Trine Acquisition (Trine Acquisition) Gross Margin % : 0.00% (As of Sep. 2020)

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What is Trine Acquisition Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Trine Acquisition's Gross Profit for the three months ended in Sep. 2020 was $0.00 Mil. Trine Acquisition's Revenue for the three months ended in Sep. 2020 was $0.00 Mil. Therefore, Trine Acquisition's Gross Margin % for the quarter that ended in Sep. 2020 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

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

TRNE's Gross Margin % is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 45.39
* Ranked among companies with meaningful Gross Margin % only.

Trine Acquisition had a gross margin of N/A% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage

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

Trine Acquisition Gross Margin % Historical Data

The historical data trend for Trine Acquisition'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.

Trine Acquisition Gross Margin % Chart

Trine Acquisition Annual Data

Trend

Dec18

Dec19

Gross Margin %

Trine Acquisition Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Gross Margin %	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Trine Acquisition's Gross Margin %

For the Shell Companies subindustry, Trine Acquisition'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.

Trine Acquisition's Gross Margin % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Trine Acquisition's Gross Margin % distribution charts can be found below:

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

Trine Acquisition Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Trine Acquisition's Gross Margin for the fiscal year that ended in Dec. 2019 is calculated as

Gross Margin % (A: Dec. 2019 )	=	Gross Profit (A: Dec. 2019 )	/	Revenue (A: Dec. 2019 )
	=	0	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0)	/	0
	=	N/A %

Trine Acquisition's Gross Margin for the quarter that ended in Sep. 2020 is calculated as

Gross Margin % (Q: Sep. 2020 )	=	Gross Profit (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0)	/	0
	=	N/A %

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.

Trine Acquisition (NYSE:TRNE) 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

Trine Acquisition had a gross margin of N/A% for the quarter that ended in Sep. 2020 => 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.

Trine Acquisition Gross Margin % Related Terms

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Trine Acquisition (Trine Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine Acquisition Corp (NYSE:TRNE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Lexington Avenue, 48th Floor, The Chrysler Building, New York, NY, USA, 10174

Website

https://www.trineacquisitioncorp.com

Trine Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.