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Keppel REIT (SGX:K71U) Gross Margin % : 78.27% (As of Dec. 2023)


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What is Keppel REIT Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Keppel REIT's Gross Profit for the six months ended in Dec. 2023 was S$92.5 Mil. Keppel REIT's Revenue for the six months ended in Dec. 2023 was S$118.2 Mil. Therefore, Keppel REIT's Gross Margin % for the quarter that ended in Dec. 2023 was 78.27%.


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

SGX:K71U' s Gross Margin % Range Over the Past 10 Years
Min: 78.25   Med: 79.7   Max: 82.26
Current: 78.25


During the past 13 years, the highest Gross Margin % of Keppel REIT was 82.26%. The lowest was 78.25%. And the median was 79.70%.

SGX:K71U's Gross Margin % is ranked better than
68.95% of 628 companies
in the REITs industry
Industry Median: 68.83 vs SGX:K71U: 78.25

Keppel REIT had a gross margin of 78.27% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Keppel REIT was -0.20% per year.


Keppel REIT Gross Margin % Historical Data

The historical data trend for Keppel REIT'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.

Keppel REIT Gross Margin % Chart

Keppel REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.57 79.59 79.65 80.23 78.25

Keppel REIT 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.56 81.51 78.96 78.23 78.27

Competitive Comparison of Keppel REIT's Gross Margin %

For the REIT - Office subindustry, Keppel REIT'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.


Keppel REIT's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Keppel REIT's Gross Margin % falls into.



Keppel REIT Gross Margin % Calculation

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

Keppel REIT'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 )
=182.4 / 233.071
=(Revenue - Cost of Goods Sold) / Revenue
=(233.071 - 50.692) / 233.071
=78.25 %

Keppel REIT'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 )
=92.5 / 118.197
=(Revenue - Cost of Goods Sold) / Revenue
=(118.197 - 25.688) / 118.197
=78.27 %

* 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.

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.


Keppel REIT  (SGX:K71U) 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

Keppel REIT had a gross margin of 78.27% 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.


Keppel REIT Gross Margin % Related Terms

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


Keppel REIT (SGX:K71U) Business Description

Traded in Other Exchanges
Address
1 HarbourFront Avenue, No. 18-01, Level 2 Keppel Bay Tower, Singapore, SGP, 098632
Keppel REIT is a pure-play commercial real estate investment trust with an SGD 9.2 billion portfolio of assets (as of Dec. 31, 2022) across Singapore, Australia, South Korea, and Japan. The majority of its assets are in Singapore, where it owns a 100% stake in Keppel Bay Tower, a 79.9% stake in Ocean Financial Centre, and a 33.33% stake in Marina Bay Financial Centre and One Raffles Quay. The trust is externally managed by Keppel REIT Management, a subsidiary of Keppel Capital. Parent Keppel Corp. currently retains an approximate 47% stake in KREIT.

Keppel REIT (SGX:K71U) Headlines

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