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TuSimple Holdings (TuSimple Holdings) Gross Margin % : 0.00% (As of Sep. 2023)


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What is TuSimple Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. TuSimple Holdings's Gross Profit for the three months ended in Sep. 2023 was $0.00 Mil. TuSimple Holdings's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Therefore, TuSimple Holdings's Gross Margin % for the quarter that ended in Sep. 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 TuSimple Holdings's Gross Margin % or its related term are showing as below:

TSPH' s Gross Margin % Range Over the Past 10 Years
Min: -187.19   Med: -117.89   Max: -97.56
Current: -142.13


During the past 5 years, the highest Gross Margin % of TuSimple Holdings was -97.56%. The lowest was -187.19%. And the median was -117.89%.

TSPH's Gross Margin % is ranked worse than
99.79% of 945 companies
in the Transportation industry
Industry Median: 20.24 vs TSPH: -142.13

TuSimple Holdings had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

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


TuSimple Holdings Gross Margin % Historical Data

The historical data trend for TuSimple Holdings'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.

TuSimple Holdings Gross Margin % Chart

TuSimple Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Gross Margin %
- -124.65 -187.19 -97.56 -111.12

TuSimple Holdings Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -104.90 -141.55 -136.28 -167.39 -

Competitive Comparison of TuSimple Holdings's Gross Margin %

For the Trucking subindustry, TuSimple Holdings'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.


TuSimple Holdings's Gross Margin % Distribution in the Transportation Industry

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

* The bar in red indicates where TuSimple Holdings's Gross Margin % falls into.



TuSimple Holdings 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.)

TuSimple Holdings's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=-10.4 / 9.369
=(Revenue - Cost of Goods Sold) / Revenue
=(9.369 - 19.78) / 9.369
=-111.12 %

TuSimple Holdings'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 )
=0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0) / 0
=N/A %

* 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.


TuSimple Holdings  (OTCPK:TSPH) 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

TuSimple Holdings had a gross margin of N/A% 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.


TuSimple Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of TuSimple Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


TuSimple Holdings (TuSimple Holdings) Business Description

Traded in Other Exchanges
N/A
Address
9191 Towne Centre Drive, Suite 600, San Diego, CA, USA, 92122
TuSimple Holdings Inc is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue from providing freight capacity services. TuSimple's two reportable geographic segments are the U.S. and APAC.
Executives
Eric R Tapia officer: See Remarks 100 GRAINGER PARKWAY, LAKE FOREST IL 60045
J. Tyler Mcgaughey director 9191 TOWNE CENTRE DRIVE, SUITE 600, SAN DIEGO CA 92122
Zhen Tao director 9191 TOWNE CENTRE DRIVE, SUITE 600, SAN DIEGO CA 92122
Wendy Hayes director 9191 TOWNE CENTRE DRIVE, SUITE 600, SAN DIEGO CA 92122
Michael G. Mosier director 9191 TOWNE CENTRE DRIVE, SUITE 600, SAN DIEGO CA 92122
Lu James Fu Bin director C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Mehmet Ersin Yumer officer: See Remarks 9191 TOWNE CENTRE DRIVE STE 600, SAN DIEGO CA 92122
James Mullen officer: See Remarks 9191 TOWNE CENTRE DRIVE STE 600, SAN DIEGO CA 92122
Patrick Dillon officer: Chief Financial Officer 9191 TOWNE CENTRE DRIVE STE 600, SAN DIEGO CA 92122
Reed Werner director 9191 TOWNE CENTRE DRIVE STE 600, SAN DIEGO CA 92122
Brad W Buss director 198 CHAMPION COURT, SAN JOSE CA 95134
Cheng Lu director, officer: See Remarks 9191 TOWNE CENTRE DRIVE STE 600, SAN DIEGO CA 92122
Michelle M Sterling director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
White Marble Llc 10 percent owner 9191 TOWNE CENTRE DRIVE STE 600, SAN DIEGO CA 92122
Charles Guowei Chao director, 10 percent owner

TuSimple Holdings (TuSimple Holdings) Headlines

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