Ambev (ABEV) COGS-to-Revenue : 0.50 (As of Mar. 2024)

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What is Ambev COGS-to-Revenue?

Ambev's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,020 Mil. Its Revenue for the three months ended in Mar. 2024 was $4,072 Mil.

Ambev's COGS to Revenue for the three months ended in Mar. 2024 was 0.50.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ambev's Gross Margin % for the three months ended in Mar. 2024 was 50.39%.

Ambev COGS-to-Revenue Historical Data

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

Ambev Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.42

0.46

0.49

0.51

0.49

Ambev 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															0.49	0.51	0.50	0.47	0.50

Ambev COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8019.021	/	16273.501
	=	0.49

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2019.961	/	4071.71
	=	0.50

Ambev (NYSE:ABEV) COGS-to-Revenue Explanation

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

Ambev'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	-	2019.961 / 4071.71
	=	50.39 %

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.

Ambev COGS-to-Revenue Related Terms

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Ambev (ABEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Ambev SA (NYSE:ABEV) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ABEV:Mexico AMNA:Germany ABEV3:Brazil ABEV:Argentina

Address

Rua Doutor Renato Paes de Barros, 1017, 3rd Floor, Sao Paulo, SP, BRA, 04530-001

Website

https://www.ambev.com.br

Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2022.