Fortinet (Fortinet) COGS-to-Revenue : 0.22 (As of Dec. 2023)

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What is Fortinet COGS-to-Revenue?

Fortinet's Cost of Goods Sold for the three months ended in Dec. 2023 was $316 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,415 Mil.

Fortinet's COGS to Revenue for the three months ended in Dec. 2023 was 0.22.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fortinet's Gross Margin % for the three months ended in Dec. 2023 was 77.68%.

Fortinet COGS-to-Revenue Historical Data

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

Fortinet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.23

0.22

0.23

0.25

0.23

Fortinet 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															0.23	0.24	0.23	0.24	0.22

Fortinet COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1237.2	/	5304.8
	=	0.23

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	315.9	/	1415.1
	=	0.22

Fortinet (NAS:FTNT) COGS-to-Revenue Explanation

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

Fortinet'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	-	315.9 / 1415.1
	=	77.68 %

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.

Fortinet COGS-to-Revenue Related Terms

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Fortinet (Fortinet) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FTNT:Mexico FO8:Germany FO8:Germany F1TN34:Brazil

Address

899 Kifer Road, Sunnyvale, CA, USA, 94086

Website

https://www.fortinet.com

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.

Executives

Ken Xie	director, officer: President & CEO	4655 GREAT AMERICA PARKWAY - SUITE 300, SANTA CLARA CA 95054
Patrice Perche	officer: Chief Revenue Off./EVP Supp.	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Michael Xie	director, officer: VP, Engineering & CTO	1090 KIFER ROAD, SUNNYVALE CA 94086
William H. Neukom	director	C/O FORTINET, INC., 1090 KIFER ROAD, SUNNYVALE CA 94086
Keith Jensen	officer: Chief Accounting Officer	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94068
John Whittle	officer: VP & General Counsel	1090 KIFER ROAD, SUNNYVALE CA 94086
James G. Stavridis	director	C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Christopher B Paisley	director	14870 THREE OAKS COURT, SARATOGA CA 95070
Jean X. Hu	director	2485 AUGUSTINE DRIVE, SANTA CLARA CA 95054
Kelly Ducourty	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Cohen Peter Dale Jr.	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Ming Hsieh	director	4399 SANTA ANITA AVE., EL MONTE CA 91731
Judith Sim	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Del Matto Andrew H	officer: Chief Financial Officer	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Gary Locke	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086