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CapitaLand Ascendas REIT (SGX:A17U) Operating Margin % : 60.83% (As of Dec. 2023)


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What is CapitaLand Ascendas REIT Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. CapitaLand Ascendas REIT's Operating Income for the six months ended in Dec. 2023 was S$463 Mil. CapitaLand Ascendas REIT's Revenue for the six months ended in Dec. 2023 was S$762 Mil. Therefore, CapitaLand Ascendas REIT's Operating Margin % for the quarter that ended in Dec. 2023 was 60.83%.

Warning Sign:

CapitaLand Ascendas REIT operating margin has been in a 5-year decline. The average rate of decline per year is -1.2%.

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

SGX:A17U' s Operating Margin % Range Over the Past 10 Years
Min: 61.27   Med: 65.32   Max: 67.86
Current: 62.2


SGX:A17U's Operating Margin % is ranked better than
66.33% of 695 companies
in the REITs industry
Industry Median: 51.83 vs SGX:A17U: 62.20

CapitaLand Ascendas REIT's 5-Year Average Operating Margin % Growth Rate was -1.20% per year.

CapitaLand Ascendas REIT's Operating Income for the six months ended in Dec. 2023 was S$463 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was S$920 Mil.


CapitaLand Ascendas REIT Operating Margin % Historical Data

The historical data trend for CapitaLand Ascendas REIT'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.

CapitaLand Ascendas REIT Operating Margin % Chart

CapitaLand Ascendas REIT Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.30 67.86 66.85 64.17 62.20

CapitaLand Ascendas REIT Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 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 65.57 63.91 64.42 63.65 60.83

Competitive Comparison of CapitaLand Ascendas REIT's Operating Margin %

For the REIT - Industrial subindustry, CapitaLand Ascendas REIT'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.


CapitaLand Ascendas REIT's Operating Margin % Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Ascendas REIT's Operating Margin % falls into.



CapitaLand Ascendas REIT 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.

CapitaLand Ascendas REIT's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=920.38 / 1479.778
=62.20 %

CapitaLand Ascendas REIT'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 )
=463.315 / 761.673
=60.83 %

* 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.


CapitaLand Ascendas REIT  (SGX:A17U) 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.


CapitaLand Ascendas REIT Operating Margin % Related Terms

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CapitaLand Ascendas REIT (SGX:A17U) Business Description

Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2022, it held a SGD 16.4 billion portfolio of 220 properties across Singapore, Australia, Europe, and the U.S. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns an 18% stake in the trust.

CapitaLand Ascendas REIT (SGX:A17U) Headlines

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