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CapitaLand Ascott Trust (SGX:HMN) Gross Margin % : 46.25% (As of Dec. 2023)


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What is CapitaLand Ascott Trust Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CapitaLand Ascott Trust's Gross Profit for the six months ended in Dec. 2023 was S$183.9 Mil. CapitaLand Ascott Trust's Revenue for the six months ended in Dec. 2023 was S$397.6 Mil. Therefore, CapitaLand Ascott Trust's Gross Margin % for the quarter that ended in Dec. 2023 was 46.25%.


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

SGX:HMN' s Gross Margin % Range Over the Past 10 Years
Min: 40.45   Med: 46.13   Max: 50.44
Current: 45.43


During the past 13 years, the highest Gross Margin % of CapitaLand Ascott Trust was 50.44%. The lowest was 40.45%. And the median was 46.13%.

SGX:HMN's Gross Margin % is ranked worse than
88.06% of 628 companies
in the REITs industry
Industry Median: 68.93 vs SGX:HMN: 45.43

CapitaLand Ascott Trust had a gross margin of 46.25% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CapitaLand Ascott Trust was -0.80% per year.


CapitaLand Ascott Trust Gross Margin % Historical Data

The historical data trend for CapitaLand Ascott Trust'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.

CapitaLand Ascott Trust Gross Margin % Chart

CapitaLand Ascott Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.05 40.45 43.94 45.52 45.43

CapitaLand Ascott Trust 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.56 44.20 46.52 44.49 46.25

Competitive Comparison of CapitaLand Ascott Trust's Gross Margin %

For the REIT - Diversified subindustry, CapitaLand Ascott Trust'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.


CapitaLand Ascott Trust's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Ascott Trust's Gross Margin % falls into.



CapitaLand Ascott Trust Gross Margin % Calculation

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

CapitaLand Ascott Trust'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 )
=338.2 / 744.558
=(Revenue - Cost of Goods Sold) / Revenue
=(744.558 - 406.309) / 744.558
=45.43 %

CapitaLand Ascott Trust'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 )
=183.9 / 397.629
=(Revenue - Cost of Goods Sold) / Revenue
=(397.629 - 213.737) / 397.629
=46.25 %

* 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.


CapitaLand Ascott Trust  (SGX:HMN) 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

CapitaLand Ascott Trust had a gross margin of 46.25% 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.


CapitaLand Ascott Trust Gross Margin % Related Terms

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


CapitaLand Ascott Trust (SGX:HMN) Business Description

Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01, Capital Tower, Singapore, SGP, 068912
CapitaLand Ascott Trust, or CLAS, is a hospitality trust focusing on serviced residences, hotels, rental housing and student accommodation. As of Dec. 31, 2022, the trust has a SGD 8.0 billion portfolio, consisting of 105 properties with more than 18,000 units in 47 cities across 15 countries globally. Its main markets include the United States, France, Japan, Singapore, the United Kingdom, Vietnam, China and Australia. The trust is a stapled unit comprising CapitaLand Ascott REIT, which is managed by manager CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust, which is managed by trustee-manager CapitaLand Ascott Business Trust Management Pte. Ltd. Sponsor CapitaLand Investments Limited, owns around a 39% stake in CLAS.