Saga (SGPLF) Gross Margin % : 58.80% (As of Jan. 2024)

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What is Saga Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Saga's Gross Profit for the six months ended in Jan. 2024 was $286.2 Mil. Saga's Revenue for the six months ended in Jan. 2024 was $486.7 Mil. Therefore, Saga's Gross Margin % for the quarter that ended in Jan. 2024 was 58.80%.

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

SGPLF' s Gross Margin % Range Over the Past 10 Years
Min: 41.69 Med: 51.94 Max: 70.32
Current: 59.37

During the past 13 years, the highest Gross Margin % of Saga was 70.32%. The lowest was 41.69%. And the median was 51.94%.

SGPLF's Gross Margin % is ranked better than
74.07% of 54 companies
in the Insurance industry
Industry Median: 42.4 vs SGPLF: 59.37

Saga had a gross margin of 58.80% for the quarter that ended in Jan. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Saga was 4.20% per year.

Saga Gross Margin % Historical Data

The historical data trend for Saga'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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Saga Gross Margin % Chart

Saga Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Gross Margin %

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46.58

70.32

62.01

62.56

59.37

Saga Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Gross Margin %	Get a 7-Day Free Trial															57.11	63.10	62.06	59.98	58.80

Competitive Comparison of Saga's Gross Margin %

For the Insurance - Diversified subindustry, Saga'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.

Saga's Gross Margin % Distribution in the Insurance Industry

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

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

Saga Gross Margin % Calculation

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

Saga's Gross Margin for the fiscal year that ended in Jan. 2024 is calculated as

Gross Margin % (A: Jan. 2024 )	=	Gross Profit (A: Jan. 2024 )	/	Revenue (A: Jan. 2024 )
	=	559.1	/	941.677
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(941.677 - 382.592)	/	941.677
	=	59.37 %

Saga's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	286.2	/	486.658
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(486.658 - 200.508)	/	486.658
	=	58.80 %

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.

Saga (OTCPK:SGPLF) 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

Saga had a gross margin of 58.80% for the quarter that ended in Jan. 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.

Saga Gross Margin % Related Terms

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Saga (SGPLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Saga PLC (OTCPK:SGPLF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SAGAl:UK SAGA:UK 65J:Germany

Address

3 Pancras Square, London, GBR, N1C 4AG

Website

https://www.saga.co.uk

Saga PLC is a diversified insurance company that also offers lifestyle products and services. The company operates in two main segments: insurance, Cruise and travel. The company generates the vast majority of its revenue from the insurance segment, specifically through premiums and credit income. This segment offers retail motor broking, retail home broking, and underwriting products and services. The travel segment provides group tours, holiday packages, and cruises. Saga's customers are people aged 50 and older, and all revenue comes from the United Kingdom and also from Cruise and travel segment.