Fortescue (FRA:FVJ) COGS-to-Revenue : 0.33 (As of Dec. 2023)

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What is Fortescue COGS-to-Revenue?

Fortescue's Cost of Goods Sold for the six months ended in Dec. 2023 was €2,911 Mil. Its Revenue for the six months ended in Dec. 2023 was €8,723 Mil.

Fortescue's COGS to Revenue for the six months ended in Dec. 2023 was 0.33.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fortescue's Gross Margin % for the six months ended in Dec. 2023 was 66.63%.

Fortescue COGS-to-Revenue Historical Data

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

Fortescue Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.39

0.34

0.25

0.36

Fortescue Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.38	0.34	0.40	0.34	0.33

Fortescue COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5638.607	/	15487.94
	=	0.36

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2910.558	/	8722.504
	=	0.33

Fortescue (FRA:FVJ) COGS-to-Revenue Explanation

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

Fortescue's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2910.558 / 8722.504
	=	66.63 %

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.

Fortescue COGS-to-Revenue Related Terms

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Fortescue (FRA:FVJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (FRA:FVJ) » Definitions » COGS-to-Revenue

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FSUMF:USA FSUGY:USA FVJ:Germany FMG:Australia

Address

87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.fortescue.com

Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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