Frasers Hospitality Trust (SGX:ACV) Gross Margin %

: 66.69% (As of Sep. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Frasers Hospitality Trust's Gross Profit for the six months ended in Sep. 2023 was S$40.7 Mil. Frasers Hospitality Trust's Revenue for the six months ended in Sep. 2023 was S$61.0 Mil. Therefore, Frasers Hospitality Trust's Gross Margin % for the quarter that ended in Sep. 2023 was 66.69%.

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

SGX:ACV' s Gross Margin % Range Over the Past 10 Years
Min: 56.73 Med: 66.02 Max: 75.13
Current: 65.85

During the past 9 years, the highest Gross Margin % of Frasers Hospitality Trust was 75.13%. The lowest was 56.73%. And the median was 66.02%.

SGX:ACV's Gross Margin % is ranked worse than
56.24% of 633 companies
in the REITs industry
Industry Median: 68.71 vs SGX:ACV: 65.85

Frasers Hospitality Trust had a gross margin of 66.69% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Frasers Hospitality Trust was -0.60% per year.

Frasers Hospitality Trust Gross Margin % Historical Data

The historical data trend for Frasers Hospitality 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.

Frasers Hospitality Trust Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

66.19

56.73

57.13

63.04

65.85

Frasers Hospitality Trust Semi-Annual Data
	Dec14	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %													57.92	61.42	64.42	65.02	66.69

Competitive Comparison

For the REIT - Hotel & Motel subindustry, Frasers Hospitality 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.

Frasers Hospitality Trust Gross Margin % Distribution

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

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

Frasers Hospitality Trust Gross Margin % Calculation

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

Frasers Hospitality Trust's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	81.1	/	123.198
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(123.198 - 42.077)	/	123.198
	=	65.85 %

Frasers Hospitality Trust's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	40.7	/	60.978
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(60.978 - 20.312)	/	60.978
	=	66.69 %

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.

Frasers Hospitality Trust (SGX:ACV) 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

Frasers Hospitality Trust had a gross margin of 66.69% for the quarter that ended in Sep. 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.

Frasers Hospitality Trust Gross Margin % Related Terms

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Frasers Hospitality Trust (SGX:ACV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Frasers Hospitality Trust (SGX:ACV) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

438 Alexandra Road, No.21-00, Alexandra Point, Singapore, SGP, 119958

Website

https://www.frasershospitalitytrust.com

Frasers Hospitality Trust, or FHT, is a global hotel and serviced residence trust that invests in income-producing real estate and real estate-related assets used mainly for hospitality purposes. Its hotels are luxury, upscale, and midscale properties. FHT's investment properties are across Singapore, Australia, Malaysia, Germany, Japan, and the United Kingdom, in cities such as Singapore, Kuala Lumpur, Kobe, Sydney, London, Edinburgh, and Glasgow. Frasers derives the majority of its revenue from its assets in Singapore and Australia. International hotel chains, such as Accor, and InterContinental manage the company's portfolio; as well as Frasers Hospitality, which is a serviced residence operator. The company business segment consist of master leases and hotel under management contract.