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Australia and New Zealand Banking Group Ltd (OTCPK:ANZBY)
Selling, General, & Admin. Expense
$5,068 Mil (TTM As of Sep. 2014)

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Australia and New Zealand Banking Group Ltd's selling, general, & admin. expense for the six months ended in Sep. 2014 was $2,605 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Sep. 2014 was $5,068 Mil.


Definition

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Australia and New Zealand Banking Group Ltd Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Sep. 2014 was $5,068 Mil.

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


Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Related Terms

Gross Profit, Cost of Goods Sold


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

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
SG&A 2,0962,4692,9743,1813,7734,7895,5145,6745,0185,068

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14Sep14
SG&A 2,0092,7192,6452,8392,7802,9262,6652,6232,4762,605
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