DiDi Global (DiDi Global) Gross Margin % : 15.74% (As of Dec. 2023)

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What is DiDi Global Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. DiDi Global's Gross Profit for the three months ended in Dec. 2023 was $1,090 Mil. DiDi Global's Revenue for the three months ended in Dec. 2023 was $6,921 Mil. Therefore, DiDi Global's Gross Margin % for the quarter that ended in Dec. 2023 was 15.74%.

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

DIDIY' s Gross Margin % Range Over the Past 10 Years
Min: 5.5 Med: 10.5 Max: 17.75
Current: 15.18

During the past 6 years, the highest Gross Margin % of DiDi Global was 17.75%. The lowest was 5.50%. And the median was 10.50%.

DIDIY's Gross Margin % is ranked worse than
87.63% of 2627 companies
in the Software industry
Industry Median: 41.73 vs DIDIY: 15.18

DiDi Global had a gross margin of 15.74% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for DiDi Global was 21.30% per year.

DiDi Global Gross Margin % Historical Data

The historical data trend for DiDi Global'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.

DiDi Global Gross Margin % Chart

DiDi Global Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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9.77

11.23

9.76

17.75

15.31

DiDi Global Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial											18.84	17.89	14.55	15.19	15.74

Competitive Comparison of DiDi Global's Gross Margin %

For the Software - Application subindustry, DiDi Global'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.

DiDi Global's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, DiDi Global's Gross Margin % distribution charts can be found below:

* The bar in red indicates where DiDi Global's Gross Margin % falls into.

DiDi Global Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

DiDi Global's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	4123.8	/	26943.211
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(26943.211 - 22819.403)	/	26943.211
	=	15.31 %

DiDi Global's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1089.6	/	6921.235
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6921.235 - 5831.63)	/	6921.235
	=	15.74 %

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.

DiDi Global (OTCPK:DIDIY) 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

DiDi Global had a gross margin of 15.74% for the quarter that ended in Dec. 2023 => 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.

DiDi Global Gross Margin % Related Terms

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DiDi Global (DiDi Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DiDi Global Inc (OTCPK:DIDIY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

92S:Germany

Address

North Ring Road, Tangjialing, Building 1, Yard 6, Haidian District, Beijing, CHN

Website

https://www.didiglobal.com

DiDi Global Inc is a mobility technology platform. It is building four key components of its platform that work together to improve the consumer experience: shared mobility, auto solutions, electric mobility, and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing, chauffeur, hitch, and other services; International; and Other Initiatives.