ArcelorMittal (ArcelorMittal) COGS-to-Revenue

: 4.23 (As of Dec. 2023)

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ArcelorMittal's Cost of Goods Sold for the three months ended in Dec. 2023 was $61,566 Mil. Its Revenue for the three months ended in Dec. 2023 was $14,552 Mil.

ArcelorMittal's COGS to Revenue for the three months ended in Dec. 2023 was 4.23.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ArcelorMittal's Gross Margin % for the three months ended in Dec. 2023 was -323.08%.

ArcelorMittal COGS-to-Revenue Historical Data

The historical data trend for ArcelorMittal'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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ArcelorMittal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.98

0.92

0.75

0.84

0.93

ArcelorMittal 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																3.87	-	0.04	0.04	4.23

ArcelorMittal COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	63538	/	68275
	=	0.93

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	61566	/	14552
	=	4.23

ArcelorMittal (NYSE:MT) COGS-to-Revenue Explanation

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

ArcelorMittal'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	-	61566 / 14552
	=	-323.08 %

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.

ArcelorMittal COGS-to-Revenue Related Terms

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ArcelorMittal (ArcelorMittal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal SA (NYSE:MT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

AMSYF:USA MT:Netherlands MT:Mexico MTa:UK 0RP9:UK MTS:Spain ARRD:Germany ARMT34:Brazil MT:Austria

Address

24-26, Boulevard d’Avranches, Luxembourg, LUX, L-1160

Website

http://www.arcelormittal.com

ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from Brazil.