Empire State Realty Trust (FRA:ES9) COGS-to-Revenue : 0.49 (As of Mar. 2024)

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What is Empire State Realty Trust COGS-to-Revenue?

Empire State Realty Trust's Cost of Goods Sold for the three months ended in Mar. 2024 was €81.0 Mil. Its Revenue for the three months ended in Mar. 2024 was €166.7 Mil.

Empire State Realty Trust's COGS to Revenue for the three months ended in Mar. 2024 was 0.49.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Empire State Realty Trust's Gross Margin % for the three months ended in Mar. 2024 was 51.39%.

Empire State Realty Trust COGS-to-Revenue Historical Data

The historical data trend for Empire State Realty Trust'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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Empire State Realty Trust COGS-to-Revenue Chart

Empire State Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.46

0.48

0.45

0.44

0.46

Empire State Realty Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.51	0.43	0.45	0.45	0.49

Empire State Realty Trust COGS-to-Revenue Calculation

Empire State Realty Trust's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	310.878	/	678.188
	=	0.46

Empire State Realty Trust's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	81.018	/	166.685
	=	0.49

Empire State Realty Trust (FRA:ES9) COGS-to-Revenue Explanation

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

Empire State Realty Trust's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	81.018 / 166.685
	=	51.39 %

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.

Empire State Realty Trust COGS-to-Revenue Related Terms

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Empire State Realty Trust (FRA:ES9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empire State Realty Trust Inc (FRA:ES9) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

ESRT:USA

Address

111 West 33rd Street, 12th Floor, New York, NY, USA, 10120

Website

https://www.empirestaterealtytrust.com

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 9.4 million square feet of office space, about 80% of which is located in Manhattan.

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