Minto Apartment REIT (TSX:MI.UN) COGS-to-Revenue : 0.37 (As of Mar. 2024)

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What is Minto Apartment REIT COGS-to-Revenue?

Minto Apartment REIT's Cost of Goods Sold for the three months ended in Mar. 2024 was C$14.5 Mil. Its Revenue for the three months ended in Mar. 2024 was C$38.9 Mil.

Minto Apartment REIT's COGS to Revenue for the three months ended in Mar. 2024 was 0.37.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Minto Apartment REIT's Gross Margin % for the three months ended in Mar. 2024 was 62.77%.

Minto Apartment REIT COGS-to-Revenue Historical Data

The historical data trend for Minto Apartment REIT'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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Minto Apartment REIT COGS-to-Revenue Chart

Minto Apartment REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.37

0.38

0.39

0.37

Minto Apartment REIT 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															0.41	0.38	0.35	0.35	0.37

Minto Apartment REIT COGS-to-Revenue Calculation

Minto Apartment REIT's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	58.757	/	157.925
	=	0.37

Minto Apartment REIT's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	14.499	/	38.943
	=	0.37

Minto Apartment REIT (TSX:MI.UN) COGS-to-Revenue Explanation

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

Minto Apartment REIT'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	-	14.499 / 38.943
	=	62.77 %

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.

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Minto Apartment REIT (TSX:MI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Minto Apartment REIT (TSX:MI.UN) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

MIAPF:USA

Address

200 - 180 Kent Street, Ottawa, ON, CAN, K1P 0B6

Website

https://www.mintoapartmentreit.com

Minto Apartment REIT is an unincorporated, open-ended real estate investment trust. It owns, develops, and operates a portfolio of income-producing multi-residential rental properties located in Canada. Its portfolio consists of interests in 32 multi-residential rental properties, including four mixed-use residential apartments and commercial buildings. The Reit's primary source of revenue is rental revenue.

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