PT PP Properti Tbk (ISX:PPRO) Gross Margin % : 14.93% (As of Mar. 2024)

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What is PT PP Properti Tbk Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. PT PP Properti Tbk's Gross Profit for the three months ended in Mar. 2024 was Rp14,280 Mil. PT PP Properti Tbk's Revenue for the three months ended in Mar. 2024 was Rp95,667 Mil. Therefore, PT PP Properti Tbk's Gross Margin % for the quarter that ended in Mar. 2024 was 14.93%.

Warning Sign:

PT PP Properti Tbk gross margin has been in long-term decline. The average rate of decline per year is -24.2%.

The historical rank and industry rank for PT PP Properti Tbk's Gross Margin % or its related term are showing as below:

ISX:PPRO' s Gross Margin % Range Over the Past 10 Years
Min: 3.26 Med: 23.55 Max: 31.85
Current: 3.26

During the past 11 years, the highest Gross Margin % of PT PP Properti Tbk was 31.85%. The lowest was 3.26%. And the median was 23.55%.

ISX:PPRO's Gross Margin % is ranked worse than
94.29% of 1647 companies
in the Real Estate industry
Industry Median: 36.68 vs ISX:PPRO: 3.26

PT PP Properti Tbk had a gross margin of 14.93% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for PT PP Properti Tbk was -24.20% per year.

PT PP Properti Tbk Gross Margin % Historical Data

The historical data trend for PT PP Properti Tbk'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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PT PP Properti Tbk Gross Margin % Chart

PT PP Properti Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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27.16

18.61

11.18

14.30

5.40

PT PP Properti Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															17.94	8.02	9.86	0.04	14.93

Competitive Comparison of PT PP Properti Tbk's Gross Margin %

For the Real Estate - Development subindustry, PT PP Properti Tbk'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.

PT PP Properti Tbk's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT PP Properti Tbk's Gross Margin % distribution charts can be found below:

* The bar in red indicates where PT PP Properti Tbk's Gross Margin % falls into.

PT PP Properti Tbk Gross Margin % Calculation

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

PT PP Properti Tbk'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 )
	=	53091.8	/	983511.393
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(983511.393 - 930419.545)	/	983511.393
	=	5.40 %

PT PP Properti Tbk's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	14279.6	/	95667.092
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(95667.092 - 81387.476)	/	95667.092
	=	14.93 %

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.

PT PP Properti Tbk (ISX:PPRO) 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

PT PP Properti Tbk had a gross margin of 14.93% for the quarter that ended in Mar. 2024 => No sustainable 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.

PT PP Properti Tbk Gross Margin % Related Terms

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PT PP Properti Tbk (ISX:PPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT PP Properti Tbk (ISX:PPRO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Letjend. TB. Simatupang No. 57, Plaza PP, 7th Floor, Pasar Rebo, Jakarta Timur, Jakarta, IDN, 13760

Website

https://www.pp-properti.com

PP Properti TBK is an Indonesian property development company that specializes in developing residential, mall/entertainment, and hotel properties. PT PP Persero Tbk is the majority shareholder in PP Properti TBK and is PP Properti TBK's parent company with almost 65% of shares held. The Government of the Republic of Indonesia holds 51% of PT PP Persero TBK; therefore, it is the ultimate owner of PP Properti TBK.

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