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Arcimoto (Arcimoto) Gross Margin %

: -166.85% (As of Sep. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. Arcimoto's Gross Profit for the three months ended in Sep. 2023 was $-1.85 Mil. Arcimoto's Revenue for the three months ended in Sep. 2023 was $1.11 Mil. Therefore, Arcimoto's Gross Margin % for the quarter that ended in Sep. 2023 was -166.85%.


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

FUV' s Gross Margin % Range Over the Past 10 Years
Min: -290.99   Med: -224.68   Max: 38.58
Current: -135.23


During the past 9 years, the highest Gross Margin % of Arcimoto was 38.58%. The lowest was -290.99%. And the median was -224.68%.

FUV's Gross Margin % is ranked worse than
98.58% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 19.36 vs FUV: -135.23

Arcimoto had a gross margin of -166.85% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

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


Arcimoto Gross Margin % Historical Data

The historical data trend for Arcimoto'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.

Arcimoto Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -34.74 -194.74 -279.18 -290.99 -254.61

Arcimoto Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -245.21 -156.54 -117.28 -100.23 -166.85

Competitive Comparison

For the Recreational Vehicles subindustry, Arcimoto'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.


Arcimoto Gross Margin % Distribution

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

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



Arcimoto Gross Margin % Calculation

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

Arcimoto's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=-16.7 / 6.558
=(Revenue - Cost of Goods Sold) / Revenue
=(6.558 - 23.255) / 6.558
=-254.61 %

Arcimoto's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=-1.9 / 1.11
=(Revenue - Cost of Goods Sold) / Revenue
=(1.11 - 2.962) / 1.11
=-166.85 %

* 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.


Arcimoto  (NAS:FUV) 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

Arcimoto had a gross margin of -166.85% for the quarter that ended in Sep. 2023 => 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.


Arcimoto Gross Margin % Related Terms

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


Arcimoto (Arcimoto) Business Description

Traded in Other Exchanges
Address
2034 West 2nd Avenue, Eugene, OR, USA, 97402
Arcimoto Inc is an electric vehicle company that designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience for two passengers with cargo, parking, and operation. The company's products also comprise Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, an unparalleled pure-electric on-road thrill machine.
Executives
Dan M. Creed director 2034 WEST 2ND AVENUE, EUGENE OR 97402
Christopher W. Dawson director 2034 WEST 2ND AVENUE, EUGENE OR 97402
Galileo Russell director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Jesse Grant Eisler director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Jesse Fittipaldi officer: Executive Vice President C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Dorbin John W. Jr. officer: General Counsel & Corp. Sec. C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Terry L Becker director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Nancy E. Calderon director 1285 WAKEFIELD TRAIL, RENO NV 89523
Mark Frohnmayer director, 10 percent owner, officer: President & CEO C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Joshua S Scherer director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Douglas M Campoli officer: Chief Financial Officer C/O ENVIROTECH VEHICLES, INC., 1425 OHLENDORF ROAD, OSCEOLA AR 72370
Jeff Curl director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Thomas Thurston director 909 MONTGOMERY STREET, 3RD FLOOR, SAN FRANCISCO CA 94133