Canoo (GOEV) Net Margin % : -7,750.68% (As of Dec. 2023)

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What is Canoo Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Canoo's Net Income for the three months ended in Dec. 2023 was $-28.45 Mil. Canoo's Revenue for the three months ended in Dec. 2023 was $0.37 Mil. Therefore, Canoo's net margin for the quarter that ended in Dec. 2023 was -7,750.68%.

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

GOEV' s Net Margin % Range Over the Past 10 Years
Min: -34088.15 Med: -18743.8 Max: -3399.45
Current: -34088.15

GOEV's Net Margin % is ranked worse than
99.61% of 1288 companies
in the Vehicles & Parts industry
Industry Median: 3.375 vs GOEV: -34088.15

Canoo Net Margin % Historical Data

The historical data trend for Canoo's Net 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.

Canoo Net Margin % Chart

Canoo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

-3,399.45

-34,088.15

Canoo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial												-	-	-	-21,574.95	-7,750.68

Competitive Comparison of Canoo's Net Margin %

For the Auto Manufacturers subindustry, Canoo's Net Margin %, along with its competitors' market caps and Net 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.

Canoo's Net Margin % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Canoo's Net Margin % falls into.

Canoo Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Canoo's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-302.021	/	0.886
	=	-34,088.15 %

Canoo's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-28.445	/	0.367
	=	-7,750.68 %

Canoo (NAS:GOEV) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Canoo Net Margin % Related Terms

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

Canoo (GOEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Canoo Inc (NAS:GOEV) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

GOEVW:USA 9XK:Germany 9XK:Germany

Address

19951 Mariner Avenue, Torrance, CA, USA, 90503

Website

https://www.canoo.com

Canoo Inc is a mobility technology company. The company designs and manufactures electric vehicles for both commercial and consumer markets. The product pipeline includes three vehicle programs: Electric delivery vehicles, Lifestyle vehicle, and Sports vehicle.

Executives

Hector M. Ruiz	officer: General Counsel, Corp Secy	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Ramesh Murthy	officer: SVP, CAO and ICFO	19951 MARINER AVENUE, TORRANCE CA 90503
Josette Sheeran	director	C/O CANOO INC., 19951 MARINER AVE., TORRANCE CA 90503
Kenneth Manget	officer: Chief Financial Officer	C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Tony Aquila	director, 10 percent owner, officer: Executive Chairman and CEO	2126 HAMILTON ROAD, SUITE 260, ARGYLE TX 76226
Dd Global Holdings Ltd	10 percent owner	WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
De Capital Ltd	10 percent owner	RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Pak Tam Li	10 percent owner	RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Champ Key Ltd	10 percent owner	WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
Remarkable Views Consultants Ltd.	10 percent owner	4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, NEIHU DIST., TAIPEI F5 114
Victor Chu	10 percent owner	C/O REMARKABLE VIEWS CONSULTANTS LTD., 4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, TAIPEI F5 114
Thomas A Dattilo	director	COOPER TIRE & RUBBER COMPANY, 701 LIMA AVENUE, FINDLAY OH 45840
Renato Giger	officer: SVP and Interim CFO	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Edelman Claudia Romo	director	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Arthur F Kingsbury	director	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503