Attacq (JSE:ATT) Gross Margin % : 60.83% (As of Dec. 2023)

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What is Attacq Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Attacq's Gross Profit for the six months ended in Dec. 2023 was R831 Mil. Attacq's Revenue for the six months ended in Dec. 2023 was R1,366 Mil. Therefore, Attacq's Gross Margin % for the quarter that ended in Dec. 2023 was 60.83%.

Warning Sign:

Attacq Ltd gross margin has been in long-term decline. The average rate of decline per year is -2%.

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

JSE:ATT' s Gross Margin % Range Over the Past 10 Years
Min: 58.4 Med: 66.12 Max: 73.74
Current: 58.4

During the past 13 years, the highest Gross Margin % of Attacq was 73.74%. The lowest was 58.40%. And the median was 66.12%.

JSE:ATT's Gross Margin % is ranked worse than
73.53% of 631 companies
in the REITs industry
Industry Median: 68.98 vs JSE:ATT: 58.40

Attacq had a gross margin of 60.83% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Attacq was -2.00% per year.

Attacq Gross Margin % Historical Data

The historical data trend for Attacq'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.

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Attacq Gross Margin % Chart

Attacq Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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65.81

66.43

66.58

60.24

Attacq 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															54.63	67.08	65.36	55.88	60.83

Competitive Comparison of Attacq's Gross Margin %

For the REIT - Diversified subindustry, Attacq'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.

Attacq's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Attacq's Gross Margin % falls into.

Attacq Gross Margin % Calculation

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

Attacq'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 )
	=	1467.7	/	2436.389
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2436.389 - 968.733)	/	2436.389
	=	60.24 %

Attacq'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 )
	=	830.9	/	1365.957
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1365.957 - 535.05)	/	1365.957
	=	60.83 %

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.

Attacq (JSE:ATT) 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

Attacq had a gross margin of 60.83% 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.

Attacq Gross Margin % Related Terms

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Attacq (JSE:ATT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Attacq Ltd (JSE:ATT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Magwa Crescent, Nexus 1, Ground floor, Waterfall City, Johannesburg, GT, ZAF, 2090

Website

https://www.attacq.co.za

Attacq Ltd is a South Africa-based REIT company. It is principally engaged in property development and property investment. The company's property investment portfolio contains commercial and retail real estate investments, which are located in South Africa, emerging markets excluding South Africa, and developed markets (such as some countries in Europe), with property investment in South Africa accounting for around two-thirds of total property assets. The company's property investment portfolio accounts for the majority of the company's total property portfolio. The company also develops properties to address tenants' needs or to generate investment properties. It generates the majority of its total revenue from rental income.