Grupo SimecB de CV (Grupo SimecB de CV) COGS-to-Revenue : 0.71 (As of Dec. 2023)

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What is Grupo SimecB de CV COGS-to-Revenue?

Grupo SimecB de CV's Cost of Goods Sold for the three months ended in Dec. 2023 was $370 Mil. Its Revenue for the three months ended in Dec. 2023 was $519 Mil.

Grupo SimecB de CV's COGS to Revenue for the three months ended in Dec. 2023 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Grupo SimecB de CV's Gross Margin % for the three months ended in Dec. 2023 was 28.73%.

Grupo SimecB de CV COGS-to-Revenue Historical Data

The historical data trend for Grupo SimecB de CV'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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Grupo SimecB de CV COGS-to-Revenue Chart

Grupo SimecB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.88

0.81

0.72

0.73

0.74

Grupo SimecB de CV 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															0.73	0.75	0.74	0.76	0.71

Grupo SimecB de CV COGS-to-Revenue Calculation

Grupo SimecB de CV's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1802.041	/	2428.197
	=	0.74

Grupo SimecB de CV's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	370.131	/	519.337
	=	0.71

Grupo SimecB de CV (AMEX:SIM) COGS-to-Revenue Explanation

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

Grupo SimecB de CV'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	-	370.131 / 519.337
	=	28.73 %

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.

Grupo SimecB de CV COGS-to-Revenue Related Terms

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Grupo SimecB de CV (Grupo SimecB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grupo Simec SAB de CV (AMEX:SIM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SIMECB:Mexico 4FV:Germany

Address

Calzada Lazaro Cardenas 601, Colonia La Nogalera, Guadalajara, JAL, MEX, 44440

Website

https://www.gsimec.com.mx

Grupo Simec SAB de CV is a diversified manufacturer, processor, and distributor of special bar quality, or SBQ, steel, and structural steel products. The United States, Brazil, and Mexico are the biggest markets for the company. The company's SBQ products are used across a broad range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. The company's structural steel products are mainly used in the non-residential construction market and other construction applications.