Sun Communities (FRA:SCZ) COGS-to-Revenue : 0.54 (As of Mar. 2024)

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What is Sun Communities COGS-to-Revenue?

Sun Communities's Cost of Goods Sold for the three months ended in Mar. 2024 was €330 Mil. Its Revenue for the three months ended in Mar. 2024 was €613 Mil.

Sun Communities's COGS to Revenue for the three months ended in Mar. 2024 was 0.54.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sun Communities's Gross Margin % for the three months ended in Mar. 2024 was 46.18%.

Sun Communities COGS-to-Revenue Historical Data

The historical data trend for Sun Communities'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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Sun Communities COGS-to-Revenue Chart

Sun Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.44

0.49

0.52

0.53

Sun Communities 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															0.55	0.54	0.50	0.54	0.54

Sun Communities COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1548.171	/	2915.326
	=	0.53

Sun Communities's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	330.096	/	613.364
	=	0.54

Sun Communities (FRA:SCZ) COGS-to-Revenue Explanation

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

Sun Communities'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	-	330.096 / 613.364
	=	46.18 %

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.

Sun Communities COGS-to-Revenue Related Terms

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Sun Communities (FRA:SCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (FRA:SCZ) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SUI:USA S2UI34:Brazil

Address

27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034

Website

https://www.suncommunities.com

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.