GPT Group (GPT Group) Gross Margin % : 66.20% (As of Dec. 2023)

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What is GPT Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GPT Group's Gross Profit for the six months ended in Dec. 2023 was $229.9 Mil. GPT Group's Revenue for the six months ended in Dec. 2023 was $347.2 Mil. Therefore, GPT Group's Gross Margin % for the quarter that ended in Dec. 2023 was 66.20%.

Warning Sign:

GPT Group gross margin has been in long-term decline. The average rate of decline per year is -2.7%.

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

GPTGF' s Gross Margin % Range Over the Past 10 Years
Min: 61.2 Med: 66.65 Max: 69.46
Current: 62.44

During the past 13 years, the highest Gross Margin % of GPT Group was 69.46%. The lowest was 61.20%. And the median was 66.65%.

GPTGF's Gross Margin % is ranked worse than
65.46% of 634 companies
in the REITs industry
Industry Median: 68.745 vs GPTGF: 62.44

GPT Group had a gross margin of 66.20% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for GPT Group was -2.70% per year.

GPT Group Gross Margin % Historical Data

The historical data trend for GPT Group'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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GPT Group Gross Margin % Chart

GPT Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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69.46

69.15

61.20

62.09

62.44

GPT Group 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 %	Get a 7-Day Free Trial															56.91	63.86	60.31	57.32	66.20

Competitive Comparison of GPT Group's Gross Margin %

For the REIT - Diversified subindustry, GPT Group'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.

GPT Group's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where GPT Group's Gross Margin % falls into.

GPT Group Gross Margin % Calculation

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

GPT Group'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 )
	=	376.2	/	602.477
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(602.477 - 226.306)	/	602.477
	=	62.44 %

GPT Group'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 )
	=	229.9	/	347.189
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(347.189 - 117.336)	/	347.189
	=	66.20 %

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.

GPT Group (OTCPK:GPTGF) 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

GPT Group had a gross margin of 66.20% 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.

GPT Group Gross Margin % Related Terms

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GPT Group (GPT Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » GPT Group (OTCPK:GPTGF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

46T:Germany GPT:Australia

Address

25 Martin Place, Level 51, Sydney, NSW, AUS, 2000

Website

https://www.gpt.com.au

GPT Group was listed in 1971 and is Australia's oldest listed property trust. The business strategy is not particularly differentiated from peers, other than through its somewhat conservative gearing and modest emphasis on development activity. The portfolio weighting to industrial is a major growth area for the firm. GPT remains dominated by retail malls that generate about a third of its revenue, and another quarter from office.