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EZGO Technologies (EZGO Technologies) Gross Margin % : 8.89% (As of Sep. 2023)


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What is EZGO Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. EZGO Technologies's Gross Profit for the six months ended in Sep. 2023 was $0.96 Mil. EZGO Technologies's Revenue for the six months ended in Sep. 2023 was $10.76 Mil. Therefore, EZGO Technologies's Gross Margin % for the quarter that ended in Sep. 2023 was 8.89%.

Warning Sign:

EZGO Technologies Ltd gross margin has been in long-term decline. The average rate of decline per year is -49.4%.


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

EZGO' s Gross Margin % Range Over the Past 10 Years
Min: 1.26   Med: 8.63   Max: 81.98
Current: 7.15


During the past 6 years, the highest Gross Margin % of EZGO Technologies was 81.98%. The lowest was 1.26%. And the median was 8.63%.

EZGO's Gross Margin % is ranked worse than
90.16% of 1270 companies
in the Vehicles & Parts industry
Industry Median: 19.445 vs EZGO: 7.15

EZGO Technologies had a gross margin of 8.89% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for EZGO Technologies was -49.40% per year.


EZGO Technologies Gross Margin % Historical Data

The historical data trend for EZGO Technologies'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.

EZGO Technologies Gross Margin % Chart

EZGO Technologies Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Margin %
Get a 7-Day Free Trial 81.98 10.10 1.63 1.26 7.15

EZGO Technologies Semi-Annual Data
Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.63 4.68 -0.55 3.53 8.89

Competitive Comparison of EZGO Technologies's Gross Margin %

For the Recreational Vehicles subindustry, EZGO Technologies'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.


EZGO Technologies's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EZGO Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where EZGO Technologies's Gross Margin % falls into.



EZGO Technologies Gross Margin % Calculation

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

EZGO Technologies's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )=Gross Profit (A: Sep. 2023 ) / Revenue (A: Sep. 2023 )
=1.1 / 15.921
=(Revenue - Cost of Goods Sold) / Revenue
=(15.921 - 14.782) / 15.921
=7.15 %

EZGO Technologies's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=1 / 10.759
=(Revenue - Cost of Goods Sold) / Revenue
=(10.759 - 9.802) / 10.759
=8.89 %

* 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.

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.


EZGO Technologies  (NAS:EZGO) 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

EZGO Technologies had a gross margin of 8.89% for the quarter that ended in Sep. 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.


EZGO Technologies Gross Margin % Related Terms

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EZGO Technologies (EZGO Technologies) Business Description

Traded in Other Exchanges
N/A
Address
Changzhou Institute of Dalian University of Technology, Building No. A, Floor 2, Science and Education Town, Wujin District, Jiangsu, Changzhou, CHN, 213164
EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs and the E-bicycle sales segment. The company generates maximum revenue from the E-bicycle segment.