Costco Wholesale (COST) COGS-to-Revenue : 0.88 (As of Feb. 2024)

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What is Costco Wholesale COGS-to-Revenue?

Costco Wholesale's Cost of Goods Sold for the three months ended in Feb. 2024 was $51,140 Mil. Its Revenue for the three months ended in Feb. 2024 was $58,442 Mil.

Costco Wholesale's COGS to Revenue for the three months ended in Feb. 2024 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Costco Wholesale's Gross Margin % for the three months ended in Feb. 2024 was 12.49%.

Costco Wholesale COGS-to-Revenue Historical Data

The historical data trend for Costco Wholesale'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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Costco Wholesale COGS-to-Revenue Chart

Costco Wholesale Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

COGS-to-Revenue

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0.87

0.88

Costco Wholesale Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															0.88	0.88	0.88	0.87	0.88

Costco Wholesale COGS-to-Revenue Calculation

Costco Wholesale's COGS to Revenue for the fiscal year that ended in Aug. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	212586	/	242290
	=	0.88

Costco Wholesale's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	51140	/	58442
	=	0.88

Costco Wholesale (NAS:COST) COGS-to-Revenue Explanation

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

Costco Wholesale's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	51140 / 58442
	=	12.49 %

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.

Costco Wholesale COGS-to-Revenue Related Terms

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Costco Wholesale (COST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Costco Wholesale Corp (NAS:COST) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

999 Lake Drive, Issaquah, WA, USA, 98027

Website

https://www.costco.com

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.

Executives

W Craig Jelinek	officer: Executive VP	999 LAKE DRIVE, ISSAQUAH WA 98027
Yoram Rubananko	officer: Executive VP	999 LAKE DRIVE, ISSAQUAH WA 98027
Caton Frates	officer: Executive Vice President	999 LAKE DRIVE, ISSAQUAH WA 98027
Daniel M. Hines	other: Principal Acctg Officer	999 LAKE DRIVE, ISSAQUAH WA 98027
Richard A Galanti	director, officer: Executive VP and CFO	999 LAKE DRIVE, ISSAQUAH WA 98027
Pierre Riel	officer: EVP	999 LAKE DRIVE, ISSAQUAH WA 98027
Russell D Miller	officer: Executive Vice President	999 LAKE DRIVE, ISSAQUAH WA 98027
Claudine Adamo	officer: Executive Vice President	999 LAKE DRIVE, ISSAQUAH WA 98027
James C Klauer	officer: Executive Vice President	999 LAKE DRIVE, ISSAQUAH WA 98027
Patrick J Callans	officer: Executive VP	999 LAKE DRIVE, ISSAQUAH WA 98027
Helena Foulkes	director	ONE CVS DRIVE, WOONSOCKET RI 02895
Susan L Decker	director	C/O YAHOO INC, 701 FIRST AVE, SUNNYVALE CA 94089
Roland Michael Vachris	officer: Executive VP	999 LAKE DRIVE, ISSAQUAH WA 98027
James P. Murphy	officer: Executive VP	999 LAKE DRIVE, ISSAQUAH WA 98027
Kenneth D Denman	director