Asset Plus (NZSE:APL) Gross Margin % : 44.17% (As of Sep. 2023)

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What is Asset Plus Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Asset Plus's Gross Profit for the six months ended in Sep. 2023 was NZ$1.15 Mil. Asset Plus's Revenue for the six months ended in Sep. 2023 was NZ$2.61 Mil. Therefore, Asset Plus's Gross Margin % for the quarter that ended in Sep. 2023 was 44.17%.

Warning Sign:

Asset Plus Ltd gross margin has been in long-term decline. The average rate of decline per year is -10.7%.

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

NZSE:APL' s Gross Margin % Range Over the Past 10 Years
Min: 36.63 Med: 67.78 Max: 94.48
Current: 38.43

During the past 13 years, the highest Gross Margin % of Asset Plus was 94.48%. The lowest was 36.63%. And the median was 67.78%.

NZSE:APL's Gross Margin % is ranked worse than
90.48% of 630 companies
in the REITs industry
Industry Median: 68.93 vs NZSE:APL: 38.43

Asset Plus had a gross margin of 44.17% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Asset Plus was -10.70% per year.

Asset Plus Gross Margin % Historical Data

The historical data trend for Asset Plus'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.

Asset Plus Gross Margin % Chart

Asset Plus Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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63.19

94.48

65.94

56.65

36.63

Asset Plus Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															60.73	51.81	39.24	31.14	44.17

Competitive Comparison of Asset Plus's Gross Margin %

For the REIT - Diversified subindustry, Asset Plus'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.

Asset Plus's Gross Margin % Distribution in the REITs Industry

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

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

Asset Plus Gross Margin % Calculation

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

Asset Plus's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	2.3	/	6.377
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.377 - 4.041)	/	6.377
	=	36.63 %

Asset Plus's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.2	/	2.608
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.608 - 1.456)	/	2.608
	=	44.17 %

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.

Asset Plus (NZSE:APL) 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

Asset Plus had a gross margin of 44.17% for the quarter that ended in Sep. 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.

Asset Plus Gross Margin % Related Terms

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Asset Plus (NZSE:APL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Asset Plus Ltd (NZSE:APL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Gaunt Street, Level 2, Bayleys House, Wynyard Quarter, Auckland, NTL, NZL, 1010

Website

https://www.assetplusnz.co.nz

Asset Plus Ltd is a commercial property investment company. Its investment portfolio includes investments in retail, industrial, and commercial buildings throughout New Zealand. Its objective of property investment is to deliver consistent dividends and growth in capital value for its shareholders.

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