Lendlease Group's gross profit for the
six
months ended in Dec. 2023 was A$343 Mil. Lendlease Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$638 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Lendlease Group's gross profit for the
six
months ended in Dec. 2023 was A$343 Mil. Lendlease Group's Revenue for the
six
months ended in Dec. 2023 was A$4,844 Mil. Therefore, Lendlease Group's Gross Margin % for the quarter that ended in Dec. 2023 was 7.08%.
Lendlease Group had a gross margin of 7.08% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Lendlease Group was 15.61%. The lowest was 2.66%. And the median was 8.22%.
Warning Sign:
Lendlease Group gross margin has been in long-term decline. The average rate of decline per year is -1.8%.
Lendlease Group Gross Profit Historical Data
The historical data trend for Lendlease Group's Gross Profit 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.
Competitive Comparison of Lendlease Group's Gross Profit
For the Real Estate - Diversified subindustry, Lendlease Group's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Lendlease Group's Gross Profit Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Lendlease Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Lendlease Group's Gross Profit falls into.
Lendlease Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Lendlease Group's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$638 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Lendlease Group (ASX:LLC) Gross Profit 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
Lendlease Group had a gross margin of 7.08% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Lendlease Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Lendlease Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Lendlease's business comprises three segments: development, investments, and construction. Development accounted for more than half of EBITDA in 2020, and the future pipeline is so large it cannot be funded from its own balance sheet. The group is selling stakes in mature projects to its funds management clients. This sacrifices development profit, in return for management fees, reduced risk, and capital to accelerate new projects in the pipeline. Construction generates large revenues but slim margins. This business is retained to preserve expertise and scale for the development business. Lendlease sold its engineering and services business during the pandemic, but retains some risks, notably the Melbourne Metro project. It is also reducing its exposure to retirement living.
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