Onex (ONEXF) Gross Margin % : 76.26% (As of Sep. 2024)

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What is Onex Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Onex's Gross Profit for the three months ended in Sep. 2024 was $151.0 Mil. Onex's Revenue for the three months ended in Sep. 2024 was $198.0 Mil. Therefore, Onex's Gross Margin % for the quarter that ended in Sep. 2024 was 76.26%.

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

ONEXF' s Gross Margin % Range Over the Past 10 Years
Min: 26.16 Med: 34.15 Max: 85.72
Current: 76.76

During the past 13 years, the highest Gross Margin % of Onex was 85.72%. The lowest was 26.16%. And the median was 34.15%.

ONEXF's Gross Margin % is ranked better than
69.19% of 529 companies
in the Asset Management industry
Industry Median: 51.87 vs ONEXF: 76.76

Onex had a gross margin of 76.26% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Onex was 9.30% per year.

Onex Gross Margin % Historical Data

The historical data trend for Onex'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.

Onex Gross Margin % Chart

Onex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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81.67

80.58

85.72

37.30

77.09

Onex Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															83.09	85.40	36.08	77.46	76.26

Competitive Comparison of Onex's Gross Margin %

For the Asset Management subindustry, Onex'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.

Onex's Gross Margin % Distribution in the Asset Management Industry

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

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

Onex Gross Margin % Calculation

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

Onex'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 )
	=	865	/	1122
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1122 - 257)	/	1122
	=	77.09 %

Onex's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	151	/	198
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(198 - 47)	/	198
	=	76.26 %

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.

Onex (OTCPK:ONEXF) 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

Onex had a gross margin of 76.26% for the quarter that ended in Sep. 2024 => 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.

Onex Gross Margin % Related Terms

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Onex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Onex Corp (OTCPK:ONEXF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ONE:Germany ONEX:Canada

Address

161 Bay Street, 49th Floor, P.O. Box 700, Toronto, ON, CAN, M5J 2S1

Website

https://www.onex.com

Onex Corp is a private equity investor and asset management firm. The company operates in two reportable segments: Investing, which comprises the activity of investing Onex' capital, and Asset Management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the Investing segment.