Carindale Property Trust (ASX:CDP) Gross Margin %

: 62.67% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Carindale Property Trust's Gross Profit for the six months ended in Dec. 2023 was A$18.04 Mil. Carindale Property Trust's Revenue for the six months ended in Dec. 2023 was A$28.78 Mil. Therefore, Carindale Property Trust's Gross Margin % for the quarter that ended in Dec. 2023 was 62.67%.

The historical rank and industry rank for Carindale Property Trust's Gross Margin % or its related term are showing as below:

ASX:CDP' s Gross Margin % Range Over the Past 10 Years
Min: 61.42 Med: 64.3 Max: 66.34
Current: 63.27

During the past 13 years, the highest Gross Margin % of Carindale Property Trust was 66.34%. The lowest was 61.42%. And the median was 64.30%.

ASX:CDP's Gross Margin % is ranked worse than
63.45% of 632 companies
in the REITs industry
Industry Median: 68.81 vs ASX:CDP: 63.27

Carindale Property Trust had a gross margin of 62.67% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Carindale Property Trust was -0.80% per year.

Carindale Property Trust Gross Margin % Historical Data

The historical data trend for Carindale Property Trust'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.

Carindale Property Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

63.09

63.74

61.79

61.42

63.36

Carindale Property Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %																61.97	60.87	62.80	63.90	62.67

Competitive Comparison

For the REIT - Retail subindustry, Carindale Property Trust'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.

Carindale Property Trust Gross Margin % Distribution

For the REITs industry and Real Estate sector, Carindale Property Trust's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Carindale Property Trust's Gross Margin % falls into.

Carindale Property Trust Gross Margin % Calculation

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

Carindale Property Trust's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	34.8	/	54.897
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(54.897 - 20.117)	/	54.897
	=	63.36 %

Carindale Property Trust's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	18	/	28.779
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(28.779 - 10.744)	/	28.779
	=	62.67 %

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.

Carindale Property Trust (ASX:CDP) 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

Carindale Property Trust had a gross margin of 62.67% for the quarter that ended in Dec. 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.

Carindale Property Trust Gross Margin % Related Terms

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Carindale Property Trust (ASX:CDP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Carindale Property Trust (ASX:CDP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.carindalepropertytrust.com.au

Carindale Property Trust is engaged in the long-term ownership of the interest in the Westfield cardinal shopping center. The company derives revenue from shopping center base rent and other property income.