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IGB Commercial REIT (XKLS:5299) Gross Margin % : 51.04% (As of Sep. 2024)


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What is IGB Commercial REIT Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. IGB Commercial REIT's Gross Profit for the three months ended in Sep. 2024 was RM29.4 Mil. IGB Commercial REIT's Revenue for the three months ended in Sep. 2024 was RM57.6 Mil. Therefore, IGB Commercial REIT's Gross Margin % for the quarter that ended in Sep. 2024 was 51.04%.


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

XKLS:5299' s Gross Margin % Range Over the Past 10 Years
Min: 65.86   Med: 68.55   Max: 70.65
Current: 67


During the past 6 years, the highest Gross Margin % of IGB Commercial REIT was 70.65%. The lowest was 65.86%. And the median was 68.55%.

XKLS:5299's Gross Margin % is ranked worse than
54.28% of 689 companies
in the REITs industry
Industry Median: 68.9 vs XKLS:5299: 67.00

IGB Commercial REIT had a gross margin of 51.04% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for IGB Commercial REIT was 0.00% per year.


IGB Commercial REIT Gross Margin % Historical Data

The historical data trend for IGB Commercial 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.

IGB Commercial REIT Gross Margin % Chart

IGB Commercial REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 68.55 69.27 - 65.86 67.70

IGB Commercial REIT Quarterly Data
Dec18 Dec19 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 51.55 110.94 53.44 52.59 51.04

Competitive Comparison of IGB Commercial REIT's Gross Margin %

For the REIT - Office subindustry, IGB Commercial 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.


IGB Commercial REIT's Gross Margin % Distribution in the REITs Industry

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

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



IGB Commercial REIT Gross Margin % Calculation

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

IGB Commercial 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 )
=145.6 / 215.147
=(Revenue - Cost of Goods Sold) / Revenue
=(215.147 - 69.5) / 215.147
=67.70 %

IGB Commercial REIT'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 )
=29.4 / 57.551
=(Revenue - Cost of Goods Sold) / Revenue
=(57.551 - 28.175) / 57.551
=51.04 %

* 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.


IGB Commercial REIT  (XKLS:5299) 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

IGB Commercial REIT had a gross margin of 51.04% 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.


IGB Commercial REIT Gross Margin % Related Terms

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IGB Commercial REIT Business Description

Traded in Other Exchanges
N/A
Address
Lingkaran Syed Putra, Level 32, The Gardens South Tower, Mid Valley City, Kuala Lumpur, SGR, MYS, 59200
IGB Commercial REIT is established with the investment strategy of principally investing, directly and indirectly, in commercial assets and real estate-related assets in Malaysia and overseas. The company's initial portfolio consists of several commercial buildings strategically located in the Klang Valley. These properties have a total net lettable area (NLA) of approximately 3.48 million square feet.

IGB Commercial REIT Headlines

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