Texton Property Fund (JSE:TEX) Gross-Profit-to-Asset % : 4.88% (As of Dec. 2023)

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What is Texton Property Fund Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Texton Property Fund's annualized Gross Profit for the quarter that ended in Dec. 2023 was R149.8 Mil. Texton Property Fund's average Total Assets over the quarter that ended in Dec. 2023 was R3,068.5 Mil. Therefore, Texton Property Fund's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 4.88%.

Texton Property Fund Gross-Profit-to-Asset % Historical Data

The historical data trend for Texton Property Fund's Gross-Profit-to-Asset % 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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Texton Property Fund Gross-Profit-to-Asset % Chart

Texton Property Fund Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

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7.51

7.93

7.02

5.54

5.78

Texton Property Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															5.48	5.75	5.83	6.01	4.88

Competitive Comparison of Texton Property Fund's Gross-Profit-to-Asset %

For the REIT - Office subindustry, Texton Property Fund's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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.

Texton Property Fund's Gross-Profit-to-Asset % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Texton Property Fund's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Texton Property Fund's Gross-Profit-to-Asset % falls into.

Texton Property Fund Gross-Profit-to-Asset % Calculation

Texton Property Fund's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	189.386	/	( (3410.149	+	3141.916)	/ 2 )
	=	189.386	/	3276.0325
	=	5.78 %

Texton Property Fund's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	149.81	/	( (3141.916	+	2995.11)	/ 2 )
	=	149.81	/	3068.513
	=	4.88 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is two times the semi-annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Texton Property Fund Gross-Profit-to-Asset % Related Terms

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Texton Property Fund (JSE:TEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Texton Property Fund Ltd (JSE:TEX) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Katherine Street, Block D, Vunani Office Park, Sandton, Johannesburg, GT, ZAF, 2031

Website

https://www.texton.co.za

Texton Property Fund Ltd is a property investment fund. It invests directly in income-producing office properties that offer attractive income and capital appreciation. The overall objective of the fund is to grow its asset base, by investing in well priced, income and quality enhancing investment properties, to optimize returns over time for shareholders. It holds an interest in properties such as Alrode industrial park, Babcock House, Bawtry 270, Belvedere place, Bonmarche and Poundland, Bryanston gate office park, and many others. The Group has three reportable segments: SA direct property, UK direct property, and international investments. Direct property investments are split into office, retail and industrial.