Premiere Island Power REIT (PHS:PREIT) Gross Margin % : 86.28% (As of Mar. 2024)

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What is Premiere Island Power REIT Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Premiere Island Power REIT's Gross Profit for the three months ended in Mar. 2024 was ₱131.3 Mil. Premiere Island Power REIT's Revenue for the three months ended in Mar. 2024 was ₱152.2 Mil. Therefore, Premiere Island Power REIT's Gross Margin % for the quarter that ended in Mar. 2024 was 86.28%.

The historical rank and industry rank for Premiere Island Power REIT's Gross Margin % or its related term are showing as below:

PHS:PREIT' s Gross Margin % Range Over the Past 10 Years
Min: 86.12 Med: 87.57 Max: 89.01
Current: 88.48

During the past 3 years, the highest Gross Margin % of Premiere Island Power REIT was 89.01%. The lowest was 86.12%. And the median was 87.57%.

PHS:PREIT's Gross Margin % is ranked better than
84.07% of 634 companies
in the REITs industry
Industry Median: 68.145 vs PHS:PREIT: 88.48

Premiere Island Power REIT had a gross margin of 86.28% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Premiere Island Power REIT was 0.00% per year.

Premiere Island Power REIT Gross Margin % Historical Data

The historical data trend for Premiere Island Power REIT'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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Premiere Island Power REIT Gross Margin % Chart

Premiere Island Power REIT Annual Data

Trend

Dec21

Dec22

Dec23

Gross Margin %

86.12

89.01

Premiere Island Power REIT Quarterly Data
	Dec21	May22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial				88.54	88.54	88.05	90.55	86.28

Competitive Comparison of Premiere Island Power REIT's Gross Margin %

For the REIT - Specialty subindustry, Premiere Island Power REIT'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.

Premiere Island Power REIT's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Premiere Island Power REIT's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Premiere Island Power REIT's Gross Margin % falls into.

Premiere Island Power REIT Gross Margin % Calculation

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

Premiere Island Power REIT'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 )
	=	573.1	/	643.814
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(643.814 - 70.763)	/	643.814
	=	89.01 %

Premiere Island Power REIT'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 )
	=	131.3	/	152.212
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(152.212 - 20.879)	/	152.212
	=	86.28 %

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.

Premiere Island Power REIT (PHS:PREIT) 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

Premiere Island Power REIT had a gross margin of 86.28% for the quarter that ended in Mar. 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.

Premiere Island Power REIT Gross Margin % Related Terms

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Premiere Island Power REIT (PHS:PREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Premiere Island Power REIT Corp (PHS:PREIT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

CV Starr Avenue, 4th Floor Starmall IT Hub, Pamplona Dos, Philamlife Village, Las Piñas, PHL, 1747

Website

https://www.preit.com.ph

Premiere Island Power REIT Corp operates as a real estate investment trust, holding assets that operate in the power generation industry. It is formed primarily to own and invest in income-generating assets that meet the company's investment criteria. The REIT has determined that it operates as one operating segment. The REIT's only income-generating activity is the lease of its land, right-of-use asset, buildings and generation asset. The REIT derives its rental income from SIPCOR and CAMPCOR.

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