Valero Energy (Valero Energy) COGS-to-Revenue : 0.95 (As of Dec. 2023)

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What is Valero Energy COGS-to-Revenue?

Valero Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $33,551 Mil. Its Revenue for the three months ended in Dec. 2023 was $35,414 Mil.

Valero Energy's COGS to Revenue for the three months ended in Dec. 2023 was 0.95.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Valero Energy's Gross Margin % for the three months ended in Dec. 2023 was 5.26%.

Valero Energy COGS-to-Revenue Historical Data

The historical data trend for Valero Energy'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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Valero Energy COGS-to-Revenue Chart

Valero Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.96

1.01

0.97

0.91

Valero Energy 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															0.89	0.88	0.91	0.90	0.95

Valero Energy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	131877	/	144766
	=	0.91

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	33551	/	35414
	=	0.95

Valero Energy (NYSE:VLO) COGS-to-Revenue Explanation

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

Valero Energy'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	-	33551 / 35414
	=	5.26 %

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.

Valero Energy COGS-to-Revenue Related Terms

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Valero Energy (Valero Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Valero Energy Corp (NYSE:VLO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

VLO:Mexico V1L:Germany V1L:Germany VLOE34:Brazil

Address

One Valero Way, San Antonio, TX, USA, 78249

Website

https://www.valero.com

Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.

Executives

Joseph W Gorder	director, officer: COB & CEO	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Rayford Jr Wilkins	director	208 S. AKARD ST., --, DALLAS TX 75202
Marie A Ffolkes	director	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Kimberly S, Greene	director	30 IVAN ALLEN JR. BLVD., NW, ATLANTA GA 30308
Philip J. Pfeiffer	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Deborah P Majoras	director	ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Robert Profusek	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Donald L Nickles	director	6100 N WESTERN AVENUE, P O BOX 18496, OKLAHOMA CITY OK 73118
Gary K. Simmons	officer: EVP & CCO	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
R. Lane Riggs	officer: EVP and COO	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Fred M Diaz	director	9614 AMALFI CT, BRENTWOOD TN 37027
Paulett Eberhart	director	C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Cheryl L. Thomas	officer: SVP & CTO	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Richard Joe Walsh	officer: SVP and GC	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Jason W. Fraser	officer: EVP and CFO	P.O. BOX 696000, SAN ANTONIO TX 78269-6000