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Castleview Property Fund (JSE:CVW) Gross Margin % : 55.88% (As of Sep. 2023)


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What is Castleview Property Fund Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Castleview Property Fund's Gross Profit for the six months ended in Sep. 2023 was R581 Mil. Castleview Property Fund's Revenue for the six months ended in Sep. 2023 was R1,040 Mil. Therefore, Castleview Property Fund's Gross Margin % for the quarter that ended in Sep. 2023 was 55.88%.


The historical rank and industry rank for Castleview Property Fund's Gross Margin % or its related term are showing as below:

JSE:CVW' s Gross Margin % Range Over the Past 10 Years
Min: 60.13   Med: 60.13   Max: 78.03
Current: 78.03


During the past 5 years, the highest Gross Margin % of Castleview Property Fund was 78.03%. The lowest was 60.13%. And the median was 60.13%.

JSE:CVW's Gross Margin % is not ranked
in the REITs industry.
Industry Median: 68.145 vs JSE:CVW: 78.03

Castleview Property Fund had a gross margin of 55.88% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Castleview Property Fund was 0.00% per year.


Castleview Property Fund Gross Margin % Historical Data

The historical data trend for Castleview Property Fund'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.

Castleview Property Fund Gross Margin % Chart

Castleview Property Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22
Gross Margin %
- - - - 60.13

Castleview Property Fund Semi-Annual Data
Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Sep23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - 55.88

Competitive Comparison of Castleview Property Fund's Gross Margin %

For the REIT - Retail subindustry, Castleview Property Fund'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.


Castleview Property Fund's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Castleview Property Fund's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Castleview Property Fund's Gross Margin % falls into.



Castleview Property Fund Gross Margin % Calculation

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

Castleview Property Fund's Gross Margin for the fiscal year that ended in Feb. 2022 is calculated as

Gross Margin % (A: Feb. 2022 )=Gross Profit (A: Feb. 2022 ) / Revenue (A: Feb. 2022 )
=34.6 / 57.619
=(Revenue - Cost of Goods Sold) / Revenue
=(57.619 - 22.974) / 57.619
=60.13 %

Castleview Property Fund'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 )
=581.2 / 1040.135
=(Revenue - Cost of Goods Sold) / Revenue
=(1040.135 - 458.948) / 1040.135
=55.88 %

* 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.


Castleview Property Fund  (JSE:CVW) 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

Castleview Property Fund had a gross margin of 55.88% 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.


Castleview Property Fund Gross Margin % Related Terms

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Castleview Property Fund (JSE:CVW) Business Description

Traded in Other Exchanges
N/A
Address
13 Hudson Street, De Waterkant, Woodstock, Cape Town, WC, ZAF, 8001
Castleview Property Fund Ltd is a property holding and investment company in South Africa. Principally, it invests in a diversified portfolio of retail properties situated in South Africa. The company also invests in regional shopping centers like Pier 14 Shopping Centre located in the Eastern Cape.

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