Middlesex Water Co (Middlesex Water Co) COGS-to-Revenue : 0.49 (As of Dec. 2023)

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What is Middlesex Water Co COGS-to-Revenue?

Middlesex Water Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $19.1 Mil. Its Revenue for the three months ended in Dec. 2023 was $38.6 Mil.

Middlesex Water Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.49.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Middlesex Water Co's Gross Margin % for the three months ended in Dec. 2023 was 50.60%.

Middlesex Water Co COGS-to-Revenue Historical Data

The historical data trend for Middlesex Water Co'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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Middlesex Water Co COGS-to-Revenue Chart

Middlesex Water Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.51

0.50

0.51

0.49

0.50

Middlesex Water Co 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															0.52	0.53	0.50	0.48	0.49

Middlesex Water Co COGS-to-Revenue Calculation

Middlesex Water Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	83.113	/	166.274
	=	0.50

Middlesex Water Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	19.071	/	38.602
	=	0.49

Middlesex Water Co (NAS:MSEX) COGS-to-Revenue Explanation

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

Middlesex Water Co'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	-	19.071 / 38.602
	=	50.60 %

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.

Middlesex Water Co COGS-to-Revenue Related Terms

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Middlesex Water Co (Middlesex Water Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Middlesex Water Co (NAS:MSEX) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

485C Route 1 South, Suite 400, Iselin, NJ, USA, 08830

Website

https://www.middlesexwater.com

Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.

Executives

Lorrie Beth Ginegaw	officer: VP-Corporate Affairs	1500 RONSON ROAD, ISELIN NJ 08830
Cosgrove James F. Jr.	director	492 CHRISTOPHER DRIVE, PRINCETON NJ 08540
Robert John Capko	officer: PAO/Controller	100 POSSUM WAY, NEW PROVIDENCE NJ 07974
Bernadette M Sohler	officer: VP - Corporate Affairs	1500 RONSON ROAD, ISELIN NJ 08830
Walter G Reinhard	director	PO BOX 1500, ISELIN NJ 08830
Dennis W Doll	officer: Executive Vice President	1500 RONSON ROAD, ISELIN NJ 08830
Andreasen Christian G. Jr.	officer: VP - Enterprise Engineering	485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830
Kim C Hanemann	director	1500 RONSON ROAD, ISELIN NJ 08830
A Bruce Oconnor	officer: Vice President &, other: Controller	PO BOX 1500, ISELIN NJ 08830
Vaughn L Mckoy	director	485C ROUTE ONE SOUTH, SUITE 400, ISELIN NJ 07083
Georgia M Simpson	officer: VP-Information Technology	485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830
Joshua Bershad	director	485C ROUTE ONE SOUTH, SUITE 400, ISELIN NJ 07083
Robert K Fullagar	officer: Vice President - Operations	485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830
Ann L. Noble	director	485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830
Jay L Kooper	officer: VP, Gen. Counsel & Secretary	1500 RONSON ROAD, ISELIN NJ 08830