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Polestar Automotive Holding UK (Polestar Automotive Holding UK) Gross Margin % : 0.59% (As of Sep. 2023)


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What is Polestar Automotive Holding UK Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Polestar Automotive Holding UK's Gross Profit for the three months ended in Sep. 2023 was $4 Mil. Polestar Automotive Holding UK's Revenue for the three months ended in Sep. 2023 was $613 Mil. Therefore, Polestar Automotive Holding UK's Gross Margin % for the quarter that ended in Sep. 2023 was 0.59%.


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

PSNY' s Gross Margin % Range Over the Past 10 Years
Min: 0.06   Med: 7.06   Max: 56.94
Current: 2.94


During the past 4 years, the highest Gross Margin % of Polestar Automotive Holding UK was 56.94%. The lowest was 0.06%. And the median was 7.06%.

PSNY's Gross Margin % is ranked worse than
95.66% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 19.67 vs PSNY: 2.94

Polestar Automotive Holding UK had a gross margin of 0.59% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Polestar Automotive Holding UK was 0.00% per year.


Polestar Automotive Holding UK Gross Margin % Historical Data

The historical data trend for Polestar Automotive Holding UK'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.

Polestar Automotive Holding UK Gross Margin % Chart

Polestar Automotive Holding UK Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Gross Margin %
56.94 9.26 0.06 4.85

Polestar Automotive Holding UK Quarterly Data
Dec19 Dec20 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 0.93 6.29 3.37 -0.12 0.59

Competitive Comparison of Polestar Automotive Holding UK's Gross Margin %

For the Auto Manufacturers subindustry, Polestar Automotive Holding UK'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.


Polestar Automotive Holding UK's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Polestar Automotive Holding UK's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Polestar Automotive Holding UK's Gross Margin % falls into.



Polestar Automotive Holding UK Gross Margin % Calculation

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

Polestar Automotive Holding UK'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 )
=119.4 / 2461.896
=(Revenue - Cost of Goods Sold) / Revenue
=(2461.896 - 2342.453) / 2461.896
=4.85 %

Polestar Automotive Holding UK'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 )
=3.6 / 613.182
=(Revenue - Cost of Goods Sold) / Revenue
=(613.182 - 609.581) / 613.182
=0.59 %

* 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.


Polestar Automotive Holding UK  (NAS:PSNY) 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

Polestar Automotive Holding UK had a gross margin of 0.59% 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.


Polestar Automotive Holding UK Gross Margin % Related Terms

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Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Traded in Other Exchanges
Address
Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31
Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.