FirstCash Holdings (FRA:FF60) COGS-to-Revenue : 0.53 (As of Mar. 2024)

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What is FirstCash Holdings COGS-to-Revenue?

FirstCash Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €405 Mil. Its Revenue for the three months ended in Mar. 2024 was €769 Mil.

FirstCash Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.53.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. FirstCash Holdings's Gross Margin % for the three months ended in Mar. 2024 was 47.33%.

FirstCash Holdings COGS-to-Revenue Historical Data

The historical data trend for FirstCash Holdings'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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FirstCash Holdings COGS-to-Revenue Chart

FirstCash Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.45

0.44

0.46

0.54

0.52

FirstCash Holdings 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															0.54	0.53	0.51	0.51	0.53

FirstCash Holdings COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1508.059	/	2890.197
	=	0.52

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	405.287	/	769.46
	=	0.53

FirstCash Holdings (FRA:FF60) COGS-to-Revenue Explanation

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

FirstCash Holdings'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	-	405.287 / 769.46
	=	47.33 %

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.

FirstCash Holdings COGS-to-Revenue Related Terms

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FirstCash Holdings (FRA:FF60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FirstCash Holdings Inc (FRA:FF60) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FCFS:USA FF60:Germany

Address

1600 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.firstcash.com

FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores. Revenue is split almost equally between loans made in the United States, where the company has more than 300 retail locations, and loans made in Latin America, where the company has over 700 locations in Mexico and several more in Guatemala.

FirstCash Holdings (FRA:FF60) Headlines

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