was 0.60% per year.


Renault Gross Margin % Historical Data

The historical data trend for Renault'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.

Renault Gross Margin % Chart

Renault Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.58 16.60 19.06 19.90 20.93

Renault Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Margin % 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 19.95 20.64 19.28 20.53 21.35

Competitive Comparison of Renault's Gross Margin %

For the Auto Manufacturers subindustry, Renault'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.


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

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

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



Renault Gross Margin % Calculation

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

Renault'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 )
=10962 / 52376
=(Revenue - Cost of Goods Sold) / Revenue
=(52376 - 41414) / 52376
=20.93 %

Renault'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 )
=5450 / 25527
=(Revenue - Cost of Goods Sold) / Revenue
=(25527 - 20077) / 25527
=21.35 %

* 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.


Renault  (FRA:RNL) 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

Renault had a gross margin of 21.35% for the quarter that ended in Dec. 2023 => 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.


Renault Gross Margin % Related Terms

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


Renault (FRA:RNL) Business Description

Address
13-15, quai Le Gallo, Boulogne, Billancourt, FRA, 92100
Renault possesses a global alliance of automotive manufacturing, financing, and sales operations. The company's alliance partners consist of Dacia (99.4%), Nissan (43.7%), Renault Samsung Motors (80.0%), and Mitsubishi (Nissan owns 34%). Total 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.4 million vehicles makes the alliance the fourth-largest vehicle group in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia at 6.8 million vehicles sold.

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