NICE (NICE) COGS-to-Revenue : 0.32 (As of Dec. 2023)

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What is NICE COGS-to-Revenue?

NICE's Cost of Goods Sold for the three months ended in Dec. 2023 was $201 Mil. Its Revenue for the three months ended in Dec. 2023 was $623 Mil.

NICE's COGS to Revenue for the three months ended in Dec. 2023 was 0.32.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NICE's Gross Margin % for the three months ended in Dec. 2023 was 67.77%.

NICE COGS-to-Revenue Historical Data

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

NICE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.34

0.33

0.31

0.32

NICE 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															0.32	0.33	0.33	0.32	0.32

NICE COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	768.173	/	2377.508
	=	0.32

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	200.878	/	623.192
	=	0.32

NICE (NAS:NICE) COGS-to-Revenue Explanation

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

NICE'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	-	200.878 / 623.192
	=	67.77 %

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.

NICE COGS-to-Revenue Related Terms

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NICE (NICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NICE Ltd (NAS:NICE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NICE:Israel NSY:Germany N1IC34:Brazil

Address

13 Zarchin Street, P.O. Box 690, NICE 1, 2, 3, Ra'anana, ISR, 4310602

Website

https://www.nice.com

Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.