Equity Residential (Equity Residential) COGS-to-Revenue

: 0.35 (As of Dec. 2023)

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Equity Residential's Cost of Goods Sold for the three months ended in Dec. 2023 was $252 Mil. Its Revenue for the three months ended in Dec. 2023 was $728 Mil.

Equity Residential's COGS to Revenue for the three months ended in Dec. 2023 was 0.35.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Equity Residential's Gross Margin % for the three months ended in Dec. 2023 was 65.34%.

Equity Residential COGS-to-Revenue Historical Data

The historical data trend for Equity Residential'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.

* Premium members only.

Equity Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.34

0.36

0.39

0.36

Equity Residential 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																0.33	0.39	0.36	0.36	0.35

Equity Residential COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1046.493	/	2873.964
	=	0.36

Equity Residential's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	252.135	/	727.5
	=	0.35

Equity Residential (NYSE:EQR) COGS-to-Revenue Explanation

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

Equity Residential'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	-	252.135 / 727.5
	=	65.34 %

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.

Equity Residential COGS-to-Revenue Related Terms

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Equity Residential (Equity Residential) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Residential (NYSE:EQR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

EQR:Germany E1QR34:Brazil

Address

Two North Riverside Plaza, Chicago, IL, USA, 60606

Website

https://www.equityapartments.com

Equity Residential owns a portfolio of 304 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.

Executives

David J Neithercut	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Michael L Manelis	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Mark S Shapiro	director	C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147
Mary Kay Haben	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Catherine Carraway	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 500, CHICAGO IL 60606
Alexander Brackenridge	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Ian Kaufman	officer: Chief Accounting Officer	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Scott Fenster	officer: EVP & General Counsel	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Robert Garechana	officer: EVP & Chief Financial Officer	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Christa L Sorenson	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Linda Bynoe	director	980 N. MICHIGAN AVE, SUITE 1400, CHICAGO IL 60611
Angela M Aman	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Raymond Bennett	director	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Stephen E Sterrett	director	115 W WASHINGTON ST, INDIANAPOLIS IN 46204
Bradley A Keywell	director