Cerence (Cerence) COGS-to-Revenue : 0.19 (As of Dec. 2023)

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What is Cerence COGS-to-Revenue?

Cerence's Cost of Goods Sold for the three months ended in Dec. 2023 was $26.3 Mil. Its Revenue for the three months ended in Dec. 2023 was $138.3 Mil.

Cerence's COGS to Revenue for the three months ended in Dec. 2023 was 0.19.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cerence's Gross Margin % for the three months ended in Dec. 2023 was 80.96%.

Cerence COGS-to-Revenue Historical Data

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

Cerence Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

COGS-to-Revenue

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0.33

0.26

0.30

0.32

Cerence 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															0.31	0.37	0.34	0.29	0.19

Cerence COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	95.163	/	294.475
	=	0.32

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	26.335	/	138.335
	=	0.19

Cerence (NAS:CRNC) COGS-to-Revenue Explanation

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

Cerence'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	-	26.335 / 138.335
	=	80.96 %

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.

Cerence COGS-to-Revenue Related Terms

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Cerence (Cerence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cerence Inc (NAS:CRNC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

0S6:Germany

Address

1 Burlington Woods Drive, Suite 301A, Burlington, MA, USA, 01803

Website

https://www.cerence.com

Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific.

Executives

Stefan Ortmanns	officer: Executive Vice President	WALTER-SCHEIBLER-STR 24, MONSCHAU 2M 52156
Iqbal Arshad	officer: EVP, CTO	CERENCE INC., 1 BURLINGTON WOODS DRIVE, SUITE 301A, BURLINGTON MA 01803
Thomas L Beaudoin	director	NUANCE COMMUNICATIONS, INC., 1 WAYSIDE ROAD, BURLINGTON MA 01803
Marcy S Klevorn	director	ONE AMERICAN ROAD, DEARBORN MI 48126
Prateek Kathpal	officer: EVP & CTO	1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803
Christophe Couvreur	officer: SVP, Core BU	1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803
Douglas Lee Davis	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Marc Montagner	officer: Chief Financial Officer	C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
Sanjay Dhawan	director, officer: Chief Executive Officer	C/O HARMAN INTERNATIONAL INDUSTRIES, INC, 400 ATLANTIC STREET, STAMFORD CT 06901
Leanne Fitzgerald	director, officer: Vice President and Secretary	1 WAYSIDE ROAD, BURLINGTON MA 01803
Mark J Gallenberger	officer: President	LTX-CREDENCE CORPORATION, 825 UNIVERSITY AVENUE, NORWOOD MA 02062
Alfred A Nietzel	director	ONE ADP BOULEVARD, ROSELAND NJ 07068
Kristi Ann Matus	director	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Marianne Budnik	director	C/O ACME PACKET, INC., 100 CROSBY DRIVE, BEDFORD MA 01730
Sanjay K Jha	director	15 WAYSIDE ROAD, BURLINGTON MA 01803