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Starhill Global Real Estate Investment Trust (SGX:P40U) Operating Margin % : 69.17% (As of Dec. 2023)


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What is Starhill Global Real Estate Investment Trust Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Starhill Global Real Estate Investment Trust's Operating Income for the six months ended in Dec. 2023 was S$65.5 Mil. Starhill Global Real Estate Investment Trust's Revenue for the six months ended in Dec. 2023 was S$94.6 Mil. Therefore, Starhill Global Real Estate Investment Trust's Operating Margin % for the quarter that ended in Dec. 2023 was 69.17%.

Good Sign:

Starhill Global Real Estate Investment Trust operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Starhill Global Real Estate Investment Trust's Operating Margin % or its related term are showing as below:

SGX:P40U' s Operating Margin % Range Over the Past 10 Years
Min: 61.95   Med: 67.99   Max: 71.63
Current: 69.14


SGX:P40U's Operating Margin % is ranked better than
75.47% of 689 companies
in the REITs industry
Industry Median: 51.99 vs SGX:P40U: 69.14

Starhill Global Real Estate Investment Trust's 5-Year Average Operating Margin % Growth Rate was 0.30% per year.

Starhill Global Real Estate Investment Trust's Operating Income for the six months ended in Dec. 2023 was S$65.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was S$129.8 Mil.


Starhill Global Real Estate Investment Trust Operating Margin % Historical Data

The historical data trend for Starhill Global Real Estate Investment Trust's Operating 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.

Starhill Global Real Estate Investment Trust Operating Margin % Chart

Starhill Global Real Estate Investment Trust Annual Data
Trend Dec14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.35 61.95 63.61 67.32 68.82

Starhill Global Real Estate Investment Trust Semi-Annual Data
Dec13 Jun14 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Operating 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 65.91 68.65 68.55 69.11 69.17

Competitive Comparison of Starhill Global Real Estate Investment Trust's Operating Margin %

For the REIT - Retail subindustry, Starhill Global Real Estate Investment Trust's Operating Margin %, along with its competitors' market caps and Operating 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.


Starhill Global Real Estate Investment Trust's Operating Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Starhill Global Real Estate Investment Trust's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Starhill Global Real Estate Investment Trust's Operating Margin % falls into.



Starhill Global Real Estate Investment Trust Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Starhill Global Real Estate Investment Trust's Operating Margin % for the fiscal year that ended in Jun. 2023 is calculated as

Operating Margin %=Operating Income (A: Jun. 2023 ) / Revenue (A: Jun. 2023 )
=129.233 / 187.772
=68.82 %

Starhill Global Real Estate Investment Trust's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=65.454 / 94.633
=69.17 %

* 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.


Starhill Global Real Estate Investment Trust  (SGX:P40U) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Starhill Global Real Estate Investment Trust Operating Margin % Related Terms

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Starhill Global Real Estate Investment Trust (SGX:P40U) Business Description

Traded in Other Exchanges
Address
391B Orchard Road, No. 21-08 Ngee Ann City Tower B, Singapore, SGP, 238874
Starhill Global Real Estate Investment Trust invests in retail and commercial properties. The company's properties are located in Asia-Pacific countries which include Singapore, Australia, Malaysia, China, and Japan. The company generates the majority of revenue from leasing properties to tenants, primarily department stores, fashion and footwear stores, cosmetics shops, and corporates. The company divides its operations into five segments: Wisma Atria Property; Ngee Ann City Property; Australia Properties; Malaysia Properties; and other properties. The two Singapore segments, Wisma Atria Property and Ngee Ann City Property, collectively generate more than half total revenue.

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