Liberty Formula One Group (Liberty Formula One Group) Gross Margin %

: 26.83% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Liberty Formula One Group's Gross Profit for the three months ended in Dec. 2023 was $330 Mil. Liberty Formula One Group's Revenue for the three months ended in Dec. 2023 was $1,230 Mil. Therefore, Liberty Formula One Group's Gross Margin % for the quarter that ended in Dec. 2023 was 26.83%.

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

FWONK' s Gross Margin % Range Over the Past 10 Years
Min: 14.93 Med: 30.48 Max: 36.85
Current: 36.85

During the past 13 years, the highest Gross Margin % of Liberty Formula One Group was 36.85%. The lowest was 14.93%. And the median was 30.48%.

FWONK's Gross Margin % is ranked worse than
52.76% of 961 companies
in the Media - Diversified industry
Industry Median: 38.81 vs FWONK: 36.85

Liberty Formula One Group had a gross margin of 26.83% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Liberty Formula One Group was 2.40% per year.

Liberty Formula One Group Gross Margin % Historical Data

The historical data trend for Liberty Formula One Group'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.

Liberty Formula One Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

31.06

14.93

30.29

31.99

30.48

Liberty Formula One Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																30.11	48.04	28.31	30.67	26.83

Competitive Comparison

For the Entertainment subindustry, Liberty Formula One Group'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.

Liberty Formula One Group Gross Margin % Distribution

For the Media - Diversified industry and Communication Services sector, Liberty Formula One Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Liberty Formula One Group's Gross Margin % falls into.

Liberty Formula One Group Gross Margin % Calculation

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

Liberty Formula One Group'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 )
	=	982	/	3222
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3222 - 2240)	/	3222
	=	30.48 %

Liberty Formula One Group'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 )
	=	330	/	1230
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1230 - 900)	/	1230
	=	26.83 %

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.

Liberty Formula One Group (NAS:FWONK) 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

Liberty Formula One Group had a gross margin of 26.83% for the quarter that ended in Dec. 2023 => 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.

Liberty Formula One Group Gross Margin % Related Terms

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Liberty Formula One Group (Liberty Formula One Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Liberty Formula One Group (NAS:FWONK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

FWONB:USA FWONA:USA LM0F:Germany

Address

12300 Liberty Boulevard, Englewood, CO, USA, 80112

Website

http://www.libertymedia.com

Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.

Executives

Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Berkshire Hathaway Inc	10 percent owner	3555 FARNAM STREET, OMAHA NE 68131
R. Ted Weschler,	other: Member of 10% owner group	404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE VA 22902
Warren E Buffett	10 percent owner	3555 FARNAM ST, STE 1440, OMAHA NE 68131
Derek Chang	director	C/O CHARTER COMMUNICATIONS INC, 12405 POWERCOURT DR, ST LOUIS MO 63131
Renee L Wilm	officer: Chief Legal Officer	12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Brian J Wendling	officer: SVP/Controller/PFO	12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Trango Ii, L.l.c.	10 percent owner	610 WEST 5TH STREET, SUITE 600, AUSTIN TX 78701
Ancient Art, L.p.	10 percent owner	500 WEST 5TH STREET, SUITE 1110, AUSTIN TX 78701
Quincy J Lee	10 percent owner	425 SOLEDAD SUITE 500, SAN ANTONIO TX 78205
Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Mark D Carleton	officer: Chief Financial Officer	12300 LIBERTY BLVD., ENGLEWOOD CO 80112