Affiliated Managers Group's gross profit for the
three
months ended in Dec. 2023 was $258 Mil. Affiliated Managers Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1,207 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Affiliated Managers Group's gross profit for the
three
months ended in Dec. 2023 was $258 Mil. Affiliated Managers Group's Revenue for the
three
months ended in Dec. 2023 was $503 Mil. Therefore, Affiliated Managers Group's Gross Margin % for the quarter that ended in Dec. 2023 was 51.35%.
Affiliated Managers Group had a gross margin of 51.35% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Affiliated Managers Group was 58.96%. The lowest was 54.00%. And the median was 57.52%.
Warning Sign:
Affiliated Managers Group Inc gross margin has been in long-term decline. The average rate of decline per year is -1.2%.
Affiliated Managers Group Gross Profit Historical Data
The historical data trend for Affiliated Managers Group's Gross Profit 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.
Competitive Comparison of Affiliated Managers Group's Gross Profit
For the Asset Management subindustry, Affiliated Managers Group's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Affiliated Managers Group's Gross Profit Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Affiliated Managers Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Affiliated Managers Group's Gross Profit falls into.
Affiliated Managers Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Affiliated Managers Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,207 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Affiliated Managers Group's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* 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.
Affiliated Managers Group (NYSE:AMG) Gross Profit 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
Affiliated Managers Group had a gross margin of 51.35% for the quarter that ended in Dec. 2023 => Durable competitive advantage
Affiliated Managers Group Gross Profit Related Terms
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Affiliated Managers Group (Affiliated Managers Group) Business Description
Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of September 2023, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 36% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (27%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (21%)—had $635.8 billion in managed assets.
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