How profitable is ASOS?

In the financial year 2023, the British online fashion retailer generated a gross profit of approximately 1.5 billion British pounds .

What is the operating margin for ASOS?

Current and historical operating margin for ASOS PLS (ASOMY) over the last 10 years. The current operating profit margin for ASOS PLS as of August 31, 2023 is 0.00% . ASOS Plc is an online fashion destination.

Is ASOS popular in us?

A global player based in the UK Since 2014, sales have more than quadrupled in the United States , projecting ASOS beyond European borders. ASOS's increasing revenues and acknowledged commitment to ethical matters was likely a contributing factor to its higher brand value.

What is the net worth of ASOS?

Net assets on the balance sheet as of August 2023 : $1.10 B According to ASOS's latest financial reports the company has $1.10 B in net assets.

How does ASOS generate revenue?

ASOS generates revenue through product sales of its private label items . Additionally, the company charges vendors a monthly rental fee for using its website and earns transaction revenue by claiming a 20% commission on sales made through their platform.

Why has ASOS been so successful?

The Secret to Success At this point, you may be wondering how ASOS has managed to maintain such a momentum for such a long time. Well, the brand achieves its success by focusing on the basics and being really very good at them . A visit to the ASOS webstore will inform you of this the moment you land.

Does operating margin mean profit?

What Is Operating Margin? The operating margin measures how much profit a company makes on a dollar of sales after paying for variable costs of production, such as wages and raw materials, but before paying interest or tax. It is calculated by dividing a company's operating income by its net sales.

Which operating margin is considered most profitable?

A general rule of thumb is that a good operating profit margin sits between 10–20% , meaning the business has a profit of 20 cents on each dollar of revenue after operating costs have been deducted. However, this can vary from industry to industry.

What is Nike's operating margin?

Operating Margin as of March 2024 (TTM): 14.23% According to Nike's latest financial reports and stock price the company's current Operating Margin is 14.23%. At the end of 2022 the company had an Operating Margin of 14.24%.

Who is ASOS biggest competitor?

According to Similarweb data of monthly visits, asos.com's top competitor in February 2024 is zara.com with 77.7M visits. asos.com 2nd most similar site is urbanoutfitters.com, with 12.2M visits in February 2024, and closing off the top 3 is next.co.uk with 30.1M.

Who is ASOS owned by?

ASOS is a public company, with Danish billionaire Anders Holch Povlsen holding a stake of just over 26 per cent in the British online retailer. That makes him the biggest single shareholder of ASOS.

Who is ASOS target audience?

One company that has been particularly adept at digital marketing is ASOS – a London-based clothing company that sells multiple apparel lines that targets customers in the 16-30 age range . ASOS has no brick and mortar retail stores, and they depend on e-commerce for all of their business.

What company owns ASOS?

The Danish company Bestseller A/S , owned by the business magnate Anders Holch Povlsen, is ASOS's largest stakeholder, with a 26% share.

What is the competitive advantage of ASOS?

Opportunities for competitive advantage exist for ASOS through the on-site experience which enables its customers to navigate through and discover the latest offerings as well as recreate their looks . Additionally, strategic and sparing price reductions present opportunities for ASOS.

ASOS operating profit 2022 | Statista (2024)

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Operating profit of ASOS worldwide from financial year 2012 to 2022 (in million GBP) Statistics on " ASOS " Other statistics that may interest you ASOS Statistics Topics FAQs

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Published by

Stephanie Chevalier,

May 5, 2023

In the year ending August 31, 2022, the British fashion retailer ASOS reported an operating loss of 9.8 million British pounds, significantly down from the previous year when operating profit amounted to 190.1 million British pounds.