Liberty Formula One Group (Liberty Formula One Group) COGS-to-Revenue : 0.73 (As of Dec. 2023)

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What is Liberty Formula One Group COGS-to-Revenue?

Liberty Formula One Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $900 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,230 Mil.

Liberty Formula One Group's COGS to Revenue for the three months ended in Dec. 2023 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Liberty Formula One Group's Gross Margin % for the three months ended in Dec. 2023 was 26.83%.

Liberty Formula One Group COGS-to-Revenue Historical Data

The historical data trend for Liberty Formula One Group'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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Liberty Formula One Group COGS-to-Revenue Chart

Liberty Formula One Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.69

0.85

0.70

0.68

0.70

Liberty Formula One Group 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															0.70	0.52	0.72	0.69	0.73

Liberty Formula One Group COGS-to-Revenue Calculation

Liberty Formula One Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2240	/	3222
	=	0.70

Liberty Formula One Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	900	/	1230
	=	0.73

Liberty Formula One Group (NAS:FWONA) COGS-to-Revenue Explanation

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

Liberty Formula One Group'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	-	900 / 1230
	=	26.83 %

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.

Liberty Formula One Group COGS-to-Revenue Related Terms

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Liberty Formula One Group (Liberty Formula One Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Liberty Formula One Group (NAS:FWONA) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FWONB:USA FWONK:USA LM0F:Germany

Address

12300 Liberty Boulevard, Englewood, CO, USA, 80112

Website

http://www.libertymedia.com

Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.