Zooz Power (XTAE:ZOOZ) Gross Margin % : -38.31% (As of Jun. 2024)

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What is Zooz Power Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Zooz Power's Gross Profit for the six months ended in Jun. 2024 was ₪-0.74 Mil. Zooz Power's Revenue for the six months ended in Jun. 2024 was ₪1.93 Mil. Therefore, Zooz Power's Gross Margin % for the quarter that ended in Jun. 2024 was -38.31%.

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

XTAE:ZOOZ' s Gross Margin % Range Over the Past 10 Years
Min: -213.31 Med: -144.62 Max: -144.62
Current: -213.31

During the past 3 years, the highest Gross Margin % of Zooz Power was -144.62%. The lowest was -213.31%. And the median was -144.62%.

XTAE:ZOOZ's Gross Margin % is ranked worse than
99.82% of 1099 companies
in the Retail - Cyclical industry
Industry Median: 36.93 vs XTAE:ZOOZ: -213.31

Zooz Power had a gross margin of -38.31% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

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

Zooz Power Gross Margin % Historical Data

The historical data trend for Zooz Power'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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Zooz Power Gross Margin % Chart

Zooz Power Annual Data

Trend

Dec21

Dec22

Dec23

Gross Margin %

-144.62

Zooz Power Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Gross Margin %	-	-	-25.14	4,553.52	-38.31

Competitive Comparison of Zooz Power's Gross Margin %

For the Specialty Retail subindustry, Zooz Power'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.

Zooz Power's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zooz Power's Gross Margin % distribution charts can be found below:

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

Zooz Power Gross Margin % Calculation

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

Zooz Power'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 )
	=	-3.9	/	2.721
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.721 - 6.656)	/	2.721
	=	-144.62 %

Zooz Power's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	-0.7	/	1.934
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.934 - 2.675)	/	1.934
	=	-38.31 %

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.

Zooz Power (XTAE:ZOOZ) 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

Zooz Power had a gross margin of -38.31% for the quarter that ended in Jun. 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.

Zooz Power Gross Margin % Related Terms

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Zooz Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zooz Power Ltd (XTAE:ZOOZ) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ZOOZ:USA

Address

Hamelacha 4B, Lod, ISR, 7152008

Website

https://www.zoozpower.com

Zooz Power Ltd is a provider of Flywheel-based Power Boosting solutions enabling widespread deployment of ultra-fast charging infrastructure for electric vehicles (EV) while overcoming existing grid limitations. ZOOZ pioneers its flywheel-based power boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure. ZOOZ Power's sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, efficiency, and greater flexibility.