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GAZ PJSC (MIC:GAZA) Gross Margin % : 18.13% (As of Dec. 2017)


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What is GAZ PJSC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GAZ PJSC's Gross Profit for the six months ended in Dec. 2017 was ₽17,630 Mil. GAZ PJSC's Revenue for the six months ended in Dec. 2017 was ₽97,268 Mil. Therefore, GAZ PJSC's Gross Margin % for the quarter that ended in Dec. 2017 was 18.13%.


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


MIC:GAZA's Gross Margin % is not ranked *
in the Vehicles & Parts industry.
Industry Median: 19.79
* Ranked among companies with meaningful Gross Margin % only.

GAZ PJSC had a gross margin of 18.13% for the quarter that ended in Dec. 2017 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for GAZ PJSC was 0.00% per year.


GAZ PJSC Gross Margin % Historical Data

The historical data trend for GAZ PJSC'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.

GAZ PJSC Gross Margin % Chart

GAZ PJSC Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.87 18.94 18.35 17.38 17.97

GAZ PJSC Semi-Annual Data
Dec07 Dec08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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 18.82 14.21 19.39 17.74 18.13

Competitive Comparison of GAZ PJSC's Gross Margin %

For the Auto Manufacturers subindustry, GAZ PJSC'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.


GAZ PJSC's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, GAZ PJSC's Gross Margin % distribution charts can be found below:

* The bar in red indicates where GAZ PJSC's Gross Margin % falls into.



GAZ PJSC Gross Margin % Calculation

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

GAZ PJSC's Gross Margin for the fiscal year that ended in Dec. 2017 is calculated as

Gross Margin % (A: Dec. 2017 )=Gross Profit (A: Dec. 2017 ) / Revenue (A: Dec. 2017 )
=29585.3 / 164640.347
=(Revenue - Cost of Goods Sold) / Revenue
=(164640.347 - 135055.029) / 164640.347
=17.97 %

GAZ PJSC's Gross Margin for the quarter that ended in Dec. 2017 is calculated as


Gross Margin % (Q: Dec. 2017 )=Gross Profit (Q: Dec. 2017 ) / Revenue (Q: Dec. 2017 )
=17630.2 / 97267.74
=(Revenue - Cost of Goods Sold) / Revenue
=(97267.74 - 79637.502) / 97267.74
=18.13 %

* 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.


GAZ PJSC  (MIC:GAZA) 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

GAZ PJSC had a gross margin of 18.13% for the quarter that ended in Dec. 2017 => 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.


GAZ PJSC Gross Margin % Related Terms

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GAZ PJSC (MIC:GAZA) Business Description

Traded in Other Exchanges
N/A
Address
88 Lenin Avenue, Nizhny Novgorod, RUS, 603950
GAZ PJSC manufactures light commercial vehicles and passenger cars, as well as auto-components, buses, engines and fuel injection equipment, supersize trucks, special purpose vehicles.

GAZ PJSC (MIC:GAZA) Headlines

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