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Acino Holding AG (FRA:S3H) Gross Margin % : 66.99% (As of Dec. 2013)


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What is Acino Holding AG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Acino Holding AG's Gross Profit for the six months ended in Dec. 2013 was €175.8 Mil. Acino Holding AG's Revenue for the six months ended in Dec. 2013 was €262.4 Mil. Therefore, Acino Holding AG's Gross Margin % for the quarter that ended in Dec. 2013 was 66.99%.


The historical rank and industry rank for Acino Holding AG's Gross Margin % or its related term are showing as below:

FRA:S3H' s Gross Margin % Range Over the Past 10 Years
Min: 23.8   Med: 59.98   Max: 66.99
Current: 66.99


During the past 11 years, the highest Gross Margin % of Acino Holding AG was 66.99%. The lowest was 23.80%. And the median was 59.98%.

FRA:S3H's Gross Margin % is not ranked
in the Drug Manufacturers industry.
Industry Median: 46.48 vs FRA:S3H: 66.99

Acino Holding AG had a gross margin of 66.99% for the quarter that ended in Dec. 2013 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Acino Holding AG was 0.00% per year.


Acino Holding AG Gross Margin % Historical Data

The historical data trend for Acino Holding AG's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Acino Holding AG Gross Margin % Chart

Acino Holding AG Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.36 57.38 65.55 63.95 66.99

Acino Holding AG Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 67.36 57.38 65.55 63.95 66.99

Competitive Comparison of Acino Holding AG's Gross Margin %

For the Drug Manufacturers - General subindustry, Acino Holding AG's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Acino Holding AG's Gross Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Acino Holding AG's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Acino Holding AG's Gross Margin % falls into.



Acino Holding AG Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Acino Holding AG's Gross Margin for the fiscal year that ended in Dec. 2013 is calculated as

Gross Margin % (A: Dec. 2013 )=Gross Profit (A: Dec. 2013 ) / Revenue (A: Dec. 2013 )
=175.8 / 262.442
=(Revenue - Cost of Goods Sold) / Revenue
=(262.442 - 86.64) / 262.442
=66.99 %

Acino Holding AG's Gross Margin for the quarter that ended in Dec. 2013 is calculated as


Gross Margin % (Q: Dec. 2013 )=Gross Profit (Q: Dec. 2013 ) / Revenue (Q: Dec. 2013 )
=175.8 / 262.442
=(Revenue - Cost of Goods Sold) / Revenue
=(262.442 - 86.64) / 262.442
=66.99 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange 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.


Acino Holding AG  (FRA:S3H) Gross Margin % 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

Acino Holding AG had a gross margin of 66.99% for the quarter that ended in Dec. 2013 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Acino Holding AG Gross Margin % Related Terms

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Acino Holding AG (FRA:S3H) Business Description

Traded in Other Exchanges
N/A
Address
Acino Holding AG is a Switzerland-based company engaged in the pharmaceutical industry. The Company develops, manufactures, and markets pharmaceuticals in novel drug delivery forms internationally. It is divided into four segments Business to Consumer (BtC); Business to Business (BtB); Technology marketing (TM); and Production (Prod). The BtC segment comprises all direct marketing activities. Under the company's "Acino Switzerland" brand and, with the promise of Swiss quality, the company sells its products in emerging markets around the globe. This reporting segment includes the business purchased from Mepha/Cephalon in the Middle East, Africa, Latin America and Asia. The BtB segment comprises Acino's business with its internally developed products, for which the company also owns the intellectual property rights. Acino develops and produces high-quality medicines with proven active ingredients and modern drug delivery systems and grants licenses for them to leading pharmaceutical and generic pharmaceutical companies worldwide. The technology marketing segment comprises a broad spectrum of fully integrated contract services, including procurement, contract development, production and packaging for companies in the life sciences industry. On behalf of these customers, Acino develops a comprehensive product pipeline on the basis of its special technological know-how. This includes both new types of medicines as well as projects with innovative drug delivery systems for established active ingredients. The production segment is responsible for the manufacturing of products and the supplying of the other three segments, and generates turnover through the reimbursement of its services. The manufacturing costs of products are credited to the production segment at standard prices along with remuneration in the form of a mark-up for materials and production costs.

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