Elastic NV (BSP:E2ST34) COGS-to-Revenue : 0.26 (As of Jan. 2024)

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What is Elastic NV COGS-to-Revenue?

Elastic NV's Cost of Goods Sold for the three months ended in Jan. 2024 was R$416 Mil. Its Revenue for the three months ended in Jan. 2024 was R$1,613 Mil.

Elastic NV's COGS to Revenue for the three months ended in Jan. 2024 was 0.26.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Elastic NV's Gross Margin % for the three months ended in Jan. 2024 was 74.19%.

Elastic NV COGS-to-Revenue Historical Data

The historical data trend for Elastic NV'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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Elastic NV COGS-to-Revenue Chart

Elastic NV Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

COGS-to-Revenue

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0.29

0.26

0.27

0.28

Elastic NV Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
COGS-to-Revenue	Get a 7-Day Free Trial															0.27	0.26	0.26	0.26	0.26

Elastic NV COGS-to-Revenue Calculation

Elastic NV's COGS to Revenue for the fiscal year that ended in Apr. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1489.507	/	5367.928
	=	0.28

Elastic NV's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	416.286	/	1612.958
	=	0.26

Elastic NV (BSP:E2ST34) COGS-to-Revenue Explanation

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

Elastic NV's Gross Margin % for the three months ended in Jan. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	416.286 / 1612.958
	=	74.19 %

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.

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Elastic NV (BSP:E2ST34) Business Description

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ESTC:USA ESTC:Mexico 3E1:Germany

Address

Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED

Website

https://www.elastic.co

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

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