Genesis Land Development (Genesis Land Development) COGS-to-Revenue : 0.73 (As of Mar. 2024)

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What is Genesis Land Development COGS-to-Revenue?

Genesis Land Development's Cost of Goods Sold for the three months ended in Mar. 2024 was $36.8 Mil. Its Revenue for the three months ended in Mar. 2024 was $50.5 Mil.

Genesis Land Development's COGS to Revenue for the three months ended in Mar. 2024 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Genesis Land Development's Gross Margin % for the three months ended in Mar. 2024 was 27.00%.

Genesis Land Development COGS-to-Revenue Historical Data

The historical data trend for Genesis Land Development'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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Genesis Land Development COGS-to-Revenue Chart

Genesis Land Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.69

0.85

0.71

0.81

0.77

Genesis Land Development 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															0.81	0.78	0.75	0.76	0.73

Genesis Land Development COGS-to-Revenue Calculation

Genesis Land Development's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	116.861	/	151.544
	=	0.77

Genesis Land Development's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	36.838	/	50.462
	=	0.73

Genesis Land Development (OTCPK:GNLAF) COGS-to-Revenue Explanation

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

Genesis Land Development'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	-	36.838 / 50.462
	=	27.00 %

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.

Genesis Land Development COGS-to-Revenue Related Terms

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Genesis Land Development (Genesis Land Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Genesis Land Development Corp (OTCPK:GNLAF) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

GDC:Canada

Address

6240, 333 - 96 Avenue NE, Calgary, AB, CAN, T3K 0S3

Website

https://www.genesisland.com

Genesis Land Development Corp is a Canada-based land developer and home builder. The company is engaged in the acquisition, development, and sale of land, residential lots, and homes mainly in the greater Calgary area. The company has two business segments: Land development and Homebuilding. It earns the majority of its revenue from the home building segment.

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