Innovative Industrial Properties (Innovative Industrial Properties) COGS-to-Revenue : 0.09 (As of Dec. 2023)

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What is Innovative Industrial Properties COGS-to-Revenue?

Innovative Industrial Properties's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.19 Mil. Its Revenue for the three months ended in Dec. 2023 was $79.16 Mil.

Innovative Industrial Properties's COGS to Revenue for the three months ended in Dec. 2023 was 0.09.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Innovative Industrial Properties's Gross Margin % for the three months ended in Dec. 2023 was 90.91%.

Innovative Industrial Properties COGS-to-Revenue Historical Data

The historical data trend for Innovative Industrial Properties'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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Innovative Industrial Properties COGS-to-Revenue Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.03

0.04

0.02

0.04

0.08

Innovative Industrial Properties 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															0.05	0.07	0.08	0.08	0.09

Innovative Industrial Properties COGS-to-Revenue Calculation

Innovative Industrial Properties's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	24.893	/	309.506
	=	0.08

Innovative Industrial Properties's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.193	/	79.156
	=	0.09

Innovative Industrial Properties (NYSE:IIPRpA.PFD) COGS-to-Revenue Explanation

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

Innovative Industrial Properties'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	-	7.193 / 79.156
	=	90.91 %

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.

Innovative Industrial Properties COGS-to-Revenue Related Terms

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Innovative Industrial Properties (Innovative Industrial Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (NYSE:IIPRpA.PFD) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

IIPR:USA 1IK:Germany

Address

1389 Center Drive, Suite 220, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.