UNITE Group (LSE:UTG) Gross Margin % : 62.11% (As of Dec. 2023)

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What is UNITE Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. UNITE Group's Gross Profit for the six months ended in Dec. 2023 was £69.0 Mil. UNITE Group's Revenue for the six months ended in Dec. 2023 was £111.1 Mil. Therefore, UNITE Group's Gross Margin % for the quarter that ended in Dec. 2023 was 62.11%.

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

LSE:UTG' s Gross Margin % Range Over the Past 10 Years
Min: 44.97 Med: 69.52 Max: 79.45
Current: 70.37

During the past 13 years, the highest Gross Margin % of UNITE Group was 79.45%. The lowest was 44.97%. And the median was 69.52%.

LSE:UTG's Gross Margin % is ranked better than
52.55% of 628 companies
in the REITs industry
Industry Median: 68.93 vs LSE:UTG: 70.37

UNITE Group had a gross margin of 62.11% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for UNITE Group was -0.60% per year.

UNITE Group Gross Margin % Historical Data

The historical data trend for UNITE Group'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.

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UNITE Group Gross Margin % Chart

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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79.45

75.28

75.87

70.91

70.37

UNITE Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															73.16	74.93	65.68	76.57	62.11

Competitive Comparison of UNITE Group's Gross Margin %

For the REIT - Diversified subindustry, UNITE Group'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.

UNITE Group's Gross Margin % Distribution in the REITs Industry

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

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

UNITE Group Gross Margin % Calculation

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

UNITE Group'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 )
	=	182.4	/	259.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(259.2 - 76.8)	/	259.2
	=	70.37 %

UNITE Group'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 )
	=	69	/	111.1
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(111.1 - 42.1)	/	111.1
	=	62.11 %

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.

UNITE Group (LSE:UTG) 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

UNITE Group had a gross margin of 62.11% for the quarter that ended in Dec. 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.

UNITE Group Gross Margin % Related Terms

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UNITE Group (LSE:UTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (LSE:UTG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

UTGPF:USA UTGl:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.