Adecco Group AG (XSWX:ADEN) Gross Margin %

: 20.18% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Adecco Group AG's Gross Profit for the three months ended in Dec. 2023 was CHF1,163 Mil. Adecco Group AG's Revenue for the three months ended in Dec. 2023 was CHF5,761 Mil. Therefore, Adecco Group AG's Gross Margin % for the quarter that ended in Dec. 2023 was 20.18%.

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

XSWX:ADEN' s Gross Margin % Range Over the Past 10 Years
Min: 18.37 Med: 19.11 Max: 21.04
Current: 20.75

During the past 13 years, the highest Gross Margin % of Adecco Group AG was 21.04%. The lowest was 18.37%. And the median was 19.11%.

XSWX:ADEN's Gross Margin % is ranked worse than
75.55% of 994 companies
in the Business Services industry
Industry Median: 34.85 vs XSWX:ADEN: 20.75

Adecco Group AG had a gross margin of 20.18% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Adecco Group AG was 2.50% per year.

Adecco Group AG Gross Margin % Historical Data

The historical data trend for Adecco Group 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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Adecco Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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19.23

19.37

20.44

21.04

20.74

Adecco Group AG 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															20.96	21.28	20.67	20.85	20.18

Competitive Comparison

For the Staffing & Employment Services subindustry, Adecco Group 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.

Adecco Group AG Gross Margin % Distribution

For the Business Services industry and Industrials sector, Adecco Group AG's Gross Margin % distribution charts can be found below:

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

Adecco Group AG Gross Margin % Calculation

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

Adecco Group AG'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 )
	=	4686.1	/	22593.254
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(22593.254 - 17907.113)	/	22593.254
	=	20.74 %

Adecco Group AG'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 )
	=	1162.8	/	5761.247
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5761.247 - 4598.435)	/	5761.247
	=	20.18 %

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.

Adecco Group AG (XSWX:ADEN) 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

Adecco Group AG had a gross margin of 20.18% 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.

Adecco Group AG Gross Margin % Related Terms

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Adecco Group AG (XSWX:ADEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adecco Group AG (XSWX:ADEN) » Definitions » Gross Margin %

Comparable Companies

SLNG PED NGS EPSN SGU RSRV SND EPM RNGR SOI ADP PAYX XAMS:RAND RHI BZ TNET NSP MAN KFY TSE:2181

Traded in Other Exchanges

AHEXY:USA ADENz:UK ADIA:Germany

Address

Bellerivestrasse 30, Zurich, CHE, CH-8008

Website

https://www.adeccogroup.com

Adecco Group AG is a provider of human capital solutions including Flexible placement, Permanent placement, Career Transition, Outsourcing, Consulting Services in engineering, Digital and IT, Talent services, Training, Up/ Re-skilling and Other services. It is organised into three business units Adecco, Akkodis and LHH. The company provides services to businesses and organisations located throughout Europe, North America, Asia Pacific, South America, and North Africa.

Adecco Group AG (XSWX:ADEN) Headlines

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