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Meritage Homes's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,093 Mil. Its Revenue for the three months ended in Mar. 2024 was $1,471 Mil.
Meritage Homes's COGS to Revenue for the three months ended in Mar. 2024 was 0.74.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meritage Homes's Gross Margin % for the three months ended in Mar. 2024 was 25.65%.
The historical data trend for Meritage Homes'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.
Meritage Homes Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
COGS-to-Revenue | Get a 7-Day Free Trial | 0.81 | 0.78 | 0.72 | 0.71 | 0.75 |
Meritage Homes 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 | 0.78 | 0.76 | 0.73 | 0.75 | 0.74 |
Meritage Homes's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 4618.585 | / | 6137.607 | |
= | 0.75 |
Meritage Homes's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 1093.439 | / | 1470.714 | |
= | 0.74 |
* 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.
Meritage Homes (NYSE:MTH) COGS-to-Revenue Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Meritage Homes'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 | - | 1093.439 / 1470.714 | |
= | 25.65 % |
* 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.
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.
Thank you for viewing the detailed overview of Meritage Homes's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillippe Lord | officer: EXECUTIVE VICE PRESIDENT | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Peter L Ax | director | |
Alison Sasser | officer: SVP - Chief Accounting Officer | 8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Hilla Sferruzza | officer: Chief Accounting Officer | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Javier Feliciano | officer: EVP Chief Human Resources Off | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Dennis V Arriola | director | 162 CANCO ROAD, PORTLAND ME 04103 |
R. Odell Michael | director | 3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130 |
Gerald W Haddock | director | C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057 |
Raymond Oppel | director | |
Steven J Hilton | officer: Chief Executive Officer | 6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250 |
Clinton Szubinski | officer: EVP - Chief Operating Officer | 8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260 |
Malissia Clinton | officer: EVP - Gen. Counsel, Secretary | 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730 |
Louis E Caldera | director | C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237 |
C Timothy White | officer: EVP - Gen. Counsel, Secretary | |
Dana Bradford | director | BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112 |
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