Elanor Commercial Property Fund (ASX:ECF) Gross Margin % : 93.77% (As of Dec. 2023)

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What is Elanor Commercial Property Fund Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Elanor Commercial Property Fund's Gross Profit for the six months ended in Dec. 2023 was A$24.25 Mil. Elanor Commercial Property Fund's Revenue for the six months ended in Dec. 2023 was A$25.86 Mil. Therefore, Elanor Commercial Property Fund's Gross Margin % for the quarter that ended in Dec. 2023 was 93.77%.

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

ASX:ECF' s Gross Margin % Range Over the Past 10 Years
Min: 92.38 Med: 93.1 Max: 93.68
Current: 93.68

During the past 5 years, the highest Gross Margin % of Elanor Commercial Property Fund was 93.68%. The lowest was 92.38%. And the median was 93.10%.

ASX:ECF's Gross Margin % is ranked better than
95.95% of 1653 companies
in the Real Estate industry
Industry Median: 36.78 vs ASX:ECF: 93.68

Elanor Commercial Property Fund had a gross margin of 93.77% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Elanor Commercial Property Fund was 0.00% per year.

Elanor Commercial Property Fund Gross Margin % Historical Data

The historical data trend for Elanor Commercial Property Fund'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.

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Elanor Commercial Property Fund Gross Margin % Chart

Elanor Commercial Property Fund Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

92.38

93.60

92.93

93.27

Elanor Commercial Property Fund Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial				92.73	93.10	92.93	93.59	93.77

Competitive Comparison of Elanor Commercial Property Fund's Gross Margin %

For the Real Estate Services subindustry, Elanor Commercial Property Fund'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.

Elanor Commercial Property Fund's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Elanor Commercial Property Fund's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Elanor Commercial Property Fund's Gross Margin % falls into.

Elanor Commercial Property Fund Gross Margin % Calculation

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

Elanor Commercial Property Fund'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 )
	=	47.2	/	50.563
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(50.563 - 3.405)	/	50.563
	=	93.27 %

Elanor Commercial Property Fund'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 )
	=	24.3	/	25.864
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(25.864 - 1.611)	/	25.864
	=	93.77 %

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.

Elanor Commercial Property Fund (ASX:ECF) 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

Elanor Commercial Property Fund had a gross margin of 93.77% 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.

Elanor Commercial Property Fund Gross Margin % Related Terms

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Elanor Commercial Property Fund (ASX:ECF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Elanor Commercial Property Fund (ASX:ECF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

259 George Street, Level 38, Sydney, NSW, AUS, 2000

Website

https://www.elanorinvestors.com

Elanor Commercial Property Fund is engaged in the Australian real estate investment and funds management business. The key investment sector focuses are the commercial real estate, retail real estate and the hotels, tourism and leisure sectors. The only operating business segment, being the investment in commercial properties in Australia. The company derives maximum revenue generated from a diversified portfolio of Government, Multinational and ASX listed tenants.