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Manufactured Housing Properties's cost of goods sold for the three months ended in Sep. 2023 was $0.83 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2023 was $2.73 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Manufactured Housing Properties's Gross Margin % for the three months ended in Sep. 2023 was 82.31%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Manufactured Housing Properties's Cost of Goods Sold 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.
Manufactured Housing Properties Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 0.22 | 0.43 | 0.71 | 1.05 | 2.16 |
Manufactured Housing Properties Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 0.50 | 0.60 | 0.61 | 0.69 | 0.83 |
Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.
Cost of Goods Sold for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.73 Mil.
* 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.
Manufactured Housing Properties (OTCPK:MHPC) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Manufactured Housing Properties's Gross Margin % for the three months ended in Sep. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (4.702 | - | 0.832) | / | 4.702 | |
= | 82.31 % |
* 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.
Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:
Manufactured Housing Properties's Inventory Turnover for the three months ended in Sep. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 0.832 | / | 0 | |
= | N/A |
* 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.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Manufactured Housing Properties's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Vira Turchinyak | officer: Chief Financial Officer | C/O MANUFACTURED HOUSING PROPERTIES, INC, 136 MAIN STREET, PINEVILLE NC 28134 |
Julia Pererva | officer: Chief Operating Officer | 136 MAIN STREET, PINEVILLE NC 28134 |
Wardlaw John Waller Iii | director, officer: President | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
James Lambert Johnson | director | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Chelsea Howlett Gee | officer: Vice President of Finance | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Richard M Gee | director | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Robert Joseph Jackson | 10 percent owner | 743 JETTON STREET, DAVIDSON NC 28036 |
Metrolina Loan Holdings, Llc | 10 percent owner | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Andrew Coatley | officer: Chief Operating Officer | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Terry Robertson | director | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Gvest Real Estate Capital Llc | 10 percent owner | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
William Henry Carter | director | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Adam A Martin | officer: Chief Investment Officer | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Raymond M Gee | director, 10 percent owner, officer: Chairman and CEO | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
Michael Z Anise | director, officer: Chief Financial Officer | C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134 |
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