MasTec (FRA:MY8) COGS-to-Revenue

: 0.91 (As of Mar. 2023)

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MasTec's Cost of Goods Sold for the three months ended in Mar. 2023 was €2,204 Mil. Its Revenue for the three months ended in Mar. 2023 was €2,414 Mil.

MasTec's COGS to Revenue for the three months ended in Mar. 2023 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MasTec's Gross Margin % for the three months ended in Mar. 2023 was 8.71%.

MasTec COGS-to-Revenue Historical Data

The historical data trend for MasTec'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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MasTec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

0.86

0.85

0.83

0.86

0.88

MasTec Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
COGS-to-Revenue																0.89	0.88	0.87	0.88	0.91

MasTec COGS-to-Revenue Calculation

MasTec's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8105.498	/	9230.468
	=	0.88

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2203.767	/	2414.072
	=	0.91

MasTec (FRA:MY8) COGS-to-Revenue Explanation

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

MasTec's Gross Margin % for the three months ended in Mar. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2203.767 / 2414.072
	=	8.71 %

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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MasTec (FRA:MY8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (FRA:MY8) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

MTZ:USA

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

https://www.mastec.com

MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.

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