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CapitaLand Integrated Commercial Trust (SGX:C38U) Operating Margin % : 65.47% (As of Dec. 2023)


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What is CapitaLand Integrated Commercial Trust Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. CapitaLand Integrated Commercial Trust's Operating Income for the six months ended in Dec. 2023 was S$514 Mil. CapitaLand Integrated Commercial Trust's Revenue for the six months ended in Dec. 2023 was S$785 Mil. Therefore, CapitaLand Integrated Commercial Trust's Operating Margin % for the quarter that ended in Dec. 2023 was 65.47%.

Good Sign:

CapitaLand Integrated Commercial Trust operating margin is expanding. Margin expansion is usually a good sign.

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

SGX:C38U' s Operating Margin % Range Over the Past 10 Years
Min: 61.28   Med: 63.52   Max: 67.44
Current: 67.44


SGX:C38U's Operating Margin % is ranked better than
73.62% of 690 companies
in the REITs industry
Industry Median: 51.59 vs SGX:C38U: 67.44

CapitaLand Integrated Commercial Trust's 5-Year Average Operating Margin % Growth Rate was 1.20% per year.

CapitaLand Integrated Commercial Trust's Operating Income for the six months ended in Dec. 2023 was S$514 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was S$1,052 Mil.


CapitaLand Integrated Commercial Trust Operating Margin % Historical Data

The historical data trend for CapitaLand Integrated Commercial Trust'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 Integrated Commercial Trust Operating Margin % Chart

CapitaLand Integrated Commercial Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.19 61.55 66.16 65.76 67.44

CapitaLand Integrated Commercial Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 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 65.91 66.29 65.27 69.44 65.47

Competitive Comparison of CapitaLand Integrated Commercial Trust's Operating Margin %

For the REIT - Retail subindustry, CapitaLand Integrated Commercial Trust'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 Integrated Commercial Trust's Operating Margin % Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Integrated Commercial Trust's Operating Margin % falls into.



CapitaLand Integrated Commercial Trust 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 Integrated Commercial Trust'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 )
=1052.017 / 1559.934
=67.44 %

CapitaLand Integrated Commercial Trust'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 )
=514.03 / 785.157
=65.47 %

* 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 Integrated Commercial Trust  (SGX:C38U) 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 Integrated Commercial Trust Operating Margin % Related Terms

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CapitaLand Integrated Commercial Trust (SGX:C38U) Business Description

Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Integrated Commercial Trust was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties, which includes offices (mainly in the central business district), retail malls (includes urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Germany and Australia making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 23% stake in CICT.

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