Heineken NV (Heineken NV) COGS-to-Revenue : 0.65 (As of Dec. 2023)

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What is Heineken NV COGS-to-Revenue?

Heineken NV's Cost of Goods Sold for the six months ended in Dec. 2023 was $11,312 Mil. Its Revenue for the six months ended in Dec. 2023 was $17,272 Mil.

Heineken NV's COGS to Revenue for the six months ended in Dec. 2023 was 0.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Heineken NV's Gross Margin % for the six months ended in Dec. 2023 was 34.51%.

Heineken NV COGS-to-Revenue Historical Data

The historical data trend for Heineken NV'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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Heineken NV COGS-to-Revenue Chart

Heineken NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.61

0.63

0.62

0.65

0.66

Heineken NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.63	0.64	0.66	0.67	0.65

Heineken NV COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	21894.221	/	33110.142
	=	0.66

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11311.887	/	17271.538
	=	0.65

Heineken NV (OTCPK:HEINY) COGS-to-Revenue Explanation

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

Heineken NV's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	11311.887 / 17271.538
	=	34.51 %

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.

Heineken NV COGS-to-Revenue Related Terms

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Heineken NV (Heineken NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Heineken NV (OTCPK:HEINY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HINKF:USA HEIA:Netherlands HEIA:Mexico HEIAa:UK 0O26:UK HNK1:Germany HEIA:Austria

Address

Tweede Weteringplantsoen 21, P.O. Box 28, Amsterdam, NH, NLD, 1000 AA

Website

https://www.theheinekencompany.com

Heineken sold 257 million hectolitres of beer in 2022, and is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer, and its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.