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Mapletree Pan Asia Commercial Trust (SGX:N2IU) Operating Margin % : 74.82% (As of Dec. 2023)


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What is Mapletree Pan Asia Commercial Trust Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Mapletree Pan Asia Commercial Trust's Operating Income for the three months ended in Dec. 2023 was S$169.1 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 Operating Margin % for the quarter that ended in Dec. 2023 was 74.82%.

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

SGX:N2IU' s Operating Margin % Range Over the Past 10 Years
Min: 68.47   Med: 72.89   Max: 75.19
Current: 75.19


SGX:N2IU's Operating Margin % is ranked better than
82.16% of 695 companies
in the REITs industry
Industry Median: 51.83 vs SGX:N2IU: 75.19

Mapletree Pan Asia Commercial Trust's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Mapletree Pan Asia Commercial Trust's Operating Income for the three months ended in Dec. 2023 was S$169.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was S$667.9 Mil.


Mapletree Pan Asia Commercial Trust Operating Margin % Historical Data

The historical data trend for Mapletree Pan Asia Commercial Trust'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.

Mapletree Pan Asia Commercial Trust Operating Margin % Chart

Mapletree Pan Asia Commercial Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 74.03 72.88 72.90 73.29 74.56

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
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 73.56 75.50 74.76 75.69 74.82

Competitive Comparison of Mapletree Pan Asia Commercial Trust's Operating Margin %

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


Mapletree Pan Asia Commercial Trust's Operating Margin % Distribution in the REITs Industry

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

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



Mapletree Pan Asia Commercial Trust 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.

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

Operating Margin %=Operating Income (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=578.834 / 776.334
=74.56 %

Mapletree Pan Asia Commercial Trust's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=169.098 / 226.012
=74.82 %

* 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.


Mapletree Pan Asia Commercial Trust  (SGX:N2IU) 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.


Mapletree Pan Asia Commercial Trust Operating 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.

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