Vicinity Motor (TSXV:VMC) Net Margin %

: -178.82% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. Vicinity Motor's Net Income for the three months ended in Dec. 2023 was C$-12.22 Mil. Vicinity Motor's Revenue for the three months ended in Dec. 2023 was C$6.83 Mil. Therefore, Vicinity Motor's net margin for the quarter that ended in Dec. 2023 was -178.82%.

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

TSXV:VMC' s Net Margin % Range Over the Past 10 Years
Min: -280.16 Med: -47.03 Max: 1.35
Current: -87.45

TSXV:VMC's Net Margin % is ranked worse than
94.72% of 1287 companies
in the Vehicles & Parts industry
Industry Median: 3.38 vs TSXV:VMC: -87.45

Vicinity Motor Net Margin % Historical Data

The historical data trend for Vicinity Motor'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.

* Premium members only.

Vicinity Motor Annual Data

Trend

Aug14

Aug15

Aug16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

-20.22

-16.55

-17.56

-97.15

-87.31

Vicinity Motor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %																-188.07	-91.94	-14.55	-67.62	-178.82

Competitive Comparison

For the Auto Manufacturers subindustry, Vicinity Motor'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.

Vicinity Motor Net Margin % Distribution

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

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

Vicinity Motor 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.

Vicinity Motor'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 )
	=	-22.315	/	25.557
	=	-87.31 %

Vicinity Motor's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-12.219	/	6.833
	=	-178.82 %

Vicinity Motor (TSXV:VMC) 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.

Vicinity Motor Net Margin % Related Terms

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Vicinity Motor (TSXV:VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vicinity Motor Corp (TSXV:VMC) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

VEV:USA 6LGA:Germany

Address

3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6

Website

https://www.vicinitymotorcorp.com

Vicinity Motor Corp is a Canadian bus manufacturer. The company is engaged in designing, engineering, and manufacturing mid-size buses for transit authorities and commercial enterprises. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States. The company derives maximum revenue from bus sales. It also supplies the Spare part.