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FRZA (Forza X1) Operating Margin % : 0.00% (As of Sep. 2024)


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What is Forza X1 Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Forza X1's Operating Income for the three months ended in Sep. 2024 was $-0.86 Mil. Forza X1's Revenue for the three months ended in Sep. 2024 was $0.00 Mil. Therefore, Forza X1's Operating Margin % for the quarter that ended in Sep. 2024 was 0.00%.

The historical rank and industry rank for Forza X1's Operating Margin % or its related term are showing as below:

FRZA' s Operating Margin % Range Over the Past 10 Years
Min: -26526.32   Med: -17818.92   Max: -17818.92
Current: -26526.32


FRZA's Operating Margin % is not ranked
in the Vehicles & Parts industry.
Industry Median: 4.95 vs FRZA: -26526.32

Forza X1's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Forza X1's Operating Income for the three months ended in Sep. 2024 was $-0.86 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-5.04 Mil.


Forza X1 Operating Margin % Historical Data

The historical data trend for Forza X1's Operating 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.

Forza X1 Operating Margin % Chart

Forza X1 Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Operating Margin %
- - - -17,818.92

Forza X1 Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating 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 -6,589.47 -8,378.95 - - -

Competitive Comparison of Forza X1's Operating Margin %

For the Recreational Vehicles subindustry, Forza X1's Operating Margin %, along with its competitors' market caps and Operating 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.


Forza X1's Operating Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Forza X1's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Forza X1's Operating Margin % falls into.


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Forza X1 Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Forza X1's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-6.593 / 0.037
=-17,818.92 %

Forza X1's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=-0.864 / 0
= %

* 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.


Forza X1  (OTCPK:FRZA) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Forza X1 Operating Margin % Related Terms

Thank you for viewing the detailed overview of Forza X1's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Forza X1 Business Description

Traded in Other Exchanges
N/A
Address
3101 S. US-1, Fort Pierce, FL, USA, 34982
Forza X1 Inc develops and manufactures fully electric, affordable boats with mass appeal. The company is focused on the creation, implementation, and sale of electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. its electric boats are being designed as fully integrated electric boats including the hull, outboard motor, and control system. Its initial two models, the FX1 Dual Console and FX1 Center Console are being designed to be 24 feet in length, have an 8' beam or width, and utilize a catamaran hull surface to reduce drag and increase run times.
Executives
Neil Ross director 3101 S. US-1, FT. PIERCE FL 34982
Kevin Schuyler director 1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Joseph C Visconti director, 10 percent owner, officer: EC and Chief of PD 525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Carrie L. Gunnerson officer: Interim CFO/Interim PAO 5556 HIGHWAY 9, ARMSTRONG IA 50514
Marcia Kull director 3101 S. US-1, FT. PIERCE FL 34982
James Howard Leffew director, officer: President and CEO 3101 S. US-1, FT. PIERCE FL 34928
Twin Vee Powercats, Inc. 10 percent owner 3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Twin Vee Powercats, Co. 10 percent owner 3101 S. FEDERAL HIGHWAY, FT. PIERCE FL 34982
Nicole Marie Camacho officer: Chief Financial Officer 3101 S US-1, FT. PIERCE FL 34982