Highwoods Properties (Highwoods Properties) COGS-to-Revenue : 0.33 (As of Mar. 2024)

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What is Highwoods Properties COGS-to-Revenue?

Highwoods Properties's Cost of Goods Sold for the three months ended in Mar. 2024 was $70.4 Mil. Its Revenue for the three months ended in Mar. 2024 was $211.3 Mil.

Highwoods Properties's COGS to Revenue for the three months ended in Mar. 2024 was 0.33.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Highwoods Properties's Gross Margin % for the three months ended in Mar. 2024 was 66.66%.

Highwoods Properties COGS-to-Revenue Historical Data

The historical data trend for Highwoods 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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Highwoods Properties COGS-to-Revenue Chart

Highwoods Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.34

0.31

0.32

Highwoods Properties 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															0.31	0.32	0.32	0.34	0.33

Highwoods Properties COGS-to-Revenue Calculation

Highwoods 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
	=	268.782	/	833.997
	=	0.32

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	70.435	/	211.275
	=	0.33

Highwoods Properties (NYSE:HIW) COGS-to-Revenue Explanation

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

Highwoods Properties'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	-	70.435 / 211.275
	=	66.66 %

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.

Highwoods Properties COGS-to-Revenue Related Terms

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Highwoods Properties (Highwoods Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Highwoods Properties Inc (NYSE:HIW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Fayetteville Street, Suite 1400, Raleigh, NC, USA, 27601

Website

https://www.highwoods.com

Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.

Executives

Brian M Leary	officer: EVP & COO	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Theodore J Klinck	officer: VP/Chief Investment Officer	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Brendan C Maiorana	officer: EVP of Finance & IR	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Jeffrey Douglas Miller	officer: General Counsel & Sec.	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
David L Gadis	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Mark F Mulhern	director	410 S. WILMINGTON STREET, RALEIGH NC 27601
David John Hartzell	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Thomas P Anderson	director	3751 GRISSOM PARKWAY, SUITE 100, MYRTLE BEACH SC 29577
Carlos E Evans	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27616
Anne H Lloyd	director
Sherry A Kellett	director
Edward J Fritsch	director, officer: EVP & COO
Kevin E Penn	officer: VP/Chief Strategy & Admin	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael E Harris	officer: Sr. Vice President
Terry L Stevens	officer: VP, CFO & Treasurer	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604