Thomson Reuters (Thomson Reuters) COGS-to-Revenue : 0.33 (As of Dec. 2023)

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What is Thomson Reuters COGS-to-Revenue?

Thomson Reuters's Cost of Goods Sold for the three months ended in Dec. 2023 was $603 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,815 Mil.

Thomson Reuters's COGS to Revenue for the three months ended in Dec. 2023 was 0.33.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Thomson Reuters's Gross Margin % for the three months ended in Dec. 2023 was 66.78%.

Thomson Reuters COGS-to-Revenue Historical Data

The historical data trend for Thomson Reuters'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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Thomson Reuters COGS-to-Revenue Chart

Thomson Reuters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.41

0.38

0.39

0.36

0.34

Thomson Reuters 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															0.36	-	0.34	0.34	0.33

Thomson Reuters COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2296	/	6794
	=	0.34

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	603	/	1815
	=	0.33

Thomson Reuters (NYSE:TRI) COGS-to-Revenue Explanation

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

Thomson Reuters'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	-	603 / 1815
	=	66.78 %

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.

Thomson Reuters COGS-to-Revenue Related Terms

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Thomson Reuters (Thomson Reuters) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thomson Reuters Corp (NYSE:TRI) » Definitions » COGS-to-Revenue

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Address

333 Bay Street, Suite 300, Toronto, ON, CAN, M5H 2R2

Website

https://www.thomsonreuters.com

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.