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Australia and New Zealand Banking Group Ltd (OTCPK:ANZBY)
Gross Profit
$0 Mil (TTM As of Mar. 2014)

Australia and New Zealand Banking Group Ltd's gross profit for the six months ended in Mar. 2014 was $0 Mil. Australia and New Zealand Banking Group Ltd's gross profit for the trailing twelve months (TTM) ended in Mar. 2014 was $0 Mil.

Gross Margin is calculated as gross profit divided by its revenue. Australia and New Zealand Banking Group Ltd's gross profit for the six months ended in Mar. 2014 was $0 Mil. Australia and New Zealand Banking Group Ltd's revenue for the six months ended in Mar. 2014 was $8,870 Mil. Therefore, Australia and New Zealand Banking Group Ltd's Gross Margin for the quarter that ended in Mar. 2014 was 100.00%.

Australia and New Zealand Banking Group Ltd had a gross margin of 100.00% for the quarter that ended in Mar. 2014 => Durable competitive advantage


Definition

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Australia and New Zealand Banking Group Ltd's Gross Profit for the fiscal year that ended in Sep. 2013 is calculated as

Gross Profit (A: Sep. 2013 )=Revenue - Cost of Goods Sold
=17567.6190476 - 0
=17,568

Australia and New Zealand Banking Group Ltd's Gross Profit for the quarter that ended in Mar. 2014 is calculated as

Gross Profit (Q: Mar. 2014 )=Revenue - Cost of Goods Sold
=8870.45666356 - 0
=8,870

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Australia and New Zealand Banking Group Ltd Gross Profit for the trailing twelve months (TTM) ended in Mar. 2014 was $0 Mil.

Gross Profit is the numerator in the calculation of Gross Margin:

Australia and New Zealand Banking Group Ltd's Gross Margin for the quarter that ended in Mar. 2014 is calculated as

Gross Margin (Q: Mar. 2014 )=Gross Profit (Q: Mar. 2014 ) / Revenue (Q: Mar. 2014 )
=(Revenue - Cost of Goods Sold) / Revenue
=8,870 / 8870.45666356
=100.00 %

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


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

Australia and New Zealand Banking Group Ltd had a gross margin of 100.00% for the quarter that ended in Mar. 2014 => Durable competitive advantage


Related Terms

Cost of Goods Sold, Gross Margin, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Australia and New Zealand Banking Group Ltd Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
Gross_Profit 0000000000

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
Gross_Profit 0000000000
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