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Mapletree Pan Asia Commercial Trust (SGX:N2IU) Gross Margin %

: 68.20% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. Mapletree Pan Asia Commercial Trust's Gross Profit for the three months ended in Dec. 2023 was S$154.1 Mil. Mapletree Pan Asia Commercial Trust's Revenue for the three months ended in Dec. 2023 was S$226.0 Mil. Therefore, Mapletree Pan Asia Commercial Trust's Gross Margin % for the quarter that ended in Dec. 2023 was 68.20%.


The historical rank and industry rank for Mapletree Pan Asia Commercial Trust's Gross Margin % or its related term are showing as below:

SGX:N2IU' s Gross Margin % Range Over the Past 10 Years
Min: 64.95   Med: 68.91   Max: 69.91
Current: 68.33


During the past 13 years, the highest Gross Margin % of Mapletree Pan Asia Commercial Trust was 69.91%. The lowest was 64.95%. And the median was 68.91%.

SGX:N2IU's Gross Margin % is ranked worse than
51.26% of 634 companies
in the REITs industry
Industry Median: 68.745 vs SGX:N2IU: 68.33

Mapletree Pan Asia Commercial Trust had a gross margin of 68.20% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Mapletree Pan Asia Commercial Trust was -0.50% per year.


Mapletree Pan Asia Commercial Trust Gross Margin % Historical Data

The historical data trend for Mapletree Pan Asia Commercial 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.

Mapletree Pan Asia Commercial Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.91 69.82 69.62 68.54 68.50

Mapletree Pan Asia Commercial Trust Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 66.90 68.29 68.15 68.67 68.20

Competitive Comparison

For the REIT - Office subindustry, Mapletree Pan Asia Commercial 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.


Mapletree Pan Asia Commercial Trust Gross Margin % Distribution

For the REITs industry and Real Estate sector, Mapletree Pan Asia Commercial Trust's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Mapletree Pan Asia Commercial Trust's Gross Margin % falls into.



Mapletree Pan Asia Commercial Trust Gross Margin % Calculation

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

Mapletree Pan Asia Commercial Trust's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )=Gross Profit (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=531.8 / 776.334
=(Revenue - Cost of Goods Sold) / Revenue
=(776.334 - 244.528) / 776.334
=68.50 %

Mapletree Pan Asia Commercial Trust'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 )
=154.1 / 226.012
=(Revenue - Cost of Goods Sold) / Revenue
=(226.012 - 71.868) / 226.012
=68.20 %

* 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.


Mapletree Pan Asia Commercial Trust  (SGX:N2IU) 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

Mapletree Pan Asia Commercial Trust had a gross margin of 68.20% 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.


Mapletree Pan Asia Commercial Trust Gross Margin % Related Terms

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Mapletree Pan Asia Commercial Trust (SGX:N2IU) Business Description

Traded in Other Exchanges
Address
10-80 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Pan Asia Commercial Trust was established in July 2022 as a result of the merger between Mapletree Commercial Trust and Mapletree North Asia Commercial Trust. The trust has a diversified portfolio of 18 properties, which includes business parks, offices and retail malls across Singapore, Hong Kong, China, Japan, and South Korea. The trust is externally managed by MPACT Management, a subsidiary of its sponsor, which owns around a 56% stake in the trust.

Mapletree Pan Asia Commercial Trust (SGX:N2IU) Headlines

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