Asahi Group Holdings (Asahi Group Holdings) Gross Margin % : 35.02% (As of Dec. 2023)

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What is Asahi Group Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Asahi Group Holdings's Gross Profit for the three months ended in Dec. 2023 was $1,814 Mil. Asahi Group Holdings's Revenue for the three months ended in Dec. 2023 was $5,182 Mil. Therefore, Asahi Group Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 35.02%.

Warning Sign:

Asahi Group Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.1%.

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

ASBRF' s Gross Margin % Range Over the Past 10 Years
Min: 34.72 Med: 37.3 Max: 39.88
Current: 36.07

During the past 13 years, the highest Gross Margin % of Asahi Group Holdings was 39.88%. The lowest was 34.72%. And the median was 37.30%.

ASBRF's Gross Margin % is ranked worse than
59.42% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 38.78 vs ASBRF: 36.07

Asahi Group Holdings had a gross margin of 35.02% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Asahi Group Holdings was -1.10% per year.

Asahi Group Holdings Gross Margin % Historical Data

The historical data trend for Asahi Group 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.

Asahi Group Holdings Gross Margin % Chart

Asahi Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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37.90

36.72

38.14

36.71

36.07

Asahi Group 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 %	Get a 7-Day Free Trial															36.52	34.57	36.68	37.64	35.02

Competitive Comparison of Asahi Group Holdings's Gross Margin %

For the Beverages - Brewers subindustry, Asahi Group 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.

Asahi Group Holdings's Gross Margin % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Gross Margin % distribution charts can be found below:

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

Asahi Group Holdings Gross Margin % Calculation

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

Asahi Group Holdings'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 )
	=	6937.9	/	19232.269
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(19232.269 - 12294.343)	/	19232.269
	=	36.07 %

Asahi Group 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 )
	=	1814.5	/	5181.825
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5181.825 - 3367.328)	/	5181.825
	=	35.02 %

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.

Asahi Group Holdings (OTCPK:ASBRF) 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

Asahi Group Holdings had a gross margin of 35.02% 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.

Asahi Group Holdings Gross Margin % Related Terms

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Asahi Group Holdings (Asahi Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Asahi Group Holdings Ltd (OTCPK:ASBRF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

2502:Japan ABW:Germany

Address

1-23-1, Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602

Website

http://www.asahigroup-holdings.com

Asahi is a leading brewer in Japan with an estimated 36.5% market share by volume in Japan's beer and beer-like market, led by its Asahi Super Dry beer brand. It also operates a wide range of acholic and soft beverage products as well as packaged foods, mainly in Japan. It has made inroads into Europe through acquisitions of SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017. The acquisition of Carlton United Breweries has granted Asahi the leading market share in Australia's beer market with Great Northern the leading brand. East Asia including China and Southeast Asia are the other overseas markets where Asahi is growing. Overseas business represents nearly half of the group sales and 60% of business profits.