True North Commercial REIT (TSX:TNT.UN) COGS-to-Revenue : 0.47 (As of Dec. 2023)

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What is True North Commercial REIT COGS-to-Revenue?

True North Commercial REIT's Cost of Goods Sold for the three months ended in Dec. 2023 was C$15.5 Mil. Its Revenue for the three months ended in Dec. 2023 was C$32.9 Mil.

True North Commercial REIT's COGS to Revenue for the three months ended in Dec. 2023 was 0.47.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. True North Commercial REIT's Gross Margin % for the three months ended in Dec. 2023 was 52.78%.

True North Commercial REIT COGS-to-Revenue Historical Data

The historical data trend for True North Commercial REIT'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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True North Commercial REIT COGS-to-Revenue Chart

True North Commercial REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.42

0.40

0.45

True North Commercial REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.42	0.45	0.43	0.45	0.47

True North Commercial REIT COGS-to-Revenue Calculation

True North Commercial REIT's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	59.656	/	132.204
	=	0.45

True North Commercial REIT's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	15.521	/	32.867
	=	0.47

True North Commercial REIT (TSX:TNT.UN) COGS-to-Revenue Explanation

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

True North Commercial REIT's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	15.521 / 32.867
	=	52.78 %

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.

True North Commercial REIT COGS-to-Revenue Related Terms

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True North Commercial REIT (TSX:TNT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » True North Commercial REIT (TSX:TNT.UN) » Definitions » COGS-to-Revenue

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TUERF:USA

Address

3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3

Website

https://www.truenorthreit.com

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires commercial real estate in Canada. The objective is to maximize the total profit for shareholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.

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