IGM Financial (FRA:C7G) Gross Margin %

: -75.96% (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. IGM Financial's Gross Profit for the three months ended in Dec. 2023 was €-413 Mil. IGM Financial's Revenue for the three months ended in Dec. 2023 was €543 Mil. Therefore, IGM Financial's Gross Margin % for the quarter that ended in Dec. 2023 was -75.96%.

Warning Sign:

IGM Financial Inc gross margin has been in long-term decline. The average rate of decline per year is -10.6%.

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

FRA:C7G' s Gross Margin % Range Over the Past 10 Years
Min: 48.57 Med: 63.26 Max: 91.11
Current: 48.65

During the past 13 years, the highest Gross Margin % of IGM Financial was 91.11%. The lowest was 48.57%. And the median was 63.26%.

FRA:C7G's Gross Margin % is ranked worse than
52.16% of 533 companies
in the Asset Management industry
Industry Median: 50.37 vs FRA:C7G: 48.65

IGM Financial had a gross margin of -75.96% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for IGM Financial was -10.60% per year.

IGM Financial Gross Margin % Historical Data

The historical data trend for IGM Financial'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.

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

91.11

91.01

48.57

48.66

48.65

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-75.39	89.85	90.06	90.30	-75.96

Competitive Comparison

For the Asset Management subindustry, IGM Financial'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.

IGM Financial Gross Margin % Distribution

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

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

IGM Financial Gross Margin % Calculation

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

IGM Financial'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 )
	=	1059.6	/	2177.921
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2177.921 - 1118.282)	/	2177.921
	=	48.65 %

IGM Financial's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-412.7	/	543.312
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(543.312 - 956.019)	/	543.312
	=	-75.96 %

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.

IGM Financial (FRA:C7G) 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

IGM Financial had a gross margin of -75.96% for the quarter that ended in Dec. 2023 => 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.

IGM Financial Gross Margin % Related Terms

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

IGM Financial (FRA:C7G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (FRA:C7G) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

IGIFF:USA IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (FRA:C7G) Headlines

No Headlines