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Cofinimmo/NV (XBRU:COFB) Gross Margin % : 89.02% (As of Mar. 2024)


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What is Cofinimmo/NV Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cofinimmo/NV's Gross Profit for the three months ended in Mar. 2024 was €77.4 Mil. Cofinimmo/NV's Revenue for the three months ended in Mar. 2024 was €87.0 Mil. Therefore, Cofinimmo/NV's Gross Margin % for the quarter that ended in Mar. 2024 was 89.02%.


The historical rank and industry rank for Cofinimmo/NV's Gross Margin % or its related term are showing as below:

XBRU:COFB' s Gross Margin % Range Over the Past 10 Years
Min: 68.62   Med: 71.7   Max: 74.94
Current: 73.23


During the past 13 years, the highest Gross Margin % of Cofinimmo/NV was 74.94%. The lowest was 68.62%. And the median was 71.70%.

XBRU:COFB's Gross Margin % is ranked better than
59.46% of 629 companies
in the REITs industry
Industry Median: 68.91 vs XBRU:COFB: 73.23

Cofinimmo/NV had a gross margin of 89.02% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cofinimmo/NV was 1.30% per year.


Cofinimmo/NV Gross Margin % Historical Data

The historical data trend for Cofinimmo/NV'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.

Cofinimmo/NV Gross Margin % Chart

Cofinimmo/NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.82 74.94 74.31 73.92 73.63

Cofinimmo/NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross 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 91.34 54.55 79.14 76.11 89.02

Competitive Comparison of Cofinimmo/NV's Gross Margin %

For the REIT - Diversified subindustry, Cofinimmo/NV'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.


Cofinimmo/NV's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cofinimmo/NV's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cofinimmo/NV's Gross Margin % falls into.



Cofinimmo/NV Gross Margin % Calculation

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

Cofinimmo/NV'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 )
=291.9 / 396.493
=(Revenue - Cost of Goods Sold) / Revenue
=(396.493 - 104.568) / 396.493
=73.63 %

Cofinimmo/NV's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=77.4 / 87.001
=(Revenue - Cost of Goods Sold) / Revenue
=(87.001 - 9.557) / 87.001
=89.02 %

* 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.

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.


Cofinimmo/NV  (XBRU:COFB) 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

Cofinimmo/NV had a gross margin of 89.02% for the quarter that ended in Mar. 2024 => 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.


Cofinimmo/NV Gross Margin % Related Terms

Thank you for viewing the detailed overview of Cofinimmo/NV's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cofinimmo/NV (XBRU:COFB) Business Description

Traded in Other Exchanges
Address
58 Boulevard de la Woluwedal, Brussels, BEL, 1200
Cofinimmo SA/NV is a Belgian real estate company primarily engaged in the ownership and management of the rental property in Western Europe. The vast majority of Cofinimmo's properties are split between office and healthcare purposes. The remainder is mainly restaurants, pubs, and insurance agencies. Most of Cofinimmo's assets are located in Belgium, while France is also home to a substantial share. The company's major tenants include healthcare firms, pubs and restaurants, banks, and insurance firms. Cofinimmo generates nearly all of its revenue through rental income. The company's healthcare and restaurant tenants typically sign long-term leases, while its office tenants generally elect for short-term agreements.

Cofinimmo/NV (XBRU:COFB) Headlines

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