LGI Homes (LTS:0JSI) COGS-to-Revenue : 0.77 (As of Mar. 2024)

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What is LGI Homes COGS-to-Revenue?

LGI Homes's Cost of Goods Sold for the three months ended in Mar. 2024 was $299 Mil. Its Revenue for the three months ended in Mar. 2024 was $391 Mil.

LGI Homes's COGS to Revenue for the three months ended in Mar. 2024 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. LGI Homes's Gross Margin % for the three months ended in Mar. 2024 was 23.39%.

LGI Homes COGS-to-Revenue Historical Data

The historical data trend for LGI 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.

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LGI Homes COGS-to-Revenue Chart

LGI Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.76

0.75

0.73

0.72

0.77

LGI 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															0.80	0.78	0.74	0.77	0.77

LGI Homes COGS-to-Revenue Calculation

LGI 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
	=	1816.393	/	2358.58
	=	0.77

LGI Homes's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	299.45	/	390.851
	=	0.77

LGI Homes (LTS:0JSI) COGS-to-Revenue Explanation

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

LGI 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	-	299.45 / 390.851
	=	23.39 %

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.

LGI Homes COGS-to-Revenue Related Terms

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LGI Homes (LTS:0JSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » LGI Homes Inc (LTS:0JSI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LGIH:USA LG1:Germany

Address

1450 Lake Robbins Drive, Suite 430, The Woodlands, TX, USA, 77380

Website

https://www.lgihomes.com

LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.

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