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Hankyu Hanshin REIT (TSE:8977) Gross Margin % : 51.33% (As of May. 2023)


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What is Hankyu Hanshin REIT Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hankyu Hanshin REIT's Gross Profit for the six months ended in May. 2023 was 円2,989 Mil. Hankyu Hanshin REIT's Revenue for the six months ended in May. 2023 was 円5,823 Mil. Therefore, Hankyu Hanshin REIT's Gross Margin % for the quarter that ended in May. 2023 was 51.33%.


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

TSE:8977' s Gross Margin % Range Over the Past 10 Years
Min: 31.83   Med: 51.24   Max: 53.11
Current: 51.91


During the past 13 years, the highest Gross Margin % of Hankyu Hanshin REIT was 53.11%. The lowest was 31.83%. And the median was 51.24%.

TSE:8977's Gross Margin % is ranked worse than
83.15% of 629 companies
in the REITs industry
Industry Median: 68.8 vs TSE:8977: 51.91

Hankyu Hanshin REIT had a gross margin of 51.33% for the quarter that ended in May. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hankyu Hanshin REIT was -0.40% per year.


Hankyu Hanshin REIT Gross Margin % Historical Data

The historical data trend for Hankyu Hanshin 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.

* Premium members only.

Hankyu Hanshin REIT Gross Margin % Chart

Hankyu Hanshin REIT Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.11 52.12 51.40 51.07 52.39

Hankyu Hanshin REIT Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23
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 52.15 50.00 52.28 52.50 51.33

Competitive Comparison of Hankyu Hanshin REIT's Gross Margin %

For the REIT - Diversified subindustry, Hankyu Hanshin 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.


Hankyu Hanshin REIT's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Hankyu Hanshin REIT's Gross Margin % falls into.



Hankyu Hanshin REIT Gross Margin % Calculation

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

Hankyu Hanshin REIT's Gross Margin for the fiscal year that ended in Nov. 2022 is calculated as

Gross Margin % (A: Nov. 2022 )=Gross Profit (A: Nov. 2022 ) / Revenue (A: Nov. 2022 )
=5960.4 / 11376.612
=(Revenue - Cost of Goods Sold) / Revenue
=(11376.612 - 5416.172) / 11376.612
=52.39 %

Hankyu Hanshin REIT's Gross Margin for the quarter that ended in May. 2023 is calculated as


Gross Margin % (Q: May. 2023 )=Gross Profit (Q: May. 2023 ) / Revenue (Q: May. 2023 )
=2989.1 / 5823.337
=(Revenue - Cost of Goods Sold) / Revenue
=(5823.337 - 2834.243) / 5823.337
=51.33 %

* 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.


Hankyu Hanshin REIT  (TSE:8977) 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

Hankyu Hanshin REIT had a gross margin of 51.33% for the quarter that ended in May. 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.


Hankyu Hanshin REIT Gross Margin % Related Terms

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Hankyu Hanshin REIT (TSE:8977) Business Description

Traded in Other Exchanges
N/A
Address
19-19, Chayamachi, Kita-ku, Osaka, JPN, 530-0013
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.

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