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Charter Hall Retail REIT (ASX:CQR) Gross Margin % : 59.78% (As of Dec. 2023)


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What is Charter Hall Retail REIT Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Charter Hall Retail REIT's Gross Profit for the six months ended in Dec. 2023 was A$65.1 Mil. Charter Hall Retail REIT's Revenue for the six months ended in Dec. 2023 was A$108.9 Mil. Therefore, Charter Hall Retail REIT's Gross Margin % for the quarter that ended in Dec. 2023 was 59.78%.

Warning Sign:

Charter Hall Retail REIT gross margin has been in long-term decline. The average rate of decline per year is -1.6%.


The historical rank and industry rank for Charter Hall Retail REIT's Gross Margin % or its related term are showing as below:

ASX:CQR' s Gross Margin % Range Over the Past 10 Years
Min: 58.64   Med: 62.26   Max: 63.91
Current: 59.98


During the past 13 years, the highest Gross Margin % of Charter Hall Retail REIT was 63.91%. The lowest was 58.64%. And the median was 62.26%.

ASX:CQR's Gross Margin % is ranked worse than
70.38% of 628 companies
in the REITs industry
Industry Median: 68.83 vs ASX:CQR: 59.98

Charter Hall Retail REIT had a gross margin of 59.78% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Charter Hall Retail REIT was -1.60% per year.


Charter Hall Retail REIT Gross Margin % Historical Data

The historical data trend for Charter Hall Retail 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.

Charter Hall Retail REIT Gross Margin % Chart

Charter Hall Retail REIT Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.91 61.79 58.64 58.67 59.87

Charter Hall Retail REIT Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 58.90 58.43 59.55 60.19 59.78

Competitive Comparison of Charter Hall Retail REIT's Gross Margin %

For the REIT - Retail subindustry, Charter Hall Retail 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.


Charter Hall Retail REIT's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Charter Hall Retail REIT's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Charter Hall Retail REIT's Gross Margin % falls into.



Charter Hall Retail REIT Gross Margin % Calculation

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

Charter Hall Retail REIT's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )=Gross Profit (A: Jun. 2023 ) / Revenue (A: Jun. 2023 )
=127.4 / 212.8
=(Revenue - Cost of Goods Sold) / Revenue
=(212.8 - 85.4) / 212.8
=59.87 %

Charter Hall Retail REIT's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=65.1 / 108.9
=(Revenue - Cost of Goods Sold) / Revenue
=(108.9 - 43.8) / 108.9
=59.78 %

* 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.


Charter Hall Retail REIT  (ASX:CQR) 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

Charter Hall Retail REIT had a gross margin of 59.78% for the quarter that ended in Dec. 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.


Charter Hall Retail REIT Gross Margin % Related Terms

Thank you for viewing the detailed overview of Charter Hall Retail REIT's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Charter Hall Retail REIT (ASX:CQR) Business Description

Traded in Other Exchanges
Address
No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Charter Hall Retail Retail REIT owns and manages a portfolio of convenience focused retail properties, including neighbourhood and subregional shopping centres, service stations, and some retail logistics properties. The REIT is managed by Charter Hall, a listed, diversified fund manager and developer, which owns a minority stake in Charter Hall Retail REIT and frequently partners with it on acquisitions and developments. More than half of rental income comes from major tenants Woolworths, Coles, Wesfarmers, Ampol, and BP (the latter two occupy service station assets). The portfolio is more seasoned than some convenience rivals, with approximately 80% of supermarket tenants at or near thresholds for paying turnover-linked rent.

Charter Hall Retail REIT (ASX:CQR) Headlines

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