CMS Energy (CMS Energy) COGS-to-Revenue

: 0.57 (As of Dec. 2023)

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CMS Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,117 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,950 Mil.

CMS Energy's COGS to Revenue for the three months ended in Dec. 2023 was 0.57.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CMS Energy's Gross Margin % for the three months ended in Dec. 2023 was 42.72%.

CMS Energy COGS-to-Revenue Historical Data

The historical data trend for CMS Energy'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.

* Premium members only.

CMS Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.63

0.59

0.64

0.68

0.62

CMS Energy 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																0.71	0.65	0.62	0.63	0.57

CMS Energy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4600	/	7462
	=	0.62

CMS Energy's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1117	/	1950
	=	0.57

CMS Energy (NYSE:CMS) COGS-to-Revenue Explanation

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

CMS Energy'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	-	1117 / 1950
	=	42.72 %

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.

CMS Energy COGS-to-Revenue Related Terms

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CMS Energy (CMS Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CMS Energy Corp (NYSE:CMS) » Definitions » COGS-to-Revenue

Comparable Companies

CNP AEE PPL ES AGR FE ETR LNT DTE EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

CMSpC.PFD:USA CMS1:Mexico CSG:Germany CSG:Germany

Address

One Energy Plaza, Jackson, MI, USA, 49201

Website

https://www.cmsenergy.com

CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.

Executives

Brandon J. Hofmeister	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Brian F Rich	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
John G Russell	director	ONE ENERGY PLAZA, JACKSON MI 49201
Jon E Barfield	director	1255 COTTINGHAM RO HOME, BLOOMFIELD HILLS MI 48304
Catherine A Hendrian	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Ralph Izzo	director	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Shaun M Johnson	officer: SVP and General Counsel	ONE ENERGY PLAZA, JACKSON MI 49201
Scott B Mcintosh	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
Dhenuvakonda Rao Venkat	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Tonya L Berry	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Jean-francois Brossoit	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Glenn P Barba	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
William D Harvey	director	5 SHADE TREE COURT, MADISON WI 53717
Ronald J Tanski	director	NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
Kurt L Darrow	director	ONE LA-Z-BOY DRIVE, MONROE MI 48162