Hero MotoCorp (Hero MotoCorp) COGS-to-Revenue : 0.67 (As of Dec. 2023)

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What is Hero MotoCorp COGS-to-Revenue?

Hero MotoCorp's Cost of Goods Sold for the three months ended in Dec. 2023 was $787.25 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,175.66 Mil.

Hero MotoCorp's COGS to Revenue for the three months ended in Dec. 2023 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hero MotoCorp's Gross Margin % for the three months ended in Dec. 2023 was 33.04%.

Hero MotoCorp COGS-to-Revenue Historical Data

The historical data trend for Hero MotoCorp'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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Hero MotoCorp COGS-to-Revenue Chart

Hero MotoCorp Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.70

0.69

0.72

0.71

Hero MotoCorp 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															0.69	0.72	0.69	0.68	0.67

Hero MotoCorp COGS-to-Revenue Calculation

Hero MotoCorp's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2921.53	/	4101.028
	=	0.71

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	787.253	/	1175.662
	=	0.67

Hero MotoCorp (GREY:HRTQY) COGS-to-Revenue Explanation

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

Hero MotoCorp'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	-	787.253 / 1175.662
	=	33.04 %

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.

Hero MotoCorp COGS-to-Revenue Related Terms

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Hero MotoCorp (Hero MotoCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hero MotoCorp Ltd (GREY:HRTQY) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

HEROMOTOCO:India 500182:India

Address

Nelson Mandela Road, The Grand Plaza, Plot No. 2, Vasant Kunj - Phase -II, New Delhi, IND, 110070

Website

https://www.heromotocorp.com

Hero MotoCorp Ltd is a motorcycle manufacturing company domiciled in India. The company manufactures and distributes motorcycles, scooters, and related spare parts. Sales of motorcycles comprise the largest contribution to consolidated revenue, followed by scooter sales. While Hero MotoCorp derives the vast majority of revenue from domestic operations, the company also has operations in Latin America, South Asia, Africa, and the Middle East. Hero MotoCorp principally manufactures and assembles production domestically. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts and accessories.

Hero MotoCorp (Hero MotoCorp) Headlines

From GuruFocus

Q3 2024 Hero MotoCorp Ltd Earnings Call Transcript

By GuruFocus Research • 02-12-2024