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John Wiley & Sons, Inc. (NYSE:JW.A)
Gross Profit
$922 Mil (TTM As of Jan. 2014)

John Wiley & Sons, Inc.'s gross profit for the three months ended in Jan. 2014 was $0 Mil. John Wiley & Sons, Inc.'s gross profit for the trailing twelve months (TTM) ended in Jan. 2014 was $922 Mil.

Gross Margin is calculated as gross profit divided by its revenue. John Wiley & Sons, Inc.'s gross profit for the three months ended in Jan. 2014 was $0 Mil. John Wiley & Sons, Inc.'s revenue for the three months ended in Jan. 2014 was $0 Mil. Therefore, John Wiley & Sons, Inc.'s Gross Margin for the quarter that ended in Jan. 2014 was %.

John Wiley & Sons, Inc. had a gross margin of % for the quarter that ended in Jan. 2014 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin of John Wiley & Sons, Inc. was 72.79%. The lowest was 65.91%. And the median was 68.57%.


Definition

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

John Wiley & Sons, Inc.'s Gross Profit for the fiscal year that ended in Apr. 2013 is calculated as

Gross Profit (A: Apr. 2013 )=Revenue - Cost of Goods Sold
=1760.778 - 532.232
=1,229

John Wiley & Sons, Inc.'s Gross Profit for the quarter that ended in Jan. 2014 is calculated as

Gross Profit (Q: Jan. 2014 )=Revenue - Cost of Goods Sold
=0 - 0
=0

John Wiley & Sons, Inc. Gross Profit for the trailing twelve months (TTM) ended in Jan. 2014 was 312.214 (Apr. 2013 ) + 291.229 (Jul. 2013 ) + 318.801 (Oct. 2013 ) + 0 (Jan. 2014 ) = $922 Mil.

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

John Wiley & Sons, Inc.'s Gross Margin for the quarter that ended in Jan. 2014 is calculated as

Gross Margin (Q: Jan. 2014 )=Gross Profit (Q: Jan. 2014 ) / Revenue (Q: Jan. 2014 )
=(Revenue - Cost of Goods Sold) / Revenue
=0 / 0
= %

* 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

John Wiley & Sons, Inc. had a gross margin of % for the quarter that ended in Jan. 2014 => No sustainable 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.

John Wiley & Sons, Inc. Annual Data

Apr04Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13
Gross_Profit 6146497028141,1411,0951,1651,2041,2391,229

John Wiley & Sons, Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
Gross_Profit 3143093162833023313122913190
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