Martin Marietta Materials (LTS:0JZ0) COGS-to-Revenue : 0.78 (As of Mar. 2024)

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What is Martin Marietta Materials COGS-to-Revenue?

Martin Marietta Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was $979 Mil. Its Revenue for the three months ended in Mar. 2024 was $1,251 Mil.

Martin Marietta Materials's COGS to Revenue for the three months ended in Mar. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Martin Marietta Materials's Gross Margin % for the three months ended in Mar. 2024 was 21.74%.

Martin Marietta Materials COGS-to-Revenue Historical Data

The historical data trend for Martin Marietta Materials'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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Martin Marietta Materials COGS-to-Revenue Chart

Martin Marietta Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.75

0.74

0.75

0.77

0.70

Martin Marietta Materials 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															0.78	0.69	0.66	0.70	0.78

Martin Marietta Materials COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4754.6	/	6777.2
	=	0.70

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	979	/	1251
	=	0.78

Martin Marietta Materials (LTS:0JZ0) COGS-to-Revenue Explanation

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

Martin Marietta Materials'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	-	979 / 1251
	=	21.74 %

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.

Martin Marietta Materials COGS-to-Revenue Related Terms

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Martin Marietta Materials (LTS:0JZ0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Martin Marietta Materials Inc (LTS:0JZ0) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MLM:USA MLM:Mexico MMX:Germany M1LM34:Brazil

Address

4123 Parklake Avenue, Raleigh, NC, USA, 27612

Website

https://www.martinmarietta.com

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2022, Martin Marietta sold 207 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

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