New Momentum (NNAX) Gross Margin (2019 - 2024)
New Momentum (NNAX) recorded quarterly Gross Margin of 100.0% in Q1 2024, up 1569.33% quarter-over-quarter from 5.99% in Q4 2023, and up 10335.0% on a YoY basis from N/an in Q2 2023.
New Momentum (NNAX) Gross Margin (2019 - 2024) Analysis & Trends
New Momentum's Gross Margin history runs 6 years deep, the most recent figure standing at 100.0% for Q1 2024.
- In Q1 2024, Gross Margin rose 10335.0% year-over-year to 100.0%; the TTM figure through Dec 2024 stood at 100.0% (up 10061.0% YoY), while the FY2024 annual figure was 100.0%, up 9850.0% from the prior year.
- Gross Margin was 100.0% for Q1 2024 at New Momentum, up from 5.99% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 100.0% in Q1 2020 to a low of 3.35% in Q1 2023.
- Historically, Gross Margin has averaged 25.57% across 5 years, with a median of 1.37% in 2022.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 10335 bps in 2023, then soared 10335 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 1.53% in 2020, then slumped by 66 bps to 0.51% in 2021, then soared by 166 bps to 1.37% in 2022, then surged by 339 bps to 5.99% in 2023, then jumped by 1569 bps to 100.0% in 2024.
- The last three Gross Margin figures came in at 100.0% (Q1 2024), 5.99% (Q4 2023), and 15.09% (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 130.26 Bn | 114.24 Bn | 3.46 Bn | 62.62% |
| 2 | Royal Caribbean Cruises | 79.38 Bn | 78.87 Bn | 2.21 Bn | 49.53% |
| 3 | Airbnb | 79.10 Bn | 67.09 Bn | 2.10 Bn | 78.30% |
| 4 | Carnival | 40.18 Bn | 38.77 Bn | - | - |
| 5 | Expedia | 27.43 Bn | 21.64 Bn | 3.05 Bn | 89.00% |
| 6 | Norwegian Cruise Line Holdings | 8.89 Bn | 8.71 Bn | 953.34 Mn | 40.89% |
| 7 | Global Business Travel | 4.79 Bn | 4.36 Bn | 714.00 Mn | 85.00% |
| 8 | Travel & Leisure | 4.67 Bn | 4.41 Bn | 926.00 Mn | 96.36% |
| 9 | Trip.com | 4.32 Bn | -894.90 Mn | 1.74 Bn | 78.84% |
| 10 | New Momentum | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 100.00% |
| Dec 31, 2023 | 5.99% |
| Sep 30, 2023 | 15.09% |
| Jun 30, 2023 | 0.43% |
| Mar 31, 2023 | -3.35% |
| Dec 31, 2022 | 1.37% |
| Sep 30, 2022 | 0.38% |
| Jun 30, 2022 | 0.39% |
| Mar 31, 2022 | 100.00% |
| Dec 31, 2021 | 0.51% |
| Sep 30, 2021 | 0.46% |
| Jun 30, 2021 | 0.37% |
| Mar 31, 2021 | 0.33% |
| Dec 31, 2020 | 1.53% |
| Sep 30, 2020 | 11.21% |
| Jun 30, 2020 | 100.00% |
| Mar 31, 2020 | 100.00% |
| Dec 31, 2019 | 100.00% |
| Sep 30, 2019 | 100.00% |