Finning International (Finning International) COGS-to-Revenue : 0.76 (As of Dec. 2023)

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What is Finning International COGS-to-Revenue?

Finning International's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,509 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,986 Mil.

Finning International's COGS to Revenue for the three months ended in Dec. 2023 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Finning International's Gross Margin % for the three months ended in Dec. 2023 was 24.02%.

Finning International COGS-to-Revenue Historical Data

The historical data trend for Finning International'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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Finning International COGS-to-Revenue Chart

Finning International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.75

0.76

Finning International 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															0.76	0.74	0.76	0.76	0.76

Finning International COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5926.506	/	7846.601
	=	0.76

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1508.647	/	1985.689
	=	0.76

Finning International (OTCPK:FINGF) COGS-to-Revenue Explanation

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

Finning International'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	-	1508.647 / 1985.689
	=	24.02 %

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.

Finning International COGS-to-Revenue Related Terms

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Finning International (Finning International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Finning International Inc (OTCPK:FINGF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CIH:Germany FTT:Canada

Address

19100 94th Avenue, Surrey, BC, CAN, V4N 5C3

Website

https://www.finning.com

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery. The company operates in Canada, South America, UK and Ireland, and others.