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Emira Property Fund (JSE:EMI) Gross Margin % : 52.53% (As of Sep. 2024)


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What is Emira Property Fund Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Emira Property Fund's Gross Profit for the six months ended in Sep. 2024 was R488 Mil. Emira Property Fund's Revenue for the six months ended in Sep. 2024 was R929 Mil. Therefore, Emira Property Fund's Gross Margin % for the quarter that ended in Sep. 2024 was 52.53%.

Warning Sign:

Emira Property Fund Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.7%.


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

JSE:EMI' s Gross Margin % Range Over the Past 10 Years
Min: 52.59   Med: 60.91   Max: 67.89
Current: 52.67


During the past 13 years, the highest Gross Margin % of Emira Property Fund was 67.89%. The lowest was 52.59%. And the median was 60.91%.

JSE:EMI's Gross Margin % is ranked worse than
81.62% of 691 companies
in the REITs industry
Industry Median: 68.94 vs JSE:EMI: 52.67

Emira Property Fund had a gross margin of 52.53% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Emira Property Fund was -3.70% per year.


Emira Property Fund Gross Margin % Historical Data

The historical data trend for Emira 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.

Emira Property Fund Gross Margin % Chart

Emira Property Fund Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Mar24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.97 54.07 55.16 52.59 53.17

Emira Property Fund Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Sep23 Mar24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.68 53.28 53.53 52.81 52.53

Competitive Comparison of Emira Property Fund's Gross Margin %

For the REIT - Diversified subindustry, Emira 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.


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

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

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


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Emira Property Fund Gross Margin % Calculation

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

Emira Property Fund's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=1006.6 / 1893.272
=(Revenue - Cost of Goods Sold) / Revenue
=(1893.272 - 886.684) / 1893.272
=53.17 %

Emira Property Fund's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=487.8 / 928.599
=(Revenue - Cost of Goods Sold) / Revenue
=(928.599 - 440.775) / 928.599
=52.53 %

* 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.


Emira Property Fund  (JSE:EMI) 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

Emira Property Fund had a gross margin of 52.53% for the quarter that ended in Sep. 2024 => 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.


Emira Property Fund Gross Margin % Related Terms

Thank you for viewing the detailed overview of Emira Property Fund's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Emira Property Fund Business Description

Traded in Other Exchanges
N/A
Address
33 Sloane Street, 1st Floor, Block A, Knightsbridge Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. Most of the properties are in Gauteng, with the others in Western Cape and KwaZulu-Natal. The company operates through five segments namely: Office; Retail; Industrial; Residential and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property and the corporate segment comprises the South African administration activities of the Group.

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