Mainstreet Equity (TSX:MEQ) COGS-to-Revenue : 0.39 (As of Mar. 2024)

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What is Mainstreet Equity COGS-to-Revenue?

Mainstreet Equity's Cost of Goods Sold for the three months ended in Mar. 2024 was C$24.0 Mil. Its Revenue for the three months ended in Mar. 2024 was C$61.1 Mil.

Mainstreet Equity's COGS to Revenue for the three months ended in Mar. 2024 was 0.39.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mainstreet Equity's Gross Margin % for the three months ended in Mar. 2024 was 60.78%.

Mainstreet Equity COGS-to-Revenue Historical Data

The historical data trend for Mainstreet Equity'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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Mainstreet Equity COGS-to-Revenue Chart

Mainstreet Equity Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

COGS-to-Revenue

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0.37

0.38

0.39

0.37

Mainstreet Equity 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															0.41	0.37	0.34	0.37	0.39

Mainstreet Equity COGS-to-Revenue Calculation

Mainstreet Equity's COGS to Revenue for the fiscal year that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	78.721	/	210.028
	=	0.37

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	23.961	/	61.098
	=	0.39

Mainstreet Equity (TSX:MEQ) COGS-to-Revenue Explanation

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

Mainstreet Equity'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	-	23.961 / 61.098
	=	60.78 %

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.

Mainstreet Equity COGS-to-Revenue Related Terms

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Mainstreet Equity (TSX:MEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (TSX:MEQ) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MEQYF:USA

Address

10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2

Website

https://www.mainst.biz

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.

Executives

Richard Grimaldi

Director

Mainstreet Equity (TSX:MEQ) Headlines

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