Azzas 2154 (BSP:AZZA3) Selling, General, & Admin. Expense: R$5,471 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:AZZA3 Azzas 2154 SA BSP:AZZA3
76 GF Score
Price R$15.77
GF Value R$39.09
Valuation Possible Value Trap
! 8 Warning Signs
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What is Azzas 2154 Selling, General, & Admin. Expense?

Azzas 2154 BSP:AZZA3 -4.02% 76 Selling, General, & Admin. Expense is R$5,471 Mil as of Jun. 2026. GuruFocus rates BSP:AZZA3 with a GF Score™ of 76/100 and a GF Value™ of R$39.09 (Possible Value Trap). The stock has 8 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Azzas 2154's selling, general, & admin. expense for the three months ended in Jun. 2026 was R$1,349 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was R$5,471 Mil.


Azzas 2154  (BSP:AZZA3) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Azzas 2154 Selling, General, & Admin. Expense Related Terms


Azzas 2154 Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Azzas 2154's Selling, General, & Admin. Expense 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.

Azzas 2154 Selling, General, & Admin. Expense Chart

Azzas 2154 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,200.63 1,819.61 2,109.20 3,908.54 5,425.11

Azzas 2154 Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,268.07 1,360.35 1,560.00 1,201.70 1,349.09

BSP:AZZA3 vs NKE, DECK, ONON: Selling, General, & Admin. Expense Comparison

For the Footwear & Accessories subindustry, Azzas 2154's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Azzas 2154 Selling, General, & Admin. Expense vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azzas 2154's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Azzas 2154's Selling, General, & Admin. Expense falls into.


BSP:AZZA3
76GF Score
Azzas 2154 SA BSP:AZZA3
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Azzas 2154 Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$5,471 Mil.

* 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.

What does a Selling, General, & Admin. Expense of R$5,471 Mil mean?
Azzas 2154 (BSP:AZZA3) has a Selling, General, & Admin. Expense of R$5,471 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Azzas 2154 and its competitors.
Is Azzas 2154's Selling, General, & Admin. Expense too high?
Azzas 2154's current Selling, General, & Admin. Expense is R$5,471 Mil. Overall, Azzas 2154 has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Azzas 2154's Selling, General, & Admin. Expense compare to NKE and DECK?
Azzas 2154's Selling, General, & Admin. Expense of R$5,471 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Manufacturing - Apparel & Accessories company?
A good Selling, General, & Admin. Expense depends on the Manufacturing - Apparel & Accessories industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Azzas 2154 and its competitors. Azzas 2154's current Selling, General, & Admin. Expense is R$5,471 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azzas 2154 stock overvalued right now?
Based on GuruFocus' analysis, Azzas 2154 (BSP:AZZA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$39.09, compared to a current price of R$15.77 — trading 59.7% below its estimated fair value. The current Selling, General, & Admin. Expense is R$5,471 Mil. Azzas 2154's overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Azzas 2154 (BSP:AZZA3), the current Selling, General, & Admin. Expense is R$5,471 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Azzas 2154 (BSP:AZZA3) Overvalued in 2026?

Based on GuruFocus' analysis, Azzas 2154 stock appears to be undervalued. The current stock price of R$15.77 is trading 59.7% below its estimated GF Value™ of R$39.09. GuruFocus considers Azzas 2154 to be Possible Value Trap.

Key valuation signals for BSP:AZZA3:

  • Selling, General, & Admin. Expense: R$5,471 Mil
  • GF Value™: R$39.09 vs. price of R$15.77 (59.7% below fair value)
  • GF Score™: 76/100 with 8 warning signs

No single metric tells the full story. See the BSP:AZZA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Azzas 2154 Business Description

Address Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 130, Belo Horizonte, MG, BRA, 30112000
Azzas 2154 SA, along with its subsidiaries, is engaged in the manufacturing, development, modeling and retail and wholesale trade of footwear, handbags, accessories and clothing for the women's, men's and democratic markets, particularly the women's market. The company also operates an online sales channel that makes available products of the brands Arezzo, Schutz, Anacapri, Alexandre Birman, Vans, Vicenza, Farm Rio, Animale, NV, Cris Barros, Maria Filó, Carol Bassi, Fábula, Off Premium, Reserva, Oficina, Foxton, Reserva Mini, Reserva Go, Reserva Ink, Hering, Hering Kids, Hering Sports, Hering Shoes and Hering Intimates. The majority of the company's revenue is derived from the sales of its products.
76GF Score

Get the complete analysis for BSP:AZZA3

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$15.77
Price
R$39.09
GF Value