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MORI TRUST Hotel Reit (TSE:3478) Gross Margin % : 67.60% (As of Aug. 2022)


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What is MORI TRUST Hotel Reit Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. MORI TRUST Hotel Reit's Gross Profit for the six months ended in Aug. 2022 was 円1,388 Mil. MORI TRUST Hotel Reit's Revenue for the six months ended in Aug. 2022 was 円2,053 Mil. Therefore, MORI TRUST Hotel Reit's Gross Margin % for the quarter that ended in Aug. 2022 was 67.60%.


The historical rank and industry rank for MORI TRUST Hotel Reit's Gross Margin % or its related term are showing as below:

TSE:3478' s Gross Margin % Range Over the Past 10 Years
Min: 60.67   Med: 70.93   Max: 76.7
Current: 62.12


During the past 7 years, the highest Gross Margin % of MORI TRUST Hotel Reit was 76.70%. The lowest was 60.67%. And the median was 70.93%.

TSE:3478's Gross Margin % is not ranked
in the REITs industry.
Industry Median: 68.83 vs TSE:3478: 62.12

MORI TRUST Hotel Reit had a gross margin of 67.60% for the quarter that ended in Aug. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for MORI TRUST Hotel Reit was 0.00% per year.


MORI TRUST Hotel Reit Gross Margin % Historical Data

The historical data trend for MORI TRUST Hotel 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.

MORI TRUST Hotel Reit Gross Margin % Chart

MORI TRUST Hotel Reit Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Gross Margin %
Get a 7-Day Free Trial 76.70 76.69 71.43 60.67 62.12

MORI TRUST Hotel Reit Semi-Annual Data
Aug16 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.22 45.98 69.12 54.21 67.60

Competitive Comparison of MORI TRUST Hotel Reit's Gross Margin %

For the REIT - Hotel & Motel subindustry, MORI TRUST Hotel 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.


MORI TRUST Hotel Reit's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, MORI TRUST Hotel Reit's Gross Margin % distribution charts can be found below:

* The bar in red indicates where MORI TRUST Hotel Reit's Gross Margin % falls into.



MORI TRUST Hotel Reit Gross Margin % Calculation

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

MORI TRUST Hotel Reit's Gross Margin for the fiscal year that ended in Aug. 2022 is calculated as

Gross Margin % (A: Aug. 2022 )=Gross Profit (A: Aug. 2022 ) / Revenue (A: Aug. 2022 )
=2160 / 3477.298
=(Revenue - Cost of Goods Sold) / Revenue
=(3477.298 - 1317.313) / 3477.298
=62.12 %

MORI TRUST Hotel Reit's Gross Margin for the quarter that ended in Aug. 2022 is calculated as


Gross Margin % (Q: Aug. 2022 )=Gross Profit (Q: Aug. 2022 ) / Revenue (Q: Aug. 2022 )
=1388.2 / 2053.424
=(Revenue - Cost of Goods Sold) / Revenue
=(2053.424 - 665.259) / 2053.424
=67.60 %

* 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.


MORI TRUST Hotel Reit  (TSE:3478) 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

MORI TRUST Hotel Reit had a gross margin of 67.60% for the quarter that ended in Aug. 2022 => 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.


MORI TRUST Hotel Reit Gross Margin % Related Terms

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MORI TRUST Hotel Reit (TSE:3478) Business Description

Traded in Other Exchanges
N/A
Address
Toranomon, Minato-ku, Tokyo, JPN
MORI TRUST Hotel Reit Inc is a Japan-based closed-end real estate investment trust. It is primarily involved in the of real estate development, hotel management, investment business. The company further holds an interest in the project such as Tokyo world gate, Akasaka 2- chrome, Kyobashi trust tower, Suiran, a luxury collection hotel at Kyoto and Courtyard by Marriott Shin-Osaka station. Geographically, it operates through the region of Japan.

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