Zoomcar Holdings (Zoomcar Holdings) Gross Margin % : 13.55% (As of Dec. 2023)

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What is Zoomcar Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Zoomcar Holdings's Gross Profit for the three months ended in Dec. 2023 was $0.33 Mil. Zoomcar Holdings's Revenue for the three months ended in Dec. 2023 was $2.42 Mil. Therefore, Zoomcar Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 13.55%.

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

ZCAR' s Gross Margin % Range Over the Past 10 Years
Min: -134.25 Med: -97.56 Max: -25.32
Current: -25.32

During the past 3 years, the highest Gross Margin % of Zoomcar Holdings was -25.32%. The lowest was -134.25%. And the median was -97.56%.

ZCAR's Gross Margin % is ranked worse than
99.19% of 988 companies
in the Business Services industry
Industry Median: 34.405 vs ZCAR: -25.32

Zoomcar Holdings had a gross margin of 13.55% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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

Zoomcar Holdings Gross Margin % Historical Data

The historical data trend for Zoomcar 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.

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Zoomcar Holdings Gross Margin % Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Gross Margin %

-93.79

-97.56

-134.25

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			-410.65	-11.30	-53.58	-38.09	13.55

Competitive Comparison of Zoomcar Holdings's Gross Margin %

For the Rental & Leasing Services subindustry, Zoomcar 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.

Zoomcar Holdings's Gross Margin % Distribution in the Business Services Industry

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

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

Zoomcar Holdings Gross Margin % Calculation

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

Zoomcar Holdings's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	-11.8	/	8.826
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8.826 - 20.675)	/	8.826
	=	-134.25 %

Zoomcar Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.3	/	2.421
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.421 - 2.093)	/	2.421
	=	13.55 %

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.

Zoomcar Holdings (NAS:ZCAR) 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

Zoomcar Holdings had a gross margin of 13.55% for the quarter that ended in Dec. 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.

Zoomcar Holdings Gross Margin % Related Terms

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Zoomcar Holdings (Zoomcar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.