SunCar Technology Group (SunCar Technology Group) Gross Margin % : 0.00% (As of Dec. 2023)

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What is SunCar Technology Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SunCar Technology Group's Gross Profit for the six months ended in Dec. 2023 was $0.0 Mil. SunCar Technology Group's Revenue for the six months ended in Dec. 2023 was $0.0 Mil. Therefore, SunCar Technology Group's Gross Margin % for the quarter that ended in Dec. 2023 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 SunCar Technology Group's Gross Margin % or its related term are showing as below:

SDA' s Gross Margin % Range Over the Past 10 Years
Min: 11.46 Med: 13.21 Max: 17.75
Current: 16.54

During the past 4 years, the highest Gross Margin % of SunCar Technology Group was 17.75%. The lowest was 11.46%. And the median was 13.21%.

SDA's Gross Margin % is ranked worse than
60.17% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 19.545 vs SDA: 16.54

SunCar Technology Group had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SunCar Technology Group was 0.00% per year.

SunCar Technology Group Gross Margin % Historical Data

The historical data trend for SunCar Technology Group'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.

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SunCar Technology Group Gross Margin % Chart

SunCar Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

11.50

14.91

17.75

11.46

SunCar Technology Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			13.91	15.75	19.32	13.78	-

Competitive Comparison of SunCar Technology Group's Gross Margin %

For the Auto & Truck Dealerships subindustry, SunCar Technology Group'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.

SunCar Technology Group's Gross Margin % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where SunCar Technology Group's Gross Margin % falls into.

SunCar Technology Group 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.)

SunCar Technology Group'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 )
	=	41.7	/	363.746
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(363.746 - 322.057)	/	363.746
	=	11.46 %

SunCar Technology Group'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 )
	=	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.

SunCar Technology Group (NAS:SDA) 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

SunCar Technology Group had a gross margin of N/A% 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.

SunCar Technology Group Gross Margin % Related Terms

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SunCar Technology Group (SunCar Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SunCar Technology Group Inc (NAS:SDA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Shanghai Feiyou Trading Co., Ltd., Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, CHN, 200072

Website

https://www.suncartech.com

SunCar Technology Group Inc is a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China. It operates an automotive after-sales services business through offering customized service solutions to enterprise clients, who are major banks, insurance companies, telecommunication companies, new energy vehicle, original equipment manufacturers or any client who have end customers demanding automotive services.