Public Storage (Public Storage) COGS-to-Revenue : 0.25 (As of Dec. 2023)

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What is Public Storage COGS-to-Revenue?

Public Storage's Cost of Goods Sold for the three months ended in Dec. 2023 was $290.83 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,159.87 Mil.

Public Storage's COGS to Revenue for the three months ended in Dec. 2023 was 0.25.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Public Storage's Gross Margin % for the three months ended in Dec. 2023 was 74.93%.

Public Storage COGS-to-Revenue Historical Data

The historical data trend for Public Storage'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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Public Storage COGS-to-Revenue Chart

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.28

0.30

0.27

0.25

Public Storage 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															0.24	0.26	0.25	0.25	0.25

Public Storage COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1147.946	/	4517.69
	=	0.25

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	290.831	/	1159.868
	=	0.25

Public Storage (NYSE:PSApA.CL.PFD) COGS-to-Revenue Explanation

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

Public Storage'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	-	290.831 / 1159.868
	=	74.93 %

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.

Public Storage COGS-to-Revenue Related Terms

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Public Storage (Public Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSApA.CL.PFD) » Definitions » COGS-to-Revenue

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Address

701 Western Avenue, Glendale, CA, USA, 91201-2349

Website

https://www.publicstorage.com

Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.