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Australia and New Zealand Banking Group Ltd (OTCPK:ANZBY)
Gross Margin
0.00% (As of Mar. 2014)

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 0.00%.

ANZBY' s 10-Year Gross Margin Range
Min: 0   Max: 0
Current: 0

ANZBY's Gross Marginis ranked lower than
100% of the Companies
in the Global Banks - Regional - Australia industry.

( Industry Median: vs. ANZBY: 0.00 )

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

The 3-Year average Growth Rate of Gross Margin for Australia and New Zealand Banking Group Ltd was 0.00% per year.


Definition

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

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

Gross Margin (A: Sep. 2013 )=Gross Profit (A: Sep. 2013 ) / Revenue (A: Sep. 2013 )
=17567.6 / 17567.6190476
=(Revenue - Cost of Goods Sold) / Revenue
=(17567.6190476 - 0) / 17567.6190476
=100.00 %

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 )
=8870.5 / 8870.45666356
=(Revenue - Cost of Goods Sold) / Revenue
=(8870.45666356 - 0) / 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


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.


Related Terms

Operating Margin, Cost of Goods Sold, Gross Profit, 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 Margin 0.000.000.000.000.000.000.000.000.000.00

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
Gross Margin 0.000.000.000.000.000.000.000.000.000.00
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