Melco Resorts and Entertainment (Melco Resorts and Entertainment) COGS-to-Revenue

: 0.63 (As of Dec. 2023)

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Melco Resorts and Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was $685 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,094 Mil.

Melco Resorts and Entertainment's COGS to Revenue for the three months ended in Dec. 2023 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Melco Resorts and Entertainment's Gross Margin % for the three months ended in Dec. 2023 was 37.33%.

Melco Resorts and Entertainment COGS-to-Revenue Historical Data

The historical data trend for Melco Resorts and Entertainment'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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Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.63

0.89

0.74

0.79

0.63

Melco Resorts and Entertainment 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															0.79	0.62	0.63	0.62	0.63

Melco Resorts and Entertainment COGS-to-Revenue Calculation

Melco Resorts and Entertainment's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2362.681	/	3775.247
	=	0.63

Melco Resorts and Entertainment's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	685.348	/	1093.613
	=	0.63

Melco Resorts and Entertainment (NAS:MLCO) COGS-to-Revenue Explanation

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

Melco Resorts and Entertainment'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	-	685.348 / 1093.613
	=	37.33 %

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.

Melco Resorts and Entertainment COGS-to-Revenue Related Terms

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Melco Resorts and Entertainment (Melco Resorts and Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (NAS:MLCO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

0A2P:UK M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.