Canoo (GOEV) Net Margin %: 365.66% (As of Sep. 2024)


GOEV Canoo Inc GOEV
23 GF Score
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What is Canoo Net Margin %?

Canoo GOEV 23 Net Margin % is 365.66% as of Sep. 2024. GuruFocus rates GOEV with a GF Score™ of 23/100.

Net margin is calculated as Net Income divided by its Revenue. Canoo's Net Income for the three months ended in Sep. 2024 was $3.26 Mil. Canoo's Revenue for the three months ended in Sep. 2024 was $0.89 Mil. Therefore, Canoo's net margin for the quarter that ended in Sep. 2024 was 365.66%.

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


GOEV's Net Margin % is not ranked *
in the Vehicles & Parts industry.
Industry Median: 3.205
* Ranked among companies with meaningful Net Margin % only.

Canoo  (OTCPK:GOEV) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Canoo Net Margin % Related Terms

Canoo Net Margin % Historical Data

* Premium members only.

The historical data trend for Canoo's Net 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.

Canoo Net Margin % Chart

Canoo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
0.00 -3,399.45 0.00 0.00 -34,088.15

Canoo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net 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 -21,574.95 -7,750.68 0.00 -819.83 365.66

GOEV vs DMN, EVTV, ZAPP: Net Margin % Comparison

For the Auto Manufacturers subindustry, Canoo's Net Margin %, along with its competitors' market caps and Net 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.

Canoo Net Margin % vs Vehicles & Parts Industry

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

* The bar in red indicates where Canoo's Net Margin % falls into.


GOEV
23GF Score
Canoo Inc GOEV
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Canoo Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Canoo's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-302.021/0.886
=-34,088.15 %

Canoo's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=3.258/0.891
=365.66 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 365.66% mean?
Canoo (GOEV) has a Net Margin % of 365.66% as of Sep. 2024. Net margin is the ratio of total net income to net sales. View historical data on Canoo and its competitors.
Is Canoo's Net Margin % too high?
Canoo's current Net Margin % is 365.66%. The Vehicles & Parts industry median Net Margin % is 3.21. Canoo's value of 365.66% is 11309% above this industry median. Overall, Canoo has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Canoo's Net Margin % compare to DMN and EVTV?
Canoo's Net Margin % of 365.66% can be compared against companies in the Vehicles & Parts industry. The industry median Net Margin % is 3.21. Canoo's value of 365.66% is 11309% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Vehicles & Parts company?
The median Net Margin % among Vehicles & Parts companies is 3.21, based on 1,326 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canoo's current Net Margin % of 365.66% is 11309% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Canoo and its competitors. For the Vehicles & Parts industry, the median Net Margin % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canoo's current Net Margin % is 365.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoo stock overvalued right now?
Canoo (GOEV) has a current Net Margin % of 365.66%. The current Net Margin % is 365.66% and 11309% above the Vehicles & Parts industry median of 3.21. Canoo's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Canoo (GOEV), the current Net Margin % is 365.66% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canoo Business Description

Address 19951 Mariner Avenue, Torrance, CA, USA, 90503
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
23GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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