Safestore Holdings (LSE:SAFE) Gross Profit : £154.3 Mil (TTM As of Oct. 2023)

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What is Safestore Holdings Gross Profit?

Safestore Holdings's gross profit for the six months ended in Oct. 2023 was £78.7 Mil. Safestore Holdings's gross profit for the trailing twelve months (TTM) ended in Oct. 2023 was £154.3 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Safestore Holdings's gross profit for the six months ended in Oct. 2023 was £78.7 Mil. Safestore Holdings's Revenue for the six months ended in Oct. 2023 was £114.1 Mil. Therefore, Safestore Holdings's Gross Margin % for the quarter that ended in Oct. 2023 was 68.97%.

Safestore Holdings had a gross margin of 68.97% for the quarter that ended in Oct. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Safestore Holdings was 70.35%. The lowest was 63.45%. And the median was 65.07%.

Safestore Holdings Gross Profit Historical Data

The historical data trend for Safestore Holdings'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.

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Safestore Holdings Gross Profit Chart

Safestore Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Gross Profit

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98.00

106.00

129.90

149.50

154.30

Safestore Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Gross Profit	Get a 7-Day Free Trial															69.50	71.90	77.60	75.60	78.70

Competitive Comparison of Safestore Holdings's Gross Profit

For the REIT - Industrial subindustry, Safestore Holdings'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.

Safestore Holdings's Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Safestore Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Safestore Holdings's Gross Profit falls into.

Safestore Holdings Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Safestore Holdings's Gross Profit for the fiscal year that ended in Oct. 2023 is calculated as

Gross Profit (A: Oct. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	224.2	-	69.9
	=	154.3

Safestore Holdings's Gross Profit for the quarter that ended in Oct. 2023 is calculated as

Gross Profit (Q: Oct. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	114.1	-	35.4
	=	78.7

Gross Profit for the trailing twelve months (TTM) ended in Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £154.3 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Safestore Holdings'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	78.7	/	114.1
	=	68.97 %

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.

Safestore Holdings (LSE:SAFE) 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

Safestore Holdings had a gross margin of 68.97% for the quarter that ended in Oct. 2023 => Durable competitive advantage

Safestore Holdings Gross Profit Related Terms

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Safestore Holdings (LSE:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Safestore Holdings PLC (LSE:SAFE) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

SFSHF:USA SAFEl:UK IHF:Germany

Address

Brittanic House, Stirling Way, Borehamwood, Hertfordshire, GBR, WD6 2BT

Website

https://www.safestore.co.uk

Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on the acquisition and operation of storage locations in wealthy, densely populated areas in Europe. Safestore's properties in the United Kingdom comprise the vast majority of its total holdings. The company derives the majority of its revenue from the rental of its self-storage lockers and the remaining from the sale of insurance and packaging materials. Southeast England and London account for the majority of Safestore's income. Total occupancy is split fairly evenly between individuals and businesses ranging from online retailers to large, multinational companies.