Ninety One (JSE:NY1) Gross Margin % : 46.20% (As of Sep. 2023)

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What is Ninety One Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ninety One's Gross Profit for the six months ended in Sep. 2023 was R3,798 Mil. Ninety One's Revenue for the six months ended in Sep. 2023 was R8,220 Mil. Therefore, Ninety One's Gross Margin % for the quarter that ended in Sep. 2023 was 46.20%.

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

JSE:NY1' s Gross Margin % Range Over the Past 10 Years
Min: 42.83 Med: 48.11 Max: 53.91
Current: 52.61

During the past 7 years, the highest Gross Margin % of Ninety One was 53.91%. The lowest was 42.83%. And the median was 48.11%.

JSE:NY1's Gross Margin % is ranked better than
50.94% of 534 companies
in the Asset Management industry
Industry Median: 52.02 vs JSE:NY1: 52.61

Ninety One had a gross margin of 46.20% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ninety One was 4.30% per year.

Ninety One Gross Margin % Historical Data

The historical data trend for Ninety One'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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Ninety One Gross Margin % Chart

Ninety One Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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46.05

48.11

49.76

53.91

52.35

Ninety One Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial								46.12	61.62	45.93	59.19	46.20

Competitive Comparison of Ninety One's Gross Margin %

For the Asset Management subindustry, Ninety One'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.

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

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

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

Ninety One Gross Margin % Calculation

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

Ninety One's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	8648.9	/	16519.972
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(16519.972 - 7871.085)	/	16519.972
	=	52.35 %

Ninety One's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3797.8	/	8220.035
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8220.035 - 4422.201)	/	8220.035
	=	46.20 %

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.

Ninety One (JSE:NY1) 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

Ninety One had a gross margin of 46.20% for the quarter that ended in Sep. 2023 => 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.

Ninety One Gross Margin % Related Terms

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Ninety One (JSE:NY1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ninety One Ltd (JSE:NY1) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

L91:Germany

Address

36 Hans Strijdom Avenue, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.ninetyone.com

Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors. Geographically, it derives a majority of revenue from the United Kingdom and others.

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