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Delta Property Fund (JSE:DLT) Operating Margin % : 54.66% (As of Aug. 2024)


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What is Delta Property Fund Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Delta Property Fund's Operating Income for the six months ended in Aug. 2024 was R320 Mil. Delta Property Fund's Revenue for the six months ended in Aug. 2024 was R586 Mil. Therefore, Delta Property Fund's Operating Margin % for the quarter that ended in Aug. 2024 was 54.66%.

Warning Sign:

Delta Property Fund Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.2%.

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

JSE:DLT' s Operating Margin % Range Over the Past 10 Years
Min: 46.46   Med: 59.07   Max: 70.11
Current: 51.21


JSE:DLT's Operating Margin % is ranked worse than
52.09% of 764 companies
in the REITs industry
Industry Median: 51.71 vs JSE:DLT: 51.21

Delta Property Fund's 5-Year Average Operating Margin % Growth Rate was -4.20% per year.

Delta Property Fund's Operating Income for the six months ended in Aug. 2024 was R320 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Aug. 2024 was R591 Mil.


Delta Property Fund Operating Margin % Historical Data

The historical data trend for Delta 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.

Delta Property Fund Operating Margin % Chart

Delta Property Fund Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.38 52.29 51.99 46.46 51.55

Delta Property Fund Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 49.92 42.87 55.44 47.64 54.66

Competitive Comparison of Delta Property Fund's Operating Margin %

For the REIT - Office subindustry, Delta 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.


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

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

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



Delta 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.

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

Operating Margin %=Operating Income (A: Feb. 2024 ) / Revenue (A: Feb. 2024 )
=586.514 / 1137.751
=51.55 %

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

Operating Margin %=Operating Income (Q: Aug. 2024 ) / Revenue (Q: Aug. 2024 )
=320.469 / 586.258
=54.66 %

* 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.


Delta Property Fund  (JSE:DLT) 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.


Delta Property Fund Operating Margin % Related Terms

Thank you for viewing the detailed overview of Delta Property Fund's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Delta Property Fund Business Description

Traded in Other Exchanges
N/A
Address
10 Muswell Road South, Postnet Suite 210, Private Bag X21, Silver Stream Office Park, Bryanston, Sandton, GT, ZAF, 2021
Delta Property Fund Ltd engages in long-term investment in rental-generating properties. The company operates through the following segments: head office; industrial; office sovereign; office other and retail. The firm generates its revenue mainly from the Office Sovereign segment. The portfolio of the company consists of large assets; single tenanted by the national government, provincial government, state-owned enterprises, and large blue chip corporates under long leases.

Delta Property Fund Headlines

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