Ares Management (Ares Management) Gross Profit : $3,500 Mil (TTM As of Dec. 2023)

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What is Ares Management Gross Profit?

Ares Management's gross profit for the three months ended in Dec. 2023 was $1,100 Mil. Ares Management's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $3,500 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Ares Management's gross profit for the three months ended in Dec. 2023 was $1,100 Mil. Ares Management's Revenue for the three months ended in Dec. 2023 was $1,491 Mil. Therefore, Ares Management's Gross Margin % for the quarter that ended in Dec. 2023 was 73.78%.

Ares Management had a gross margin of 73.78% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Ares Management was 78.21%. The lowest was 55.83%. And the median was 68.53%.

Ares Management Gross Profit Historical Data

The historical data trend for Ares Management'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.

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Ares Management Gross Profit Chart

Ares Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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1,539.88

1,362.65

3,593.55

2,230.90

3,500.28

Ares Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															848.27	691.57	1,066.79	641.93	1,099.99

Competitive Comparison of Ares Management's Gross Profit

For the Asset Management subindustry, Ares Management'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.

Ares Management's Gross Profit Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ares Management's Gross Profit distribution charts can be found below:

* The bar in red indicates where Ares Management's Gross Profit falls into.

Ares Management Gross Profit Calculation

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

Ares Management's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	4986.978	-	1486.698
	=	3,500

Ares Management's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1490.859	-	390.865
	=	1,100

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 $3,500 Mil.

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

Ares Management's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	1,100	/	1490.859
	=	73.78 %

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.

Ares Management (NYSE:ARES) 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

Ares Management had a gross margin of 73.78% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Ares Management Gross Profit Related Terms

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Ares Management (Ares Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ares Management Corp (NYSE:ARES) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

0QN:Germany

Address

2000 Avenue of the Stars, 12th Floor, Los Angeles, CA, USA, 90067

Website

https://www.aresmgmt.com

Ares Management Corp is an asset management company based in the United States. It offers investors investment-related advice and strategies for capital growth. The company's operating segments include Credit Group, Private Equity Group, Real Estate Group, Secondaries Group, and Strategic Initiatives. Its Credit Group generates maximum revenue, and manages credit strategies across the liquid and illiquid spectrum. Private Equity Group manages investment strategies categorized as corporate private equity, infrastructure and power, and special opportunities, Real Estate Group is engaged in managing real estate equity and debt strategies. The Secondary Solutions Group invests in secondary markets across a range of asset class including private equity, real estate, and infrastructure.

Executives

Michael J Arougheti	director, officer: Co-Founder & President	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Bennett Rosenthal	director, officer: Co-Founder & Senior Partner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
David B Kaplan	director, officer: Co-Founder & Senior Partner	1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067
Ryan Berry	officer: Ptr, Chief Mktg. & Strat. Off.	C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
R. Kipp Deveer	officer: Partner	245 PARK AVENUE, 44TH FLOOR, NEW YORK NY 10167
Ashish Bhutani	director
Judy D. Olian	director	2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067
Aghili Naseem Sagati	officer: General Counsel	2000 AVENUE OF THE STARS, LOS ANGELES CA 90067
Bush Antoinette Cook	director	NORTHPOINT TECHNOLOGY, 444 N CAPITOL STREET NW STE 645, WASHINGTON DC 20001
Antony P Ressler	director, officer: Chairman, CEO, Co-Founder	1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067
Eileen Naughton	director	C/O GOOGLE INC., 76 NINTH AVENUE, 4TH FLOOR, NEW YORK NY 10011
Ares Management Corp	officer: Chief Financial Officer	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Jarrod Phillips	officer: Chief Financial Officer	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 100167
Michael R Mcferran	officer: EVP, CFO & Treasurer	555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104
Michael D Weiner	officer: EVP, CLO & Secretary	10250 CONSTELLATION BLVD, SUITE 2900, LOS ANGELES CA 90067-6229