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Tosei Reit Investment (TSE:3451) Gross Margin % : 55.58% (As of Oct. 2023)


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What is Tosei Reit Investment Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tosei Reit Investment's Gross Profit for the six months ended in Oct. 2023 was 円1,957 Mil. Tosei Reit Investment's Revenue for the six months ended in Oct. 2023 was 円3,522 Mil. Therefore, Tosei Reit Investment's Gross Margin % for the quarter that ended in Oct. 2023 was 55.58%.

Warning Sign:

Tosei Reit Investment Corp gross margin has been in long-term decline. The average rate of decline per year is -1.2%.


The historical rank and industry rank for Tosei Reit Investment's Gross Margin % or its related term are showing as below:

TSE:3451' s Gross Margin % Range Over the Past 10 Years
Min: 55.51   Med: 57.98   Max: 60.45
Current: 55.51


During the past 9 years, the highest Gross Margin % of Tosei Reit Investment was 60.45%. The lowest was 55.51%. And the median was 57.98%.

TSE:3451's Gross Margin % is ranked worse than
78.29% of 631 companies
in the REITs industry
Industry Median: 68.98 vs TSE:3451: 55.51

Tosei Reit Investment had a gross margin of 55.58% for the quarter that ended in Oct. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tosei Reit Investment was -1.20% per year.


Tosei Reit Investment Gross Margin % Historical Data

The historical data trend for Tosei Reit Investment'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.

Tosei Reit Investment Gross Margin % Chart

Tosei Reit Investment Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only 60.45 58.51 58.14 56.45 55.51

Tosei Reit Investment Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 57.39 56.97 55.95 55.43 55.58

Competitive Comparison of Tosei Reit Investment's Gross Margin %

For the REIT - Diversified subindustry, Tosei Reit Investment'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.


Tosei Reit Investment's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tosei Reit Investment's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tosei Reit Investment's Gross Margin % falls into.



Tosei Reit Investment Gross Margin % Calculation

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

Tosei Reit Investment's Gross Margin for the fiscal year that ended in Oct. 2023 is calculated as

Gross Margin % (A: Oct. 2023 )=Gross Profit (A: Oct. 2023 ) / Revenue (A: Oct. 2023 )
=3887.5 / 7003.759
=(Revenue - Cost of Goods Sold) / Revenue
=(7003.759 - 3116.269) / 7003.759
=55.51 %

Tosei Reit Investment's Gross Margin for the quarter that ended in Oct. 2023 is calculated as


Gross Margin % (Q: Oct. 2023 )=Gross Profit (Q: Oct. 2023 ) / Revenue (Q: Oct. 2023 )
=1957.3 / 3521.604
=(Revenue - Cost of Goods Sold) / Revenue
=(3521.604 - 1564.287) / 3521.604
=55.58 %

* 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.


Tosei Reit Investment  (TSE:3451) 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

Tosei Reit Investment had a gross margin of 55.58% for the quarter that ended in Oct. 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.


Tosei Reit Investment Gross Margin % Related Terms

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


Tosei Reit Investment (TSE:3451) Business Description

Traded in Other Exchanges
N/A
Address
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo, JPN
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.

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