The historical rank and industry rank for 5Banc Split's Gross Margin % or its related term are showing as below:
TSX:FBS.PR.C.PFD'
s Gross Margin % Range Over the Past 10 Years
Min: 100 Med: 100 Max: 100
Current: 100
During the past 13 years, the highestGross Margin % of 5Banc Split was 100.00%. The lowest was 100.00%. And the median was 100.00%.
TSX:FBS.PR.C.PFD's Gross Margin % is not ranked
in the Asset Management industry.
Industry Median: 51.55
vs TSX:FBS.PR.C.PFD: 100.00
5Banc Split had a gross margin of N/A% for the quarter that ended in Jun. 2016 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for 5Banc Split was 0.00% per year.
5Banc Split Gross Margin % Historical Data
The historical data trend for 5Banc Split'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.
Competitive Comparison of 5Banc Split's Gross Margin %
For the Asset Management subindustry, 5Banc Split'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.
5Banc Split's Gross Margin % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, 5Banc Split's Gross Margin % distribution charts can be found below:
* The bar in red indicates where 5Banc Split's Gross Margin % falls into.
* 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.
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.
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
5Banc Split had a gross margin of N/A% for the quarter that ended in Jun. 2016 => 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.
5Banc Split Gross Margin % Related Terms
Thank you for viewing the detailed overview of 5Banc Split's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
5Banc Split (TSX:FBS.PR.C.PFD) Business Description
5Banc Split, Inc. operates as a closed-end mutual fund in Canada. It invests in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and toronto-Dominion Bank. The Company holds the Portfolio Shares in order to generate fixed cumulative preferential dividends for the holders of the Company's Preferred Shares. Holders of the Capital Shares will also receive, subject to the prior rights of Preferred Shareholders, excess dividends, if any, after payment of the expenses of the Company and dividends on the Preferred Shares. The Company also provides holders of the Capital Shares with a leveraged investment, the value of which is linked to the changes in the fair value of the Portfolio Shares. The holders of Capital Shares benefit from capital appreciation in the Portfolio Shares in excess of the value of the Preferred Shares, any accrued and unpaid distributions on the Preferred Shares, and accrued and unpaid expenses. The Company only trades the Portfolio Shares in limited circumstances as described in the Company's original prospectus.
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