HomeCo Daily Needs REIT (ASX:HDN) COGS-to-Revenue : 0.32 (As of Dec. 2023)

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What is HomeCo Daily Needs REIT COGS-to-Revenue?

HomeCo Daily Needs REIT's Cost of Goods Sold for the six months ended in Dec. 2023 was A$56.3 Mil. Its Revenue for the six months ended in Dec. 2023 was A$178.7 Mil.

HomeCo Daily Needs REIT's COGS to Revenue for the six months ended in Dec. 2023 was 0.32.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. HomeCo Daily Needs REIT's Gross Margin % for the six months ended in Dec. 2023 was 68.49%.

HomeCo Daily Needs REIT COGS-to-Revenue Historical Data

The historical data trend for HomeCo Daily Needs 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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HomeCo Daily Needs REIT COGS-to-Revenue Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

COGS-to-Revenue

0.31

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	0.36	0.30	0.30	0.32	0.32

HomeCo Daily Needs REIT COGS-to-Revenue Calculation

HomeCo Daily Needs REIT's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	107.7	/	347.3
	=	0.31

HomeCo Daily Needs REIT's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	56.3	/	178.7
	=	0.32

HomeCo Daily Needs REIT (ASX:HDN) COGS-to-Revenue Explanation

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

HomeCo Daily Needs REIT's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	56.3 / 178.7
	=	68.49 %

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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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

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