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Proterra (Proterra) Gross Margin % : -13.27% (As of Sep. 2023)


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What is Proterra Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Proterra's Gross Profit for the three months ended in Sep. 2023 was $-11.4 Mil. Proterra's Revenue for the three months ended in Sep. 2023 was $86.1 Mil. Therefore, Proterra's Gross Margin % for the quarter that ended in Sep. 2023 was -13.27%.


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

PTRAQ' s Gross Margin % Range Over the Past 10 Years
Min: -15.28   Med: -0.03   Max: 3.83
Current: -15.28


During the past 4 years, the highest Gross Margin % of Proterra was 3.83%. The lowest was -15.28%. And the median was -0.03%.

PTRAQ's Gross Margin % is ranked worse than
97.07% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 24.22 vs PTRAQ: -15.28

Proterra had a gross margin of -13.27% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

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


Proterra Gross Margin % Historical Data

The historical data trend for Proterra'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.

Proterra Gross Margin % Chart

Proterra Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Gross Margin %
-0.89 3.83 0.84 -7.75

Proterra Quarterly Data
Dec19 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 -1.33 -25.34 -8.25 -14.45 -13.27

Competitive Comparison of Proterra's Gross Margin %

For the Farm & Heavy Construction Machinery subindustry, Proterra'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.


Proterra's Gross Margin % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Proterra's Gross Margin % distribution charts can be found below:

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



Proterra Gross Margin % Calculation

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

Proterra'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 )
=-24 / 309.364
=(Revenue - Cost of Goods Sold) / Revenue
=(309.364 - 333.355) / 309.364
=-7.75 %

Proterra'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 )
=-11.4 / 86.148
=(Revenue - Cost of Goods Sold) / Revenue
=(86.148 - 97.578) / 86.148
=-13.27 %

* 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.


Proterra  (OTCPK:PTRAQ) 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

Proterra had a gross margin of -13.27% 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.


Proterra Gross Margin % Related Terms

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


Proterra (Proterra) Business Description

Traded in Other Exchanges
N/A
Address
1815 Rollins Road, Burlingame, CA, USA, 94010
Proterra Inc is a developer and producer of zero-emission electric vehicle and EV technology solutions for commercial applications. The company designs, develops, manufactures, and sells electric transit buses as an original equipment manufacturer for North American public transit agencies, airports, universities, and other commercial transit fleets. It also designs, develops, manufactures, sells, and integrates proprietary battery systems and electrification solutions for commercial vehicle manufacturers. Additionally, Proterra provides fleet-scale, high-power charging solutions for its customers. Geographically, it derives a majority of its revenue from the United States.
Executives
Gareth T Joyce director, officer: CEO and President C/O PROTERRA INC, 1815 ROLLINS ROAD, BURLINGAME CA 94010
Jeffrey Donald Embt officer: Chief Accounting Officer 7330 SANTORINI LANE, CHARLOTTE NC 28277
Christopher L Bailey officer: President, Powered & Energy C/O PROTERRA INC., 1815 ROLLINS ROAD, BURLINGAME CA 94010
Julian R Soell officer: President, Proterra Transit C/O PROTERRA INC, 1815 ROLLINS ROAD, BURLINGAME CA 94010
David S Black officer: Chief Financial Officer 800 MAIN STREET, LYNCHBURG VA 24504
Joann Covington officer: Chief Legal Officer, Secy PROTERRA INC, 1815 ROLLINS ROAD, BURLINGAME CA 94010
Karina F Padilla director C/O PROTERRA INC, 1815 ROLLINS ROAD, BURLINGAME CA 94010
Jan Hauser director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Nielsen M Roger director C/O PROTERRA INC, 1815 ROLLINS ROAD, BURLINGAME CA 94010
Mary L Krakauer director 176 SOUTH STREET, HOPKINTON MA 01748
Andrew J Cederoth officer: Interim CFO C/O PROTERRA INC, 1815 ROLLINS ROAD, BURLINGAME CA 94010
Joshua P Ensign officer: Chief Operating Officer C/O PROTERRA INC, 1815 ROLLINS ROAD, BURLINGAME CA 94010
Jeannine P Sargent director C/O VEECO INSTRUMENTS INC., 100 SUNNYSIDE BOULEVARD SUITE B, WOODBURY NY 11797
Michael David Smith director C/O PROTERRA INC, 1815 ROLLINS ROAD, BURLINGAME CA 94010
Joan Robinson-berry director VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68175

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