American Axle & Mfg Holdings (American Axle & Mfg Holdings) COGS-to-Revenue

: 0.89 (As of Dec. 2023)

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American Axle & Mfg Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,308 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,463 Mil.

American Axle & Mfg Holdings's COGS to Revenue for the three months ended in Dec. 2023 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. American Axle & Mfg Holdings's Gross Margin % for the three months ended in Dec. 2023 was 10.59%.

American Axle & Mfg Holdings COGS-to-Revenue Historical Data

The historical data trend for American Axle & Mfg Holdings'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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American Axle & Mfg Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.86

0.88

0.86

0.88

0.90

American Axle & Mfg Holdings 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																0.88	0.89	0.89	0.92	0.89

American Axle & Mfg Holdings COGS-to-Revenue Calculation

American Axle & Mfg Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5455.2	/	6079.5
	=	0.90

American Axle & Mfg Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1308.1	/	1463
	=	0.89

American Axle & Mfg Holdings (NYSE:AXL) COGS-to-Revenue Explanation

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

American Axle & Mfg Holdings'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	-	1308.1 / 1463
	=	10.59 %

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.

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American Axle & Mfg Holdings (American Axle & Mfg Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » American Axle & Mfg Holdings Inc (NYSE:AXL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

AYA:Germany

Address

One Dauch Drive, Detroit, MI, USA, 48211-1198

Website

https://www.aam.com

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.

Executives

Terri M. Kemp	officer: Senior VP Human Resources	ONE DAUCH DRIVE, DETROIT MI 48211
Matthew K. Paroly	officer: VP & General Counsel	ONE DAUCH DRIVE, DETROIT MI 48211
Norman Willemse	officer: VP, Metal Form Prod. Bus. Unit	ONE DAUCH DRIVE, DETROIT MI 48211-1198
James A Mccaslin	director
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Tolga I Oal	officer: President, AAM North America	201 ISABELLA STREET, PITTSTBURGH PA 15212
Alberto L Satine	officer: VP-Procurement	ONE DAUCH DRIVE, DETROIT MI 48211
Sandra E. Pierce	director	2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Miller William P Ii	director	20 S. WACKER DR., CHICAGO IL 60606
Michael Joseph Lynch	officer: VP Finance & Controller	ONE DAUCH DRIVE, DETROIT MI 48211
Michael K Simonte	officer: VP & Treasurer	ONE DAUCH DRIVE, DETROIT MI 48211-1198
Bowes Timothy Earl Joseph	officer: Senior VP Corporate Planning	2135 WEST MAPLE ROAD, TROY MI 48084
Elizabeth Anne Chappell	director	ONE DAUCH DRIVE, DETROIT MI 48211
Christopher John May	officer: VP & CFO	ONE DAUCH DRIVE, DETROIT MI 48211