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Mullen Automotive (Mullen Automotive) Operating Margin % : -217,900.00% (As of Mar. 2024)


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What is Mullen Automotive Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Mullen Automotive's Operating Income for the three months ended in Mar. 2024 was $-71.91 Mil. Mullen Automotive's Revenue for the three months ended in Mar. 2024 was $0.03 Mil. Therefore, Mullen Automotive's Operating Margin % for the quarter that ended in Mar. 2024 was -217,900.00%.

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

MULN' s Operating Margin % Range Over the Past 10 Years
Min: -70203.55   Med: -70203.55   Max: -65803.28
Current: -65803.28


MULN's Operating Margin % is ranked worse than
99.84% of 1282 companies
in the Vehicles & Parts industry
Industry Median: 5.06 vs MULN: -65803.28

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

Mullen Automotive's Operating Income for the three months ended in Mar. 2024 was $-71.91 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-282.94 Mil.

Warning Sign:

Mullen Automotive Inc has never been profitable in the past 3 years. It lost money every year.


Mullen Automotive Operating Margin % Historical Data

The historical data trend for Mullen Automotive'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.

Mullen Automotive Operating Margin % Chart

Mullen Automotive Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Operating Margin %
- - - - -80,093.17

Mullen Automotive Quarterly Data
Sep19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only - -17,469.48 -168,665.52 - -217,900.00

Competitive Comparison of Mullen Automotive's Operating Margin %

For the Auto Manufacturers subindustry, Mullen Automotive'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.


Mullen Automotive's Operating Margin % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Mullen Automotive's Operating Margin % falls into.



Mullen Automotive 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.

Mullen Automotive's Operating Margin % for the fiscal year that ended in Sep. 2023 is calculated as

Operating Margin %=Operating Income (A: Sep. 2023 ) / Revenue (A: Sep. 2023 )
=-293.141 / 0.366
=-80,093.17 %

Mullen Automotive's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=-71.907 / 0.033
=-217,900.00 %

* 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.


Mullen Automotive  (NAS:MULN) 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.


Mullen Automotive Operating Margin % Related Terms

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


Mullen Automotive (Mullen Automotive) Business Description

Traded in Other Exchanges
N/A
Address
1405 Pioneer Street, Brea, CA, USA, 92821
Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership. The Company owns and partners with several synergistic businesses, all working towards the same goal of creating clean and scalable electric vehicles and energy solutions. The company has two segments Bollinger and Mullen/ELMS, which generates revenue.
Executives
David Michery director, officer: CEO, President 1875 CENTURY PARK EAST, 6TH FLOOR, SUITE 73, CENTURY CITY CA 90067
Chester A. Bragado officer: CAO 1405 PIONEER STREET, BREA CA 92821
Jonathan New officer: Chief Financial Officer 12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
Kent Puckett director 1405 PIONEER STREET, BREA CA 92821
John Kevin Andersen director 1405 PIONEER STREET, BREA CA 92821
Calin Popa officer: Pres. Mullen Automotive 1405 PIONEER STREET, BREA CA 92821
Ignacio Novoa director 1405 PIONEER STREET, BREA CA 92821
Jerry Alban director, officer: COO 1405 PIONEER STREET, BREA CA 92821
Mark Betor director 1405 PIONEER STREET, BREA CA 92821
Kerri Sadler officer: CFO 1405 PIONEER STREET, BREA CA 92821
William Miltner director 1405 PIONEER STREET, BREA CA 92821
Mary Winter director, officer: Secretary 1405 PIONEER STREET, BREA CA 92821
Todd Raarup director 133 PROSPECTOR LANE 4102, ASPEN CO 81611
John Roland director 3370 NE 190 STREET APT. 2108, AVENTURA FL 33180
John Joseph Wiegand director 1250 EASTON ROAD, SUITE 190 A, HORSHAM PA 19044