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SAS AB (SAS AB) Gross Margin % : 7.81% (As of Apr. 2024)


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What is SAS AB Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SAS AB's Gross Profit for the three months ended in Apr. 2024 was $72 Mil. SAS AB's Revenue for the three months ended in Apr. 2024 was $924 Mil. Therefore, SAS AB's Gross Margin % for the quarter that ended in Apr. 2024 was 7.81%.


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

SASDQ' s Gross Margin % Range Over the Past 10 Years
Min: -31.25   Med: 24.16   Max: 31.88
Current: 14.19


During the past 13 years, the highest Gross Margin % of SAS AB was 31.88%. The lowest was -31.25%. And the median was 24.16%.

SASDQ's Gross Margin % is ranked worse than
67.13% of 943 companies
in the Transportation industry
Industry Median: 20.14 vs SASDQ: 14.19

SAS AB had a gross margin of 7.81% for the quarter that ended in Apr. 2024 => No sustainable competitive advantage

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


SAS AB Gross Margin % Historical Data

The historical data trend for SAS AB'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.

SAS AB Gross Margin % Chart

SAS AB Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.18 -31.25 -24.72 6.75 11.93

SAS AB Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 5.44 26.35 11.86 6.54 7.81

Competitive Comparison of SAS AB's Gross Margin %

For the Airlines subindustry, SAS AB'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.


SAS AB's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SAS AB's Gross Margin % distribution charts can be found below:

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



SAS AB Gross Margin % Calculation

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

SAS AB's Gross Margin for the fiscal year that ended in Oct. 2023 is calculated as

Gross Margin % (A: Oct. 2023 )=Gross Profit (A: Oct. 2023 ) / Revenue (A: Oct. 2023 )
=454.9 / 3813.113
=(Revenue - Cost of Goods Sold) / Revenue
=(3813.113 - 3358.184) / 3813.113
=11.93 %

SAS AB's Gross Margin for the quarter that ended in Apr. 2024 is calculated as


Gross Margin % (Q: Apr. 2024 )=Gross Profit (Q: Apr. 2024 ) / Revenue (Q: Apr. 2024 )
=72.2 / 924.019
=(Revenue - Cost of Goods Sold) / Revenue
=(924.019 - 851.81) / 924.019
=7.81 %

* 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.


SAS AB  (OTCPK:SASDQ) 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

SAS AB had a gross margin of 7.81% for the quarter that ended in Apr. 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.


SAS AB Gross Margin % Related Terms

Thank you for viewing the detailed overview of SAS AB's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


SAS AB (SAS AB) Business Description

Address
Frosundaviks Alle 1, Solna, Stockholm, SWE, SE-195 87
SAS AB is a Scandinavian airline that offers transportation to many domestic and international destinations. Its target audience is frequent business and leisure travelers, and the airline attempts to develop services that make travel easier. Loyalty programs coupled with new applications and bundled packages give customers increased access and various options to plan a trip. Passenger traffic throughout Denmark, Norway, and Sweden account for approximately one-third of total revenue, but the airline does have a worldwide reach. Partnerships with other airlines enhance their global destination network and help customers use different airlines at numerous airports.

SAS AB (SAS AB) Headlines

From GuruFocus

SAS presents traffic program for the fall

By PRNewswire PRNewswire 08-23-2021

SAS increases flights from Scandinavia to the United States

By PRNewswire PRNewswire 07-09-2021

SAS opens new routes to Toronto from Copenhagen and Stockholm

By PRNewswire PRNewswire 02-08-2022