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GAM Holding AG (CHIX:GAMZ) Gross Margin % : 15.53% (As of Jun. 2024)


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What is GAM Holding AG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GAM Holding AG's Gross Profit for the six months ended in Jun. 2024 was CHF13.2 Mil. GAM Holding AG's Revenue for the six months ended in Jun. 2024 was CHF85.0 Mil. Therefore, GAM Holding AG's Gross Margin % for the quarter that ended in Jun. 2024 was 15.53%.

Warning Sign:

GAM Holding AG gross margin has been in long-term decline. The average rate of decline per year is -9.8%.


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

CHIX:GAMz' s Gross Margin % Range Over the Past 10 Years
Min: 13.87   Med: 25.53   Max: 34.59
Current: 13.87


During the past 13 years, the highest Gross Margin % of GAM Holding AG was 34.59%. The lowest was 13.87%. And the median was 25.53%.

CHIX:GAMz's Gross Margin % is ranked worse than
80.72% of 529 companies
in the Asset Management industry
Industry Median: 51.87 vs CHIX:GAMz: 13.87

GAM Holding AG had a gross margin of 15.53% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for GAM Holding AG was -9.80% per year.


GAM Holding AG Gross Margin % Historical Data

The historical data trend for GAM 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.

GAM Holding AG Gross Margin % Chart

GAM Holding AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.52 18.00 18.86 17.25 16.07

GAM Holding AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.36 15.85 18.76 12.98 15.53

Competitive Comparison of GAM Holding AG's Gross Margin %

For the Asset Management subindustry, GAM 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.


GAM Holding AG's Gross Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GAM Holding AG's Gross Margin % distribution charts can be found below:

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



GAM Holding AG Gross Margin % Calculation

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

GAM Holding AG's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=55.2 / 343.4
=(Revenue - Cost of Goods Sold) / Revenue
=(343.4 - 288.2) / 343.4
=16.07 %

GAM Holding AG's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=13.2 / 85
=(Revenue - Cost of Goods Sold) / Revenue
=(85 - 71.8) / 85
=15.53 %

* 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.


GAM Holding AG  (CHIX:GAMz) 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

GAM Holding AG had a gross margin of 15.53% for the quarter that ended in Jun. 2024 => No sustainable 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.


GAM Holding AG Gross Margin % Related Terms

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GAM Holding AG Business Description

Traded in Other Exchanges
Address
Hardstrasse 201, Zurich, CHE, CH-8037
GAM Holding AG is a asset manager with products that cater to institutions, intermediaries, and private clients. Customers are offered directional and absolute return strategies across an array of asset classes and strategies. In addition to an asset-management business, clients are offered private labeling services, such as fund administration and management company services. The company provides Asset management services through the GAM and Julius Bae brands and includes investment advice from internal and external professionals.

GAM Holding AG Headlines

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