Vukile Property Fund (JSE:VKE) Gross Margin % : 67.10% (As of Sep. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Vukile Property Fund Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Vukile Property Fund's Gross Profit for the six months ended in Sep. 2023 was R1,344 Mil. Vukile Property Fund's Revenue for the six months ended in Sep. 2023 was R2,003 Mil. Therefore, Vukile Property Fund's Gross Margin % for the quarter that ended in Sep. 2023 was 67.10%.

The historical rank and industry rank for Vukile Property Fund's Gross Margin % or its related term are showing as below:

JSE:VKE' s Gross Margin % Range Over the Past 10 Years
Min: 60.18 Med: 64.72 Max: 67.75
Current: 65.78

During the past 13 years, the highest Gross Margin % of Vukile Property Fund was 67.75%. The lowest was 60.18%. And the median was 64.72%.

JSE:VKE's Gross Margin % is ranked worse than
57.17% of 628 companies
in the REITs industry
Industry Median: 68.93 vs JSE:VKE: 65.78

Vukile Property Fund had a gross margin of 67.10% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vukile Property Fund was -0.60% per year.

Vukile Property Fund Gross Margin % Historical Data

The historical data trend for Vukile Property Fund'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.

Vukile Property Fund Gross Margin % Chart

Vukile Property Fund Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

Get a 7-Day Free Trial

67.13

67.75

60.56

64.37

65.25

Vukile Property Fund Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															65.34	63.39	66.16	64.33	67.10

Competitive Comparison of Vukile Property Fund's Gross Margin %

For the REIT - Retail subindustry, Vukile Property Fund'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.

Vukile Property Fund's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vukile Property Fund's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Vukile Property Fund's Gross Margin % falls into.

Vukile Property Fund Gross Margin % Calculation

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

Vukile Property Fund's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	2383	/	3652
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3652 - 1269)	/	3652
	=	65.25 %

Vukile Property Fund's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1344	/	2003
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2003 - 659)	/	2003
	=	67.10 %

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.

Vukile Property Fund (JSE:VKE) 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

Vukile Property Fund had a gross margin of 67.10% for the quarter that ended in Sep. 2023 => Durable 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.

Vukile Property Fund Gross Margin % Related Terms

Thank you for viewing the detailed overview of Vukile Property Fund's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Vukile Property Fund (JSE:VKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vukile Property Fund Ltd (JSE:VKE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

VKN:Namibia

Address

11 9th Street, 4th Floor, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.vukile.co.za

Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue primarily from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also significant portfolio constituents. The majority of the company's tenants are large, listed national companies and major franchises, with the remainder comprising government and midsize to large professional firms.

Vukile Property Fund (JSE:VKE) Headlines

No Headlines