Audacy (Audacy) COGS-to-Revenue : 0.89 (As of Mar. 2024)

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What is Audacy COGS-to-Revenue?

Audacy's Cost of Goods Sold for the three months ended in Mar. 2024 was $232 Mil. Its Revenue for the three months ended in Mar. 2024 was $262 Mil.

Audacy's COGS to Revenue for the three months ended in Mar. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Audacy's Gross Margin % for the three months ended in Mar. 2024 was 11.20%.

Audacy COGS-to-Revenue Historical Data

The historical data trend for Audacy'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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Audacy COGS-to-Revenue Chart

Audacy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.73

0.86

0.80

0.82

0.87

Audacy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.90	0.89	0.86	0.83	0.89

Audacy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1014.078	/	1168.939
	=	0.87

Audacy's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	232.492	/	261.806
	=	0.89

Audacy (OTCPK:AUDAQ) COGS-to-Revenue Explanation

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

Audacy's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	232.492 / 261.806
	=	11.20 %

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.

Audacy COGS-to-Revenue Related Terms

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Audacy (Audacy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Audacy Inc (OTCPK:AUDAQ) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2400 Market Street, 4th Floor, Philadelphia, PA, USA, 19103

Website

https://www.audacyinc.com

Audacy Inc is a scaled, multi-platform audio content and entertainment company engaged in the segment of audio. It is a creator of original, premium audio. It brings people together around the news, sports, podcasts, and music that matter to them.

Executives

John David Crowley	officer: EVP & Chief Digital Officer	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
David J Field	director, officer: Chairman, President and CEO	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Monique Nelson	director	2400 MARKET STREET, FOURTH FLOOR, PHILADELPHIA PA 19103
Joel Hollander	director
David J Berkman	director	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
David Levy	director	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Mark R Laneve	director	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Susan K Neely	director	401 E. CITY AVENUE, SUITE 809, BALA CYNWYD PA 19004
Joseph M Field	director, 10 percent owner, officer: Chairman Emeritus	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Brian F Benedik	officer: Chief Revenue Officer	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Elizabeth Bramowski	officer: Principal Acctg Ofcr & Treasr	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Susan Larkin	officer: EVP & Chief Operating Officer	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Sutor Andrew P Iv	officer: Exec. Vice Pres. & Secretary	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Richard J Schmaeling	officer: CFO & EVP Strat. Initiatives	C/O AUDACY, INC., 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Louise C Kramer	director	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103