Washington H Soul Pattinson (ASX:SOL) Gross Margin %

: 35.02% (As of Jan. 2024)

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Gross Margin % is calculated as gross profit divided by its revenue. Washington H Soul Pattinson's Gross Profit for the six months ended in Jan. 2024 was A$87.9 Mil. Washington H Soul Pattinson's Revenue for the six months ended in Jan. 2024 was A$250.9 Mil. Therefore, Washington H Soul Pattinson's Gross Margin % for the quarter that ended in Jan. 2024 was 35.02%.

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

ASX:SOL' s Gross Margin % Range Over the Past 10 Years
Min: 22.48 Med: 36.31 Max: 60.59
Current: 35.31

During the past 13 years, the highest Gross Margin % of Washington H Soul Pattinson was 60.59%. The lowest was 22.48%. And the median was 36.31%.

ASX:SOL's Gross Margin % is ranked worse than
61.26% of 604 companies
in the Capital Markets industry
Industry Median: 49.43 vs ASX:SOL: 35.31

Washington H Soul Pattinson had a gross margin of 35.02% for the quarter that ended in Jan. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Washington H Soul Pattinson was 0.70% per year.

Washington H Soul Pattinson Gross Margin % Historical Data

The historical data trend for Washington H Soul Pattinson'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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Washington H Soul Pattinson Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Gross Margin %

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37.48

22.48

37.70

60.59

35.14

Washington H Soul Pattinson 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															51.96	68.14	34.50	35.66	35.02

Competitive Comparison

For the Capital Markets subindustry, Washington H Soul Pattinson'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.

Washington H Soul Pattinson Gross Margin % Distribution

For the Capital Markets industry and Financial Services sector, Washington H Soul Pattinson's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Washington H Soul Pattinson's Gross Margin % falls into.

Washington H Soul Pattinson Gross Margin % Calculation

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

Washington H Soul Pattinson's Gross Margin for the fiscal year that ended in Jul. 2023 is calculated as

Gross Margin % (A: Jul. 2023 )	=	Gross Profit (A: Jul. 2023 )	/	Revenue (A: Jul. 2023 )
	=	126.9	/	360.993
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(360.993 - 234.124)	/	360.993
	=	35.14 %

Washington H Soul Pattinson'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 )
	=	87.9	/	250.93
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(250.93 - 163.051)	/	250.93
	=	35.02 %

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.

Washington H Soul Pattinson (ASX:SOL) 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

Washington H Soul Pattinson had a gross margin of 35.02% for the quarter that ended in Jan. 2024 => Competition eroding margins

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.

Washington H Soul Pattinson Gross Margin % Related Terms

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Washington H Soul Pattinson (ASX:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Washington H Soul Pattinson & Co Ltd (ASX:SOL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

WD3:Germany

Address

151 Clarence Street, Level 14, Sydney, NSW, AUS, 2000

Website

https://www.whsp.com.au

Washington H. Soul Pattinson, or Soul Patts, is a value-oriented investment house which invests in both public and private markets. As an investor, Soul Patts allocates capital with a view to taking a long-term position in its investments and on a passive basis. Long-term holdings in the group's three largest investments—TPG Telecom, Brickworks and New Hope Corporation—contribute more than half of the group's circa AUD 11 billion investment net asset value. A cross-shareholding between Soul Patts and Brickworks was established in the 1960s.