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Argo Properties NV (XTAE:ARGO) Gross Margin % : 62.43% (As of Sep. 2023)


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What is Argo Properties NV Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Argo Properties NV's Gross Profit for the three months ended in Sep. 2023 was ₪18.4 Mil. Argo Properties NV's Revenue for the three months ended in Sep. 2023 was ₪29.5 Mil. Therefore, Argo Properties NV's Gross Margin % for the quarter that ended in Sep. 2023 was 62.43%.


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

XTAE:ARGO' s Gross Margin % Range Over the Past 10 Years
Min: 58.78   Med: 62.37   Max: 62.9
Current: 58.87


During the past 4 years, the highest Gross Margin % of Argo Properties NV was 62.90%. The lowest was 58.78%. And the median was 62.37%.

XTAE:ARGO's Gross Margin % is ranked better than
71.44% of 1656 companies
in the Real Estate industry
Industry Median: 36.36 vs XTAE:ARGO: 58.87

Argo Properties NV had a gross margin of 62.43% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Argo Properties NV was 0.00% per year.


Argo Properties NV Gross Margin % Historical Data

The historical data trend for Argo Properties NV'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.

Argo Properties NV Gross Margin % Chart

Argo Properties NV Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Gross Margin %
62.90 62.50 62.23 58.78

Argo Properties NV Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 60.58 60.72 49.90 63.27 62.43

Competitive Comparison of Argo Properties NV's Gross Margin %

For the Real Estate Services subindustry, Argo Properties NV'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.


Argo Properties NV's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Argo Properties NV's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Argo Properties NV's Gross Margin % falls into.



Argo Properties NV Gross Margin % Calculation

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

Argo Properties NV's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=52.2 / 88.744
=(Revenue - Cost of Goods Sold) / Revenue
=(88.744 - 36.584) / 88.744
=58.78 %

Argo Properties NV'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 )
=18.4 / 29.472
=(Revenue - Cost of Goods Sold) / Revenue
=(29.472 - 11.074) / 29.472
=62.43 %

* 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.


Argo Properties NV  (XTAE:ARGO) 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

Argo Properties NV had a gross margin of 62.43% 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.


Argo Properties NV Gross Margin % Related Terms

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Argo Properties NV (XTAE:ARGO) Business Description

Traded in Other Exchanges
N/A
Address
Karl-Liebknecht-Strasse 2a, Leipzig, SN, DEU, 04107
Argo Properties NV is a foreign company engaged in the purchase, management, and rental of residential and office buildings in Germany. The company's segment includes Income generating residential real estate and Income generating real estate for development. It generates maximum revenue from the Income generating residential real estate segment.

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