360 One Wam (BOM:542772) Gross Margin % : 35.49% (As of Mar. 2024)

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What is 360 One Wam Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. 360 One Wam's Gross Profit for the three months ended in Mar. 2024 was ₹2,269 Mil. 360 One Wam's Revenue for the three months ended in Mar. 2024 was ₹6,394 Mil. Therefore, 360 One Wam's Gross Margin % for the quarter that ended in Mar. 2024 was 35.49%.

Warning Sign:

360 One Wam Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.9%.

The historical rank and industry rank for 360 One Wam's Gross Margin % or its related term are showing as below:

BOM:542772' s Gross Margin % Range Over the Past 10 Years
Min: 51.03 Med: 61.54 Max: 72.12
Current: 52.59

During the past 8 years, the highest Gross Margin % of 360 One Wam was 72.12%. The lowest was 51.03%. And the median was 61.54%.

BOM:542772's Gross Margin % is ranked better than
51.14% of 528 companies
in the Asset Management industry
Industry Median: 51.56 vs BOM:542772: 52.59

360 One Wam had a gross margin of 35.49% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for 360 One Wam was -3.90% per year.

360 One Wam Gross Margin % Historical Data

The historical data trend for 360 One Wam'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.

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360 One Wam Gross Margin % Chart

360 One Wam Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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58.82

54.66

51.03

64.26

52.58

360 One Wam Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															64.01	59.39	60.48	61.66	35.49

Competitive Comparison of 360 One Wam's Gross Margin %

For the Asset Management subindustry, 360 One Wam'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.

360 One Wam's Gross Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 360 One Wam's Gross Margin % distribution charts can be found below:

* The bar in red indicates where 360 One Wam's Gross Margin % falls into.

360 One Wam Gross Margin % Calculation

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

360 One Wam's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	10549.1	/	20061.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(20061.2 - 9512.1)	/	20061.2
	=	52.58 %

360 One Wam's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2268.9	/	6393.9
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6393.9 - 4125)	/	6393.9
	=	35.49 %

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.

360 One Wam (BOM:542772) 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

360 One Wam had a gross margin of 35.49% for the quarter that ended in Mar. 2024 => Competition eroding margins

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.

360 One Wam Gross Margin % Related Terms

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360 One Wam (BOM:542772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 360 One Wam Ltd (BOM:542772) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

360ONE:India

Address

Senapati Bapat Marg, IIFL Centre, Kamala City, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.iiflwealth.com

360 One Wam Ltd formerly IIFL Wealth Management Ltd is a private wealth management firm in India. Its business is divided into two parts Wealth Management and Asset Management. The Company's main business is to provide transaction structuring relating to financial products to its clients. The company serves high net worth and ultra-high net worth individuals, affluent families, family offices and institutional clients through a range of wealth management solutions. It generates maximum revenue from the Wealth Management segment.

360 One Wam (BOM:542772) Headlines

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