WealthNavi (TSE:7342) Gross Margin % : 99.45% (As of Dec. 2023)

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What is WealthNavi Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. WealthNavi's Gross Profit for the three months ended in Dec. 2023 was 円2,262 Mil. WealthNavi's Revenue for the three months ended in Dec. 2023 was 円2,274 Mil. Therefore, WealthNavi's Gross Margin % for the quarter that ended in Dec. 2023 was 99.45%.

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

TSE:7342' s Gross Margin % Range Over the Past 10 Years
Min: 97.56 Med: 99.24 Max: 99.52
Current: 99.43

During the past 6 years, the highest Gross Margin % of WealthNavi was 99.52%. The lowest was 97.56%. And the median was 99.24%.

TSE:7342's Gross Margin % is ranked better than
93.85% of 537 companies
in the Asset Management industry
Industry Median: 51.39 vs TSE:7342: 99.43

WealthNavi had a gross margin of 99.45% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for WealthNavi was 0.30% per year.

WealthNavi Gross Margin % Historical Data

The historical data trend for WealthNavi'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.

WealthNavi Gross Margin % Chart

WealthNavi Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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98.74

99.14

99.52

99.33

99.43

WealthNavi Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial											99.42	99.39	99.42	99.46	99.45

Competitive Comparison of WealthNavi's Gross Margin %

For the Asset Management subindustry, WealthNavi'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.

WealthNavi's Gross Margin % Distribution in the Asset Management Industry

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

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

WealthNavi Gross Margin % Calculation

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

WealthNavi'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 )
	=	8121.5	/	8167.921
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8167.921 - 46.467000000001)	/	8167.921
	=	99.43 %

WealthNavi'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 )
	=	2261.8	/	2274.196
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2274.196 - 12.422)	/	2274.196
	=	99.45 %

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.

WealthNavi (TSE:7342) 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

WealthNavi had a gross margin of 99.45% for the quarter that ended in Dec. 2023 => 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.

WealthNavi Gross Margin % Related Terms

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WealthNavi (TSE:7342) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WealthNavi Inc (TSE:7342) » Definitions » Gross Margin %

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WNAVF:USA

Address

2-22-3 Shibuya, Shibuya East Exit Building, 9th Floor, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://www.wealthnavi.com

WealthNavi Inc provides asset management services. The company provides long-term, funded, diversified asset management services like automatic construction of an optimal portfolio, automatic ordering, automatic reserve, automatic rebalancing, and automatic tax optimization. The activities of the group are carried out through WealthNavi platform.

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