CVS Health (FRA:CVS) COGS-to-Revenue : 0.85 (As of Dec. 2023)

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What is CVS Health COGS-to-Revenue?

CVS Health's Cost of Goods Sold for the three months ended in Dec. 2023 was €73,302 Mil. Its Revenue for the three months ended in Dec. 2023 was €86,027 Mil.

CVS Health's COGS to Revenue for the three months ended in Dec. 2023 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CVS Health's Gross Margin % for the three months ended in Dec. 2023 was 14.79%.

CVS Health COGS-to-Revenue Historical Data

The historical data trend for CVS Health'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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CVS Health COGS-to-Revenue Chart

CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.82

0.83

0.85

CVS Health 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															0.83	0.84	0.85	0.85	0.85

CVS Health COGS-to-Revenue Calculation

CVS Health's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	278167.365	/	328080.592
	=	0.85

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	73302.229	/	86026.521
	=	0.85

CVS Health (FRA:CVS) COGS-to-Revenue Explanation

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

CVS Health'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	-	73302.229 / 86026.521
	=	14.79 %

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.

CVS Health COGS-to-Revenue Related Terms

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CVS Health (FRA:CVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (FRA:CVS) » Definitions » COGS-to-Revenue

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.