Real Estate Split (TSX:RS) Gross Margin % : 72.89% (As of Dec. 2023)

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What is Real Estate Split Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Real Estate Split's Gross Profit for the six months ended in Dec. 2023 was C$1.96 Mil. Real Estate Split's Revenue for the six months ended in Dec. 2023 was C$2.69 Mil. Therefore, Real Estate Split's Gross Margin % for the quarter that ended in Dec. 2023 was 72.89%.

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

TSX:RS' s Gross Margin % Range Over the Past 10 Years
Min: 48.91 Med: 69.25 Max: 73.25
Current: 72.05

During the past 4 years, the highest Gross Margin % of Real Estate Split was 73.25%. The lowest was 48.91%. And the median was 69.25%.

TSX:RS's Gross Margin % is ranked better than
66.92% of 529 companies
in the Asset Management industry
Industry Median: 51.55 vs TSX:RS: 72.05

Real Estate Split had a gross margin of 72.89% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Real Estate Split was 0.00% per year.

Real Estate Split Gross Margin % Historical Data

The historical data trend for Real Estate Split'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.

Real Estate Split Gross Margin % Chart

Real Estate Split Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

73.25

48.91

66.44

72.05

Real Estate Split Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			46.75	59.87	70.64	71.13	72.89

Competitive Comparison of Real Estate Split's Gross Margin %

For the Asset Management subindustry, Real Estate Split'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.

Real Estate Split's Gross Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Real Estate Split's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Real Estate Split's Gross Margin % falls into.

Real Estate Split Gross Margin % Calculation

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

Real Estate Split's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	3.7	/	5.142
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5.142 - 1.437)	/	5.142
	=	72.05 %

Real Estate Split'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 )
	=	2	/	2.693
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.693 - 0.73)	/	2.693
	=	72.89 %

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.

Real Estate Split (TSX:RS) 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

Real Estate Split had a gross margin of 72.89% 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.

Real Estate Split Gross Margin % Related Terms

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Real Estate Split (TSX:RS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Real Estate Split Corp (TSX:RS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

RS.PR.A.PFD:Canada

Address

8 Spadina Avenue, Suite 3100, Toronto, ON, CAN, M5V 0S8

Website

https://www.middlefield.com

Real Estate Split Corp invests in a diversified, actively managed, high conviction portfolio of Real Estate Issuers engaged in e-commerce, data infrastructure as well as the multi-family, retail, office and healthcare sectors.

Executives

Dean Orrico

Director, Director or Senior Officer of 10% Security Holder, Senior Officer