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.
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.
Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. AUR Portfolio III SE&Co KGaA's selling, general, & admin. expense for the
six
months ended in Dec. 2022 was €116 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2022 was €228 Mil.
AUR Portfolio III SE&Co KGaA (HAM:AR4) 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.
AUR Portfolio III SE&Co KGaA Selling, General, & Admin. Expense Related Terms
AUR Portfolio III SE&Co KGaA Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for AUR Portfolio III SE&Co KGaA'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.
AUR Portfolio III SE&Co KGaA Selling, General, & Admin. Expense Chart
HAM:AR4 vs BLK, BX, KKR: Selling, General, & Admin. Expense Comparison
For the Asset Management subindustry, AUR Portfolio III SE&Co KGaA'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.
AUR Portfolio III SE&Co KGaA Selling, General, & Admin. Expense vs Asset Management Industry
For the Asset Management industry and Financial Services sector, AUR Portfolio III SE&Co KGaA's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where AUR Portfolio III SE&Co KGaA's Selling, General, & Admin. Expense falls into.
AUR Portfolio III SE&Co KGaA 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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €228 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 €228 Mil mean?
AUR Portfolio III SE&Co KGaA (HAM:AR4) has a Selling, General, & Admin. Expense of €228 Mil as of Dec. 2022. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on AUR Portfolio III SE&Co KGaA and its competitors.
Is AUR Portfolio III SE&Co KGaA's Selling, General, & Admin. Expense too high?
AUR Portfolio III SE&Co KGaA's current Selling, General, & Admin. Expense is €228 Mil. Overall, AUR Portfolio III SE&Co KGaA has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does AUR Portfolio III SE&Co KGaA's Selling, General, & Admin. Expense compare to BLK and BX?
AUR Portfolio III SE&Co KGaA's Selling, General, & Admin. Expense of €228 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Selling, General, & Admin. Expense depends on the Asset Management 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 AUR Portfolio III SE&Co KGaA and its competitors. AUR Portfolio III SE&Co KGaA's current Selling, General, & Admin. Expense is €228 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AUR Portfolio III SE&Co KGaA stock overvalued right now?
AUR Portfolio III SE&Co KGaA (HAM:AR4) has a current Selling, General, & Admin. Expense of €228 Mil. The current Selling, General, & Admin. Expense is €228 Mil. AUR Portfolio III SE&Co KGaA's overall GF Score™ is 10/100. 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 AUR Portfolio III SE&Co KGaA (HAM:AR4), the current Selling, General, & Admin. Expense is €228 Mil as of Dec. 2022. 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.
AUR Portfolio III SE&Co KGaA is the investment vehicle for the Lower Mid-Market portfolio. Its core element is the operational support for portfolio companies.
10GF Score
Get the complete analysis for HAM:AR4
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:AR4 has been successfully added to your 
