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This statistic highlights Polaris Inc’s Revenue by Product Type, split between PG&A and Wholegoods, reported on a quarterly basis.
The company segregates its operating segments by product line. It is broadly bifurcated into two product types, the whole goods product type and the PG&A product type.
Polaris Inc’s Revenue by Product Type
|Revenue by Product Type||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except percentages)
The revenue of Polaris Inc witnessed a steady growth from $1,954.60 million in Q3 2020 to $2,117.20 million in Q2 2021. It then witnessed a dip, from Q2 2021 to Q3 2021, where the revenue generated stood at $1,959.50 million. The year-on-year increase in revenue was a mere 0.25%, from $1,954.60 million in Q3 2020 to $1,959.50 million in Q3 2021. The quarter-on-quarter decline was 7.44%, from $2,117.20 million in Q2 2021 to $1,959.50 million in Q3 2021. Moreover, for the latest quarter in 2022, majority of the revenue of the company, roughly 71%, is generated by Wholegoods product line. Whereas, the PG&A product type contributes 29% to the total revenue in Q3 2021.
PG&A sales are diagnosed while the company transfers management of the product to the customer. This product type has contributed approximately 29% to the total revenue of the company in Q3 2021. It witnessed an increase of $14.7 million, from $553.70 million in Q3 2020 to $568.40 million in Q3 2021, making a growth of 2.65% on a year-on-year basis. However, it declined by 2.57% on a quarter-on-quarter basis, as compared to $583.40 million in Q2 2021.
The company keeps numerous leased wholegoods allocation facilities wherein very last electric-powered set-up and up-becoming is finished for positive fashions earlier than cargo to sellers, distributors, and customers. The quantum of consideration the company receives and the profit it recognises varies with changes in marketing incentives and rebates it offers to its dealers and their customers. Wholegood vehicles, boats, parts, garments, and accessories (“PG&A”) sales are identified whilst the company transfers manage of the product to the customer.
The majority of the revenue of Polaris Inc is generated from the Wholegoods product type, accounting for 71% of the company’s revenue in Q3 2021. It witnessed an increase of $ million, from $1,400.90 million in Q3 2020 to $1,391.10 million in Q3 2021, making a growth of 0.63% on a year-on-year basis. It declined by 10.43% on a quarter-on-quarter basis, as compared to $1,553.80 million in Q2 2021.
Polaris Inc. is an American producer of motorcycles, snowmobiles, all-terrain motors, and community electric-powered motors. Polaris is deposited to deliver in new ways like no way before while extending a wide-open assignation for further people in further places to join the lift. Their operations and capacity to keep manufacturing are based upon their providers handing over enough portions of systems, components, raw materials, and elements on time to fabricate their merchandise and meet the manufacturing schedules. They design, mastermind, and manufacture electricity sports activities motors which include, Off-Road Vehicles (ORV), which includes All-Terrain Vehicles (ATV) and aspect-by-aspect motors for leisure and mileage use, Snowmobiles, Motorcycles, Global Conterminous Requests motors, which includes Commercial, Government, and Defense vehicles, and Boats. Shares of common inventory of Polaris Inc. exchange at the New York Stock Exchange (NYSE) under trading symbol “PII”.
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