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Activia Properties (TSE:3279) Operating Margin % : 56.21% (As of May. 2023)


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What is Activia Properties Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Activia Properties's Operating Income for the six months ended in May. 2023 was 円9,827 Mil. Activia Properties's Revenue for the six months ended in May. 2023 was 円17,483 Mil. Therefore, Activia Properties's Operating Margin % for the quarter that ended in May. 2023 was 56.21%.

The historical rank and industry rank for Activia Properties's Operating Margin % or its related term are showing as below:

TSE:3279' s Operating Margin % Range Over the Past 10 Years
Min: 54.68   Med: 56.62   Max: 62.82
Current: 55.7


TSE:3279's Operating Margin % is ranked better than
55.81% of 688 companies
in the REITs industry
Industry Median: 52.315 vs TSE:3279: 55.70

Activia Properties's 5-Year Average Operating Margin % Growth Rate was -0.40% per year.

Activia Properties's Operating Income for the six months ended in May. 2023 was 円9,827 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2023 was 円18,747 Mil.


Activia Properties Operating Margin % Historical Data

The historical data trend for Activia Properties'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.

Activia Properties Operating Margin % Chart

Activia Properties Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.33 56.87 54.68 55.53 55.37

Activia Properties Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23
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 55.05 55.98 55.60 55.14 56.21

Competitive Comparison of Activia Properties's Operating Margin %

For the REIT - Diversified subindustry, Activia Properties'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.


Activia Properties's Operating Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Activia Properties's Operating Margin % falls into.



Activia Properties 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.

Activia Properties's Operating Margin % for the fiscal year that ended in Nov. 2022 is calculated as

Operating Margin %=Operating Income (A: Nov. 2022 ) / Revenue (A: Nov. 2022 )
=17545.856 / 31690.895
=55.37 %

Activia Properties's Operating Margin % for the quarter that ended in May. 2023 is calculated as

Operating Margin %=Operating Income (Q: May. 2023 ) / Revenue (Q: May. 2023 )
=9826.506 / 17482.902
=56.21 %

* 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.


Activia Properties  (TSE:3279) 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.


Activia Properties Operating Margin % Related Terms

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Activia Properties (TSE:3279) Business Description

Traded in Other Exchanges
N/A
Address
1-16-3 Dogenzaka, Shibuya-ku, Tokyo, JPN, 150-0043
Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. Most of these properties are either urban retail units near major train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's major tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.

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