Capital Properties (Capital Properties) Gross Margin % : 84.82% (As of Dec. 2023)

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What is Capital Properties Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Capital Properties's Gross Profit for the three months ended in Dec. 2023 was $1.25 Mil. Capital Properties's Revenue for the three months ended in Dec. 2023 was $1.47 Mil. Therefore, Capital Properties's Gross Margin % for the quarter that ended in Dec. 2023 was 84.82%.

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

CPTP' s Gross Margin % Range Over the Past 10 Years
Min: 53.74 Med: 82.52 Max: 89.95
Current: 84.04

During the past 13 years, the highest Gross Margin % of Capital Properties was 89.95%. The lowest was 53.74%. And the median was 82.52%.

CPTP's Gross Margin % is ranked better than
90.87% of 1654 companies
in the Real Estate industry
Industry Median: 36.83 vs CPTP: 84.04

Capital Properties had a gross margin of 84.82% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Capital Properties was -0.60% per year.

Capital Properties Gross Margin % Historical Data

The historical data trend for Capital Properties'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.

Capital Properties Gross Margin % Chart

Capital Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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89.95

87.63

82.41

81.83

84.04

Capital Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															91.95	82.01	86.13	82.71	84.82

Competitive Comparison of Capital Properties's Gross Margin %

For the Real Estate Services subindustry, Capital Properties'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.

Capital Properties's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Capital Properties's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Capital Properties's Gross Margin % falls into.

Capital Properties Gross Margin % Calculation

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

Capital Properties'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 )
	=	4.6	/	5.525
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5.525 - 0.882)	/	5.525
	=	84.04 %

Capital Properties'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 )
	=	1.2	/	1.469
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.469 - 0.223)	/	1.469
	=	84.82 %

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.

Capital Properties (OTCPK:CPTP) 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

Capital Properties had a gross margin of 84.82% 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.

Capital Properties Gross Margin % Related Terms

Thank you for viewing the detailed overview of Capital Properties's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Capital Properties (Capital Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Capital Properties Inc (OTCPK:CPTP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Steeple Street, Unit 303, Providence, RI, USA, 02903

Website

https://capitalpropertiesinc.com

Capital Properties Inc is a real estate company. The company's business activities include the long-term leasing of certain real estate interests in downtown Providence, Rhode Island, the leasing of a portion of its building under short-term leasing arrangements, and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts. The properties of the company include historic buildings in and adjacent to the Capital Center District in Providence, Rhode Island, as well as owns several locations on which billboard faces are constructed. Its only operating segment is Leasing.

Executives

Daniel T Noreck	director	75 HAMMOND STREET, WORCESTER MA 01610
Linda Eder	other: See Remarks	100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Eder 2022 Community Property Trust	10 percent owner	220 SUNRISE AVENUE, SUITE 205, PALM BEACH FL 33480
Robert H Eder	director, 10 percent owner, officer: CEO & President	5 STEEPLE STREET, #303, PROVIDENCE RI 02903
Susan R. Johnson	officer: Treasurer	5 STEEPLE STREET, UNIT 303, PROVIDENCE RI 02903
Steven G Triedman	director	25 POWER STREET, PROVIDENCE RI 02903
P Scott Conti	officer: President	75 HAMMOND STREET, WORCESTER MA 01610
Craig M Scott	director	75 HAMMOND STREET, WORCESTER MA 01610
Matthew C Baum	director	152 IRVING AVENUE, PROVIDENCE RI 02906
Todd D Turcotte	officer: Vice President	100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Roy J Nirschel	director	45 FERRY ROAD, BRISTOL RI 02809
Alfred J Corso	director	6 LEWIS STREET, BARRINGTON RI 02806
Stephen J Carlotti	10 percent owner	1500 FLEET CENTER, PROVIDENCE RI 02903
Barbara J Dreyer	officer: Treasurer
Harris N Rosen	director