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Accelerate Property Fund (JSE:APF) Operating Margin % : 35.73% (As of Sep. 2024)


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What is Accelerate Property Fund Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Accelerate Property Fund's Operating Income for the six months ended in Sep. 2024 was R134.0 Mil. Accelerate Property Fund's Revenue for the six months ended in Sep. 2024 was R375.1 Mil. Therefore, Accelerate Property Fund's Operating Margin % for the quarter that ended in Sep. 2024 was 35.73%.

Warning Sign:

Accelerate Property Fund Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -9.8%.

The historical rank and industry rank for Accelerate Property Fund's Operating Margin % or its related term are showing as below:

JSE:APF' s Operating Margin % Range Over the Past 10 Years
Min: 27.93   Med: 65.32   Max: 70.26
Current: 27.93


JSE:APF's Operating Margin % is ranked worse than
74.8% of 766 companies
in the REITs industry
Industry Median: 52.625 vs JSE:APF: 27.93

Accelerate Property Fund's 5-Year Average Operating Margin % Growth Rate was -9.80% per year.

Accelerate Property Fund's Operating Income for the six months ended in Sep. 2024 was R134.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was R217.7 Mil.


Accelerate Property Fund Operating Margin % Historical Data

The historical data trend for Accelerate Property Fund's Operating 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.

Accelerate Property Fund Operating Margin % Chart

Accelerate Property Fund Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.22 52.19 66.14 56.06 30.32

Accelerate Property Fund Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Operating 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 57.41 54.83 39.68 20.69 35.73

Competitive Comparison of Accelerate Property Fund's Operating Margin %

For the REIT - Retail subindustry, Accelerate Property Fund's Operating Margin %, along with its competitors' market caps and Operating 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.


Accelerate Property Fund's Operating Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Accelerate Property Fund's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Accelerate Property Fund's Operating Margin % falls into.


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Accelerate Property Fund Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Accelerate Property Fund's Operating Margin % for the fiscal year that ended in Mar. 2024 is calculated as

Operating Margin %=Operating Income (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=248.713 / 820.302
=30.32 %

Accelerate Property Fund's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=134.041 / 375.11
=35.73 %

* 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.


Accelerate Property Fund  (JSE:APF) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Accelerate Property Fund Operating Margin % Related Terms

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Accelerate Property Fund Business Description

Traded in Other Exchanges
N/A
Address
1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. European single-tenant segment acquires develops and leases single-tenant space backed by long-term leases. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.

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