Qorvo (BSP:Q1RV34) COGS-to-Revenue : 0.64 (As of Dec. 2023)

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What is Qorvo COGS-to-Revenue?

Qorvo's Cost of Goods Sold for the three months ended in Dec. 2023 was R$3,361 Mil. Its Revenue for the three months ended in Dec. 2023 was R$5,262 Mil.

Qorvo's COGS to Revenue for the three months ended in Dec. 2023 was 0.64.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Qorvo's Gross Margin % for the three months ended in Dec. 2023 was 36.12%.

Qorvo COGS-to-Revenue Historical Data

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

Qorvo Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.61

0.59

0.53

0.51

0.64

Qorvo 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															0.64	0.82	0.65	0.56	0.64

Qorvo COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11836.32	/	18591.572
	=	0.64

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3361.179	/	5261.704
	=	0.64

Qorvo (BSP:Q1RV34) COGS-to-Revenue Explanation

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

Qorvo'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	-	3361.179 / 5261.704
	=	36.12 %

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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Qorvo (BSP:Q1RV34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Qorvo Inc (BSP:Q1RV34) » Definitions » COGS-to-Revenue

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QRVO:USA 2QO:Germany

Address

7628 Thorndike Road, Greensboro, NC, USA, 27409-9421

Website

https://www.qorvo.com

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

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