HomeCo Daily Needs REIT (ASX:HDN) Gross Profit : A$245.9 Mil (TTM As of Dec. 2023)

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What is HomeCo Daily Needs REIT Gross Profit?

HomeCo Daily Needs REIT's gross profit for the six months ended in Dec. 2023 was A$122.4 Mil. HomeCo Daily Needs REIT's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$245.9 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. HomeCo Daily Needs REIT's gross profit for the six months ended in Dec. 2023 was A$122.4 Mil. HomeCo Daily Needs REIT's Revenue for the six months ended in Dec. 2023 was A$178.7 Mil. Therefore, HomeCo Daily Needs REIT's Gross Margin % for the quarter that ended in Dec. 2023 was 68.49%.

HomeCo Daily Needs REIT had a gross margin of 68.49% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 2 years, the highest Gross Margin % of HomeCo Daily Needs REIT was 68.99%. The lowest was 68.40%. And the median was 68.76%.

HomeCo Daily Needs REIT Gross Profit Historical Data

The historical data trend for HomeCo Daily Needs REIT's Gross Profit 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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HomeCo Daily Needs REIT Gross Profit Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Gross Profit

135.90

239.60

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	36.30	99.60	116.10	123.50	122.40

Competitive Comparison of HomeCo Daily Needs REIT's Gross Profit

For the REIT - Retail subindustry, HomeCo Daily Needs REIT's Gross Profit, along with its competitors' market caps and Gross Profit 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.

HomeCo Daily Needs REIT's Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's Gross Profit distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's Gross Profit falls into.

HomeCo Daily Needs REIT Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

HomeCo Daily Needs REIT's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	347.3	-	107.7
	=	239.6

HomeCo Daily Needs REIT's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	178.7	-	56.3
	=	122.4

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$245.9 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

HomeCo Daily Needs 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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	122.4	/	178.7
	=	68.49 %

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.

HomeCo Daily Needs REIT (ASX:HDN) Gross Profit 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

HomeCo Daily Needs REIT had a gross margin of 68.49% for the quarter that ended in Dec. 2023 => Durable competitive advantage

HomeCo Daily Needs REIT Gross Profit Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

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