METRO AG (WBO:MEO) Gross Margin % : 15.93% (As of Sep. 2023)

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What is METRO AG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. METRO AG's Gross Profit for the three months ended in Sep. 2023 was €1,259 Mil. METRO AG's Revenue for the three months ended in Sep. 2023 was €7,904 Mil. Therefore, METRO AG's Gross Margin % for the quarter that ended in Sep. 2023 was 15.93%.

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

WBO:MEO' s Gross Margin % Range Over the Past 10 Years
Min: 15.98 Med: 17.06 Max: 19.12
Current: 15.98

During the past 11 years, the highest Gross Margin % of METRO AG was 19.12%. The lowest was 15.98%. And the median was 17.06%.

WBO:MEO's Gross Margin % is ranked worse than
72.82% of 309 companies
in the Retail - Defensive industry
Industry Median: 22.82 vs WBO:MEO: 15.98

METRO AG had a gross margin of 15.93% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for METRO AG was -0.80% per year.

METRO AG Gross Margin % Historical Data

The historical data trend for METRO AG'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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METRO AG Gross Margin % Chart

METRO AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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17.05

17.01

17.06

16.94

15.98

METRO AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															16.28	16.95	14.79	16.10	15.93

Competitive Comparison of METRO AG's Gross Margin %

For the Food Distribution subindustry, METRO AG'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.

METRO AG's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, METRO AG's Gross Margin % distribution charts can be found below:

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

METRO AG Gross Margin % Calculation

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

METRO AG's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	4883	/	30551
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(30551 - 25668)	/	30551
	=	15.98 %

METRO AG's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1259	/	7904
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7904 - 6645)	/	7904
	=	15.93 %

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.

METRO AG (WBO:MEO) 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

METRO AG had a gross margin of 15.93% for the quarter that ended in Sep. 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.

METRO AG Gross Margin % Related Terms

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METRO AG (WBO:MEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » METRO AG (WBO:MEO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

0RTE:UK B4B:Germany

Address

Metro-Strasse 1, Dusseldorf, NW, DEU, 40235

Website

https://www.metroag.de

METRO AG operates as a food service company. It is active in the self-service wholesale trade with the brands METRO and MAKRO as well as in the delivery sales with the METRO delivery service, and the supply specialists Classic Fine Foods, Pro a Pro, and Rungis Express. Its business consists of segments which include METRO Germany, METRO Western Europe, METRO Russia, METRO Eastern Europe, and others. The other segment includes Hospitality Digital, the business unit that bundles the group's digitalization initiatives. It also includes service companies that provide group-wide services in the areas of real estate, logistics, information technology, advertising, and procurement.

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