Centuria Office REIT (ASX:COF) Gross Margin % : 92.55% (As of Dec. 2023)

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What is Centuria Office REIT Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Centuria Office REIT's Gross Profit for the six months ended in Dec. 2023 was A$78.6 Mil. Centuria Office REIT's Revenue for the six months ended in Dec. 2023 was A$84.9 Mil. Therefore, Centuria Office REIT's Gross Margin % for the quarter that ended in Dec. 2023 was 92.55%.

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

ASX:COF' s Gross Margin % Range Over the Past 10 Years
Min: 92.09 Med: 93.69 Max: 94.98
Current: 92.33

During the past 9 years, the highest Gross Margin % of Centuria Office REIT was 94.98%. The lowest was 92.09%. And the median was 93.69%.

ASX:COF's Gross Margin % is ranked better than
90.13% of 628 companies
in the REITs industry
Industry Median: 68.93 vs ASX:COF: 92.33

Centuria Office REIT had a gross margin of 92.55% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Centuria Office REIT was -0.50% per year.

Centuria Office REIT Gross Margin % Historical Data

The historical data trend for Centuria Office REIT'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.

Centuria Office REIT Gross Margin % Chart

Centuria Office REIT Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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93.69

92.88

92.87

92.41

92.09

Centuria Office REIT Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial														92.98	91.80	92.07	92.12	92.55

Competitive Comparison of Centuria Office REIT's Gross Margin %

For the REIT - Office subindustry, Centuria Office REIT'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.

Centuria Office REIT's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Centuria Office REIT's Gross Margin % falls into.

Centuria Office REIT Gross Margin % Calculation

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

Centuria Office REIT's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	153.6	/	166.822
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(166.822 - 13.189)	/	166.822
	=	92.09 %

Centuria Office 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 )
	=	78.6	/	84.94
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(84.94 - 6.332)	/	84.94
	=	92.55 %

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.

Centuria Office REIT (ASX:COF) 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

Centuria Office REIT had a gross margin of 92.55% 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.

Centuria Office REIT Gross Margin % Related Terms

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Centuria Office REIT (ASX:COF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Centuria Office REIT (ASX:COF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Chifley Square, Level 41, Chifley Tower, Sydney, NSW, AUS, 2000

Website

https://www.centuria.com.au

Centuria Office REIT is an Australia-based pure-play office REIT. The company owns a portfolio of assets situated in core office markets throughout Australia. COF is overseen by a hands-on, active manager and provides investors with income and the opportunity for capital growth from a pure play portfolio of high-quality Australian office assets.