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Cepton (Cepton) Gross Margin % : 54.45% (As of Dec. 2023)


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What is Cepton Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cepton's Gross Profit for the three months ended in Dec. 2023 was $2.70 Mil. Cepton's Revenue for the three months ended in Dec. 2023 was $4.95 Mil. Therefore, Cepton's Gross Margin % for the quarter that ended in Dec. 2023 was 54.45%.


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

CPTN' s Gross Margin % Range Over the Past 10 Years
Min: -86.74   Med: 2.61   Max: 27.19
Current: 27.19


During the past 5 years, the highest Gross Margin % of Cepton was 27.19%. The lowest was -86.74%. And the median was 2.61%.

CPTN's Gross Margin % is ranked better than
56.36% of 2438 companies
in the Hardware industry
Industry Median: 24.5 vs CPTN: 27.19

Cepton had a gross margin of 54.45% for the quarter that ended in Dec. 2023 => Durable competitive advantage

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


Cepton Gross Margin % Historical Data

The historical data trend for Cepton'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.

Cepton Gross Margin % Chart

Cepton Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
15.37 -86.74 2.40 2.61 27.19

Cepton Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 35.07 -4.98 15.57 12.89 54.45

Competitive Comparison of Cepton's Gross Margin %

For the Scientific & Technical Instruments subindustry, Cepton'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.


Cepton's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cepton's Gross Margin % distribution charts can be found below:

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



Cepton Gross Margin % Calculation

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

Cepton'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 )
=3.6 / 13.056
=(Revenue - Cost of Goods Sold) / Revenue
=(13.056 - 9.506) / 13.056
=27.19 %

Cepton'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 )
=2.7 / 4.951
=(Revenue - Cost of Goods Sold) / Revenue
=(4.951 - 2.255) / 4.951
=54.45 %

* 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.


Cepton  (NAS:CPTN) 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

Cepton had a gross margin of 54.45% 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.


Cepton Gross Margin % Related Terms

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


Cepton (Cepton) Business Description

Traded in Other Exchanges
N/A
Address
399 West Trimble Road, San Jose, CA, USA, 95131
Cepton Inc provides lidar-based solutions for a range of markets such as automotive, smart cities, smart spaces and smart industrial applications. The company's patented MMT-based lidar technology enables reliable, scalable and cost-effective solutions that deliver long range, high resolution 3D perception for smart applications.
Executives
Ming Qiu officer: Controller C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Liqun Han officer: SVP of Operations C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Jun Pei director, 10 percent owner, officer: CEO and President C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Mark Mccord officer: Chief Technology Officer C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Hideharu Konagaya director C/O CEPTON, INC., 399 WEST TRIMBLE ROAD, SAN JOSE CA 95131
Paul Anawalt officer: General Counsel and Secretary C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Hull Xu officer: Chief Financial Officer C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Jinying Chen officer: Corporate Controller C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Ldv Partners Fund I, L.p. 10 percent owner 24201 SUMMERHILL AVENUE, LOS ALTOS CA 94024
Xiaogang Zhang director C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Koito Manufacturing Co., Ltd. 10 percent owner 4-8-3, TAKANAWA, MINATO-KU, TOKYO M0 1088711
May Wang director C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Winston S Fu director, 10 percent owner, officer: CFO and Secretary 24201 SUMMERHILL AVENUE, LOS ALTOS CA 94024
Takayuki Katsuda director C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Dongyi Liao officer: SVP of Applications C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131