International Game Technology (International Game Technology) COGS-to-Revenue : 0.52 (As of Dec. 2023)

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What is International Game Technology COGS-to-Revenue?

International Game Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $591 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,130 Mil.

International Game Technology's COGS to Revenue for the three months ended in Dec. 2023 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. International Game Technology's Gross Margin % for the three months ended in Dec. 2023 was 47.70%.

International Game Technology COGS-to-Revenue Historical Data

The historical data trend for International Game Technology'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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International Game Technology COGS-to-Revenue Chart

International Game Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.58

0.64

0.52

0.53

0.51

International Game Technology 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															0.53	0.49	0.51	0.52	0.52

International Game Technology COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2203	/	4310
	=	0.51

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	591	/	1130
	=	0.52

International Game Technology (NYSE:IGT) COGS-to-Revenue Explanation

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

International Game Technology'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	-	591 / 1130
	=	47.70 %

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.

International Game Technology COGS-to-Revenue Related Terms

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International Game Technology (International Game Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Game Technology PLC (NYSE:IGT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

7IG:Germany

Address

10 Finsbury Square, Third Floor, London, GBR, EC2A 1AF

Website

https://www.igt.com

International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company's operating segments include Global Lottery, Global Gaming, and Digital & Betting.. It generates maximum revenue from the Global Lottery segment. Global Lottery segment provides lottery products and services to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts. Geographically, it derives a majority of revenue from the United States.