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Kenedix Residential Next Investment (TSE:3278) Gross Margin % : 64.60% (As of Jan. 2023)


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What is Kenedix Residential Next Investment Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kenedix Residential Next Investment's Gross Profit for the six months ended in Jan. 2023 was 円6,419 Mil. Kenedix Residential Next Investment's Revenue for the six months ended in Jan. 2023 was 円9,937 Mil. Therefore, Kenedix Residential Next Investment's Gross Margin % for the quarter that ended in Jan. 2023 was 64.60%.


The historical rank and industry rank for Kenedix Residential Next Investment's Gross Margin % or its related term are showing as below:

TSE:3278' s Gross Margin % Range Over the Past 10 Years
Min: 62.2   Med: 63.46   Max: 64.22
Current: 63.54


During the past 10 years, the highest Gross Margin % of Kenedix Residential Next Investment was 64.22%. The lowest was 62.20%. And the median was 63.46%.

TSE:3278's Gross Margin % is not ranked
in the REITs industry.
Industry Median: 68.83 vs TSE:3278: 63.54

Kenedix Residential Next Investment had a gross margin of 64.60% for the quarter that ended in Jan. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Kenedix Residential Next Investment was 0.30% per year.


Kenedix Residential Next Investment Gross Margin % Historical Data

The historical data trend for Kenedix Residential Next Investment'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.

Kenedix Residential Next Investment Gross Margin % Chart

Kenedix Residential Next Investment Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.52 64.22 64.01 63.62 63.39

Kenedix Residential Next Investment Semi-Annual Data
Jul13 Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23
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 63.49 63.75 64.37 62.43 64.60

Competitive Comparison of Kenedix Residential Next Investment's Gross Margin %

For the REIT - Residential subindustry, Kenedix Residential Next Investment'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.


Kenedix Residential Next Investment's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Kenedix Residential Next Investment's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kenedix Residential Next Investment's Gross Margin % falls into.



Kenedix Residential Next Investment Gross Margin % Calculation

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

Kenedix Residential Next Investment's Gross Margin for the fiscal year that ended in Jul. 2022 is calculated as

Gross Margin % (A: Jul. 2022 )=Gross Profit (A: Jul. 2022 ) / Revenue (A: Jul. 2022 )
=11783.9 / 18590.765
=(Revenue - Cost of Goods Sold) / Revenue
=(18590.765 - 6806.882) / 18590.765
=63.39 %

Kenedix Residential Next Investment's Gross Margin for the quarter that ended in Jan. 2023 is calculated as


Gross Margin % (Q: Jan. 2023 )=Gross Profit (Q: Jan. 2023 ) / Revenue (Q: Jan. 2023 )
=6419.1 / 9936.838
=(Revenue - Cost of Goods Sold) / Revenue
=(9936.838 - 3517.747) / 9936.838
=64.60 %

* 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.


Kenedix Residential Next Investment  (TSE:3278) 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

Kenedix Residential Next Investment had a gross margin of 64.60% for the quarter that ended in Jan. 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.


Kenedix Residential Next Investment Gross Margin % Related Terms

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Kenedix Residential Next Investment (TSE:3278) Business Description

Traded in Other Exchanges
N/A
Address
2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 105-0004
Kenedix Residential Next Investment Corp is a Japanese real estate investment trust that acquires, owns, and leases residential properties throughout Japan. In terms of total acquisition price, the majority of the company's real estate portfolio is composed of residential developments in the Tokyo Metropolitan Area. The rest of Kenedix Residential's holdings are located in other Japanese regional areas. The vast majority of the company's assets are split between small family and studio residential units. Family dwellings also make up a sizable amount of Kenedix's portfolio. The company derives nearly all of its operating income in the form of rental revenue from leasing its properties to tenants. Small family residential units contribute the largest share of this income.

Kenedix Residential Next Investment (TSE:3278) Headlines

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