Parkit Enterprise (Parkit Enterprise) COGS-to-Revenue : 0.38 (As of Mar. 2024)

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What is Parkit Enterprise COGS-to-Revenue?

Parkit Enterprise's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.93 Mil. Its Revenue for the three months ended in Mar. 2024 was $5.04 Mil.

Parkit Enterprise's COGS to Revenue for the three months ended in Mar. 2024 was 0.38.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Parkit Enterprise's Gross Margin % for the three months ended in Mar. 2024 was 61.73%.

Parkit Enterprise COGS-to-Revenue Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise COGS-to-Revenue Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.23

0.43

0.47

0.39

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.41	0.40	0.37	0.38	0.38

Parkit Enterprise COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.698	/	17.238
	=	0.39

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.929	/	5.041
	=	0.38

Parkit Enterprise (OTCPK:PKTEF) COGS-to-Revenue Explanation

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

Parkit Enterprise'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	-	1.929 / 5.041
	=	61.73 %

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.

Parkit Enterprise COGS-to-Revenue Related Terms

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Parkit Enterprise (Parkit Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (OTCPK:PKTEF) » Definitions » COGS-to-Revenue

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PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.