Onto Innovation (Onto Innovation) COGS-to-Revenue : 0.51 (As of Dec. 2023)

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What is Onto Innovation COGS-to-Revenue?

Onto Innovation's Cost of Goods Sold for the three months ended in Dec. 2023 was $110.9 Mil. Its Revenue for the three months ended in Dec. 2023 was $218.9 Mil.

Onto Innovation's COGS to Revenue for the three months ended in Dec. 2023 was 0.51.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Onto Innovation's Gross Margin % for the three months ended in Dec. 2023 was 49.33%.

Onto Innovation COGS-to-Revenue Historical Data

The historical data trend for Onto Innovation'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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Onto Innovation COGS-to-Revenue Chart

Onto Innovation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.56

0.50

0.46

0.48

Onto Innovation 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															0.46	0.47	0.47	0.48	0.51

Onto Innovation COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	395.614	/	815.868
	=	0.48

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	110.89	/	218.856
	=	0.51

Onto Innovation (NYSE:ONTO) COGS-to-Revenue Explanation

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

Onto Innovation'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	-	110.89 / 218.856
	=	49.33 %

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.

Onto Innovation COGS-to-Revenue Related Terms

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Onto Innovation (Onto Innovation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Onto Innovation Inc (NYSE:ONTO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NNM:Germany

Address

16 Jonspin Road, Wilmington, MA, USA, 01887

Website

https://www.ontoinnovation.com

Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Asia, and Europe, with China and South Korea the largest sources of total revenue.

Executives

Mark Slicer	officer: Chief Financial Officer	16 JONSPIN ROAD, WILMINGTON MA 01887
Robert Fiordalice	other: See Remarks	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Srinivas Vedula	officer: SVP, Customer Success	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Michael P Plisinski	director, officer: Chief Executive Officer	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
D Mayson Brooks	officer: VP, GM IBU	C/O ONTO INNOVATION INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Ju Jin	other: SEE REMARKS	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
David Brian Miller	director	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Karen M Rogge	director	APPLIED MICRO CIRCUITS CORP, 4555 GREAT AMERICA PARKWAY, SUITE 601, SANTA CLARA CA 95054
May Su	director	16 JONSPIN ROAD, WILMINGTON MA 01887
Ramil Yaldaei	officer: Chief Operating Officer	C/O ONTO INNOVATION INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Yoon Ah Oh	officer: General Counsel	16 JONSPIN ROAD, WILMINGTON MA 01887
James Harlow	officer: Chief Operating Officer	16 JONSPIN RD, WILMINGTON MA 01887
Stephen Douglas Kelley	director	1900 S. PRICE ROAD, CHANDLER AZ 85286
Steven R Roth	officer: SEE REMARKS	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Bruce C Rhine	director	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887