Miller Industries (Miller Industries) COGS-to-Revenue : 0.87 (As of Dec. 2023)

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What is Miller Industries COGS-to-Revenue?

Miller Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $258 Mil. Its Revenue for the three months ended in Dec. 2023 was $296 Mil.

Miller Industries's COGS to Revenue for the three months ended in Dec. 2023 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Miller Industries's Gross Margin % for the three months ended in Dec. 2023 was 13.04%.

Miller Industries COGS-to-Revenue Historical Data

The historical data trend for Miller Industries'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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Miller Industries COGS-to-Revenue Chart

Miller Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.88

0.90

0.87

Miller Industries 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															0.89	0.89	0.87	0.84	0.87

Miller Industries COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1001.5	/	1153.354
	=	0.87

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	257.606	/	296.246
	=	0.87

Miller Industries (NYSE:MLR) COGS-to-Revenue Explanation

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

Miller Industries'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	-	257.606 / 296.246
	=	13.04 %

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.

Miller Industries COGS-to-Revenue Related Terms

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Miller Industries (Miller Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Miller Industries Inc (NYSE:MLR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

8503 Hilltop Drive, Ooltewah, TN, USA, 37363

Website

https://www.millerind.com

Miller Industries Inc is engaged in the manufacturing of vehicle towing and recovery equipment. The company produces wreckers, car carriers, and trailer bodies under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. The products are sold primarily in North America, Canada, and Mexico through independent distributors.

Executives

Jill Sutton	director	313 IRON HORSE WAY, PROVIDENCE RI 02908
Peter Lee Jackson	director	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Javier A Reyes	director	65 FALLING WATER LANE, MORGANTOWN WV 26508
Susan E Sweeney	director	5605 CARNEGIE BLVD. SUITE 500, CHARLOTTE NC 28209
Jeffrey I Badgley	officer: Co-CEO
Miller William G. Ii	director, officer: CEO and President	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Josias W. Reyneke	officer: Chief Information Officer	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Deborah L Whitmire	director, officer: Chief Financial Officer	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Frank Madonia	officer: Executive VP, Secretary & GC
Vincent J. Tiano	officer: Vice President and CRO	8515 CAVANAUGH LANE, HIXSON TN 37343
Jamison Linden	officer: Vice President and CMO	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Leigh Walton	director	150 THIRD AVENUE SOUTH, SUITE 2800, NASHVILLE TN 37201
Ashford Theodore H. Iii	director	909 STUART ROAD, WILMINGTON DE 19807
Richard H Roberts	director	C/O MILLER INDUSTRIES, INC., 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Chandler A Russell Iii	director	C/O KILPATRICK STOCKTON LLP, 110 PEACHTREE STREET SUITE 2800, ATLANTA GA 30309