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Invincible Investment (TSE:8963) Gross Margin % : 71.80% (As of Jun. 2023)


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What is Invincible Investment Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Invincible Investment's Gross Profit for the six months ended in Jun. 2023 was 円11,427 Mil. Invincible Investment's Revenue for the six months ended in Jun. 2023 was 円15,915 Mil. Therefore, Invincible Investment's Gross Margin % for the quarter that ended in Jun. 2023 was 71.80%.

Warning Sign:

Invincible Investment Corp gross margin has been in long-term decline. The average rate of decline per year is -14.1%.


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

TSE:8963' s Gross Margin % Range Over the Past 10 Years
Min: 22.23   Med: 65.82   Max: 80.05
Current: 72.4


During the past 13 years, the highest Gross Margin % of Invincible Investment was 80.05%. The lowest was 22.23%. And the median was 65.82%.

TSE:8963's Gross Margin % is ranked better than
56.92% of 629 companies
in the REITs industry
Industry Median: 68.8 vs TSE:8963: 72.40

Invincible Investment had a gross margin of 71.80% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Invincible Investment was -14.10% per year.


Invincible Investment Gross Margin % Historical Data

The historical data trend for Invincible Investment'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.

Invincible Investment Gross Margin % Chart

Invincible Investment 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 80.05 33.26 22.23 53.57 72.40

Invincible Investment Semi-Annual Data
Jun14 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 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 43.17 41.42 61.39 71.80 72.92

Competitive Comparison of Invincible Investment's Gross Margin %

For the REIT - Hotel & Motel subindustry, Invincible Investment'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.


Invincible Investment's Gross Margin % Distribution in the REITs Industry

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

* The bar in red indicates where Invincible Investment's Gross Margin % falls into.



Invincible Investment Gross Margin % Calculation

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

Invincible Investment's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=10504.6 / 19609.824
=(Revenue - Cost of Goods Sold) / Revenue
=(19609.824 - 9105.261) / 19609.824
=53.57 %

Invincible Investment's Gross Margin for the quarter that ended in Jun. 2023 is calculated as


Gross Margin % (Q: Jun. 2023 )=Gross Profit (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=11426.6 / 15914.981
=(Revenue - Cost of Goods Sold) / Revenue
=(15914.981 - 4488.341) / 15914.981
=71.80 %

* 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.


Invincible Investment  (TSE:8963) 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

Invincible Investment had a gross margin of 71.80% for the quarter that ended in Jun. 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.


Invincible Investment Gross Margin % Related Terms

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Invincible Investment (TSE:8963) Business Description

Traded in Other Exchanges
N/A
Address
Roppongi Hills Mori Tower 6-10-1 Roppongi, Minato-ku, Tokyo, JPN
Invincible Investment Corp is a Japanese real estate investment trust. It aims to ensure steady asset growth and stable revenues from a medium-to-long-term perspective through investing in real estate properties. The company invests primarily in residential properties or hotels, or real estate assets and other assets backed by such residential properties or hotels and real estate-backed securities.

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