Wheaton Precious Metals (Wheaton Precious Metals) COGS-to-Revenue

: 0.43 (As of Dec. 2023)

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Wheaton Precious Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $136 Mil. Its Revenue for the three months ended in Dec. 2023 was $313 Mil.

Wheaton Precious Metals's COGS to Revenue for the three months ended in Dec. 2023 was 0.43.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Wheaton Precious Metals's Gross Margin % for the three months ended in Dec. 2023 was 56.52%.

Wheaton Precious Metals COGS-to-Revenue Historical Data

The historical data trend for Wheaton Precious Metals'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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Wheaton Precious Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.47

0.45

0.47

0.44

Wheaton Precious Metals 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															0.49	0.45	0.43	0.43	0.43

Wheaton Precious Metals COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	442.605	/	1016.045
	=	0.44

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	136.284	/	313.472
	=	0.43

Wheaton Precious Metals (NYSE:WPM) COGS-to-Revenue Explanation

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

Wheaton Precious Metals'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	-	136.284 / 313.472
	=	56.52 %

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.

Wheaton Precious Metals COGS-to-Revenue Related Terms

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Wheaton Precious Metals (Wheaton Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wheaton Precious Metals Corp (NYSE:WPM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

WPM:UK SII:Germany SII:Germany SII:Germany SII:Germany WPM:Canada

Address

1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3

Website

https://www.wheatonpm.com

Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.