Surf Air Mobility (Surf Air Mobility) Gross Margin % : 0.51% (As of Mar. 2024)

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What is Surf Air Mobility Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Surf Air Mobility's Gross Profit for the three months ended in Mar. 2024 was $0.16 Mil. Surf Air Mobility's Revenue for the three months ended in Mar. 2024 was $30.62 Mil. Therefore, Surf Air Mobility's Gross Margin % for the quarter that ended in Mar. 2024 was 0.51%.

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

SRFM' s Gross Margin % Range Over the Past 10 Years
Min: -47.03 Med: -29.65 Max: -4.22
Current: -4.22

During the past 4 years, the highest Gross Margin % of Surf Air Mobility was -4.22%. The lowest was -47.03%. And the median was -29.65%.

SRFM's Gross Margin % is ranked worse than
96.1% of 948 companies
in the Transportation industry
Industry Median: 20.01 vs SRFM: -4.22

Surf Air Mobility had a gross margin of 0.51% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Surf Air Mobility was 0.00% per year.

Surf Air Mobility Gross Margin % Historical Data

The historical data trend for Surf Air Mobility'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.

Surf Air Mobility Gross Margin % Chart

Surf Air Mobility Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

-47.03

-31.78

-27.51

-8.55

Surf Air Mobility Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial							-25.44	-18.00	-	-9.91	0.51

Competitive Comparison of Surf Air Mobility's Gross Margin %

For the Airlines subindustry, Surf Air Mobility'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.

Surf Air Mobility's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Surf Air Mobility's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Surf Air Mobility's Gross Margin % falls into.

Surf Air Mobility Gross Margin % Calculation

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

Surf Air Mobility'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 )
	=	-5.2	/	60.505
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(60.505 - 65.68)	/	60.505
	=	-8.55 %

Surf Air Mobility's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.2	/	30.624
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(30.624 - 30.467)	/	30.624
	=	0.51 %

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.

Surf Air Mobility (NYSE:SRFM) 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

Surf Air Mobility had a gross margin of 0.51% for the quarter that ended in Mar. 2024 => 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.

Surf Air Mobility Gross Margin % Related Terms

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Surf Air Mobility (Surf Air Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Surf Air Mobility Inc (NYSE:SRFM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12111 S. Crenshaw Boulevard, Hawthorne, California 90250, Hawthorne, CA, USA, 90250

Website

https://www.surfair.com

Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.

Executives

Edward A. Mady	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Bruce L. Hack	director	6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Carl A Albert	director	C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
John J. D'agostino	director	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Tyler Painter	director	C/O SURF AIR MOBILITY, 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Sudhin Shahani	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Deanna Leigh White	officer: Chief Financial Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Tyrone D. Bland	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Robert S. Little	director, officer: Chief Executive Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250