BWP Trust (ASX:BWP) Gross Profit : A$134.7 Mil (TTM As of Dec. 2023)

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What is BWP Trust Gross Profit?

BWP Trust's gross profit for the six months ended in Dec. 2023 was A$73.4 Mil. BWP Trust's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$134.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. BWP Trust's gross profit for the six months ended in Dec. 2023 was A$73.4 Mil. BWP Trust's Revenue for the six months ended in Dec. 2023 was A$82.1 Mil. Therefore, BWP Trust's Gross Margin % for the quarter that ended in Dec. 2023 was 89.32%.

BWP Trust had a gross margin of 89.32% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of BWP Trust was 92.34%. The lowest was 82.87%. And the median was 87.74%.

Warning Sign:

BWP Trust gross margin has been in long-term decline. The average rate of decline per year is -1.2%.

BWP Trust Gross Profit Historical Data

The historical data trend for BWP Trust's Gross Profit 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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BWP Trust Gross Profit Chart

BWP Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Profit

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135.82

133.36

129.67

129.34

130.87

BWP 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 Profit	Get a 7-Day Free Trial															68.24	61.10	69.58	61.29	73.37

Competitive Comparison of BWP Trust's Gross Profit

For the REIT - Industrial subindustry, BWP Trust's Gross Profit, along with its competitors' market caps and Gross Profit 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.

BWP Trust's Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BWP Trust's Gross Profit distribution charts can be found below:

* The bar in red indicates where BWP Trust's Gross Profit falls into.

BWP Trust Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

BWP Trust's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	157.916	-	27.05
	=	130.9

BWP Trust's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	82.138	-	8.773
	=	73.4

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$134.7 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

BWP 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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	73.4	/	82.138
	=	89.32 %

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.

BWP Trust (ASX:BWP) Gross Profit 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

BWP Trust had a gross margin of 89.32% for the quarter that ended in Dec. 2023 => Durable competitive advantage

BWP Trust Gross Profit Related Terms

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BWP Trust (ASX:BWP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BWP Trust (ASX:BWP) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000

Website

https://www.bwptrust.com.au

BWP Trust is an Australian REIT focused on owing warehouse/bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns are diversified across most Australian states and are on long-term leases to Australia's dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers. Wesfarmers is a wide-moat, top 10 ASX-listed company by market capitalisation. BWP Trust is also externally managed by a wholly owned subsidiary of Wesfarmers and Wesfarmers also owns 24% of the units in the trust.