Element Fleet Management (Element Fleet Management) COGS-to-Revenue : 0.66 (As of Dec. 2023)

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What is Element Fleet Management COGS-to-Revenue?

Element Fleet Management's Cost of Goods Sold for the three months ended in Dec. 2023 was $342 Mil. Its Revenue for the three months ended in Dec. 2023 was $517 Mil.

Element Fleet Management's COGS to Revenue for the three months ended in Dec. 2023 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Element Fleet Management's Gross Margin % for the three months ended in Dec. 2023 was 33.98%.

Element Fleet Management COGS-to-Revenue Historical Data

The historical data trend for Element Fleet Management'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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Element Fleet Management COGS-to-Revenue Chart

Element Fleet Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.67

0.63

0.60

0.59

0.64

Element Fleet Management 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															0.62	0.62	0.63	0.64	0.66

Element Fleet Management COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1231.642	/	1922.876
	=	0.64

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	341.519	/	517.287
	=	0.66

Element Fleet Management (OTCPK:ELEEF) COGS-to-Revenue Explanation

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

Element Fleet Management'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	-	341.519 / 517.287
	=	33.98 %

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.

Element Fleet Management COGS-to-Revenue Related Terms

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Element Fleet Management (Element Fleet Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Element Fleet Management Corp (OTCPK:ELEEF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

61F:Germany EFN.PR.E.PFD:Canada EFN.PR.C.PFD:Canada EFN:Canada

Address

161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1

Website

https://www.elementfleet.com

Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. The company operates in U.S., Canada, Mexico, Australia, and New Zealand.