MingZhu Logistics Holdings annual gross margin
2020
2021
2022
2023
2024
MingZhu Logistics Holdings Gross Margin Growth & History (YGMZF)
MingZhu Logistics Holdings's gross margin was 1.96% for fiscal 2024.
View full MingZhu Logistics Holdings company overviewMingZhu Logistics Holdings annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2024 | 2024-12-31 | 1.96% | −83.41 pp |
| 2023 | 2023-12-31 | 85.37% | +150.32 pp |
| 2022 | 2022-12-31 | −64.95% | −76.07 pp |
| 2021 | 2021-12-31 | 11.12% | −3.69 pp |
| 2020 | 2020-12-31 | 14.81% | — |
MingZhu Logistics Holdings gross margin trends
Between the periods ended 2020-12-31 and 2024-12-31, MingZhu Logistics Holdings's gross margin decreased from 14.81% to 1.96%, a change of −12.85 percentage points.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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