PFSI (PennyMac Financial Services) COGS-to-Revenue : 0.62 (As of Sep. 2024)

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What is PennyMac Financial Services COGS-to-Revenue?

PennyMac Financial Services's Cost of Goods Sold for the three months ended in Sep. 2024 was $390 Mil. Its Revenue for the three months ended in Sep. 2024 was $629 Mil.

PennyMac Financial Services's COGS to Revenue for the three months ended in Sep. 2024 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. PennyMac Financial Services's Gross Margin % for the three months ended in Sep. 2024 was 37.97%.

PennyMac Financial Services COGS-to-Revenue Historical Data

The historical data trend for PennyMac Financial Services'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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PennyMac Financial Services COGS-to-Revenue Chart

PennyMac Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.47

0.30

0.40

0.44

0.58

PennyMac Financial Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.53	0.60	0.61	0.51	0.62

PennyMac Financial Services COGS-to-Revenue Calculation

PennyMac Financial Services's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1191.655	/	2039.121
	=	0.58

PennyMac Financial Services's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	390.369	/	629.363
	=	0.62

PennyMac Financial Services (NYSE:PFSI) COGS-to-Revenue Explanation

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

PennyMac Financial Services's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	390.369 / 629.363
	=	37.97 %

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.

PennyMac Financial Services COGS-to-Revenue Related Terms

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PennyMac Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PennyMac Financial Services Inc (NYSE:PFSI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

1AC:Germany

Address

3043 Townsgate Road, Suite 200, Westlake Village, CA, USA, 91361

Website

https://ir.pennymacfinancial.com

PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The company operates through three segments: production, servicing, and investment management. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. The company generates the majority of revenue from its mortgage banking business.

Executives

Gregory L Hendry	officer: MD, Chief Accounting Officer	3300 LAKE AVENUE, ALTADENA CA 91001
Daniel Stanley Perotti	officer: Chief Financial Officer	C/O PENNYMAC, 6101 CONDOR DRIVE, MOORPARK CA 93021
David Spector	director, officer: Chairman & CEO	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Steven Richard Bailey	officer: Chief Servicing Officer	C/O PENNYMAC, 6101 CONDOR DRIVE, MOORPARK CA 93021
James K Hunt	director	THL CREDIT GROUP, 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Anne Mccallion	director	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Joseph F Mazzella	director	C/O HIGHFIELDS CAPITAL MANAGEMENT LP, 200 CLARENDON STREET, BOSTON MA 02116
Doug Jones	officer: Chief Mtge Bnkg Ofcr	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Derek Stark	officer: Chief Legal Officer	4500 PARK GRANADA, CALABASAS CA 91302
James Follette	officer: Chief Mort Fulfillment Off.	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
William Herbert Chang	officer: Chief Capital Markets Officer	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Patrick Kinsella	director	C/O PENNYMAC, 6101 CONDOR DRIVE, MOORPARK CA 93021
Donald J. White	officer: Chief Risk Officer	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Vandad Fartaj	officer: Chief Investment Officer	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Mfn Partners, Lp	director	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116