Target Hospitality (Target Hospitality) COGS-to-Revenue : 0.51 (As of Dec. 2023)

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What is Target Hospitality COGS-to-Revenue?

Target Hospitality's Cost of Goods Sold for the three months ended in Dec. 2023 was $64.0 Mil. Its Revenue for the three months ended in Dec. 2023 was $126.2 Mil.

Target Hospitality's COGS to Revenue for the three months ended in Dec. 2023 was 0.51.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Target Hospitality's Gross Margin % for the three months ended in Dec. 2023 was 49.31%.

Target Hospitality COGS-to-Revenue Historical Data

The historical data trend for Target Hospitality's COGS-to-Revenue 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.

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Target Hospitality COGS-to-Revenue Chart

Target Hospitality Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.54

0.75

0.65

0.51

0.44

Target Hospitality Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.45	0.45	0.43	0.41	0.51

Target Hospitality COGS-to-Revenue Calculation

Target Hospitality's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	250.284	/	563.608
	=	0.44

Target Hospitality's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	63.981	/	126.22
	=	0.51

Target Hospitality (NAS:TH) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Target Hospitality's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	63.981 / 126.22
	=	49.31 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Target Hospitality COGS-to-Revenue Related Terms

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Target Hospitality (Target Hospitality) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Target Hospitality Corp (NAS:TH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

9320 Lakeside Boulevard, Suite 300, The Woodlands, Houston, TX, USA, 77381

Website

https://www.targethospitality.com

Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists primarily of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.

Executives

Eric Kalamaras	officer: EVP and CFO	ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119
Troy C. Schenk	officer: Chief Commercial Officer	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Jason Paul Vlacich	officer: Chief Accounting Officer	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Alejandro Hernandez	director	12500 BALTIMORE AVENUE, BELTSVILLE MD 20750
James B. Archer	director, officer: President and CEO	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Jeffrey Sagansky	director	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Pamela H. Patenaude	director	26642 TOWNE CENTRE DRIVE, C/O LOANDEPOT, INC., FOOTHILL RANCH CA 92610
Tdr Capital Ii Investments Lp	10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Manjit Dale	10 percent owner	C/O TDR CAPITAL LLP, 20 BENTINCK STREET, LONDON X0 W1U 2EU
Capital Llp Tdr	10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Stephen Robertson	director, 10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Arrow Holdings S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG N4 L-2453
Modulaire Holding S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453
Mfa Global S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453
Mfa Limited Partnership Slp	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453