MIRAI (TSE:3476) COGS-to-Revenue : 0.46 (As of Apr. 2023)

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What is MIRAI COGS-to-Revenue?

MIRAI's Cost of Goods Sold for the six months ended in Apr. 2023 was 円2,902 Mil. Its Revenue for the six months ended in Apr. 2023 was 円6,309 Mil.

MIRAI's COGS to Revenue for the six months ended in Apr. 2023 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MIRAI's Gross Margin % for the six months ended in Apr. 2023 was 54.01%.

MIRAI COGS-to-Revenue Historical Data

The historical data trend for MIRAI'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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MIRAI COGS-to-Revenue Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

COGS-to-Revenue

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0.42

0.40

0.43

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
COGS-to-Revenue	Get a 7-Day Free Trial									0.43	0.43	0.42	0.44	0.46

MIRAI COGS-to-Revenue Calculation

MIRAI's COGS to Revenue for the fiscal year that ended in Oct. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4697.143	/	10941.393
	=	0.43

MIRAI's COGS to Revenue for the quarter that ended in Apr. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2901.732	/	6308.962
	=	0.46

MIRAI (TSE:3476) COGS-to-Revenue Explanation

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

MIRAI's Gross Margin % for the six months ended in Apr. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2901.732 / 6308.962
	=	54.01 %

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.

MIRAI COGS-to-Revenue Related Terms

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MIRAI (TSE:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (TSE:3476) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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