ANA Holdings (TSE:9202) Gross Margin %

: 23.90% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. ANA Holdings's Gross Profit for the three months ended in Dec. 2023 was 円129,263 Mil. ANA Holdings's Revenue for the three months ended in Dec. 2023 was 円540,852 Mil. Therefore, ANA Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 23.90%.

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

TSE:9202' s Gross Margin % Range Over the Past 10 Years
Min: -37.23 Med: 21.61 Max: 25.33
Current: 21.62

During the past 13 years, the highest Gross Margin % of ANA Holdings was 25.33%. The lowest was -37.23%. And the median was 21.61%.

TSE:9202's Gross Margin % is ranked better than
55.06% of 948 companies
in the Transportation industry
Industry Median: 19.95 vs TSE:9202: 21.62

ANA Holdings had a gross margin of 23.90% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ANA Holdings was 0.00% per year.

ANA Holdings Gross Margin % Historical Data

The historical data trend for ANA Holdings'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.

ANA Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

24.22

19.79

-37.23

-2.85

17.80

ANA Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																24.65	16.58	19.73	25.12	23.90

Competitive Comparison

For the Airlines subindustry, ANA Holdings'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.

ANA Holdings Gross Margin % Distribution

For the Transportation industry and Industrials sector, ANA Holdings's Gross Margin % distribution charts can be found below:

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

ANA Holdings Gross Margin % Calculation

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

ANA Holdings's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	303917	/	1707484
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1707484 - 1403567)	/	1707484
	=	17.80 %

ANA Holdings'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 )
	=	129263	/	540852
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(540852 - 411589)	/	540852
	=	23.90 %

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.

ANA Holdings (TSE:9202) 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

ANA Holdings had a gross margin of 23.90% 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.

ANA Holdings Gross Margin % Related Terms

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ANA Holdings (TSE:9202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANA Holdings Inc (TSE:9202) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ALNPY:USA ANCA:Germany

Address

Shiodome-City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7140

Website

http://www.ana.co.jp

ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.

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