Fastenal Co (LTS:0IKW) COGS-to-Revenue : 0.55 (As of Mar. 2024)

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What is Fastenal Co COGS-to-Revenue?

Fastenal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,034 Mil. Its Revenue for the three months ended in Mar. 2024 was $1,895 Mil.

Fastenal Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.55.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fastenal Co's Gross Margin % for the three months ended in Mar. 2024 was 45.46%.

Fastenal Co COGS-to-Revenue Historical Data

The historical data trend for Fastenal Co'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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Fastenal Co COGS-to-Revenue Chart

Fastenal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.53

0.55

0.54

Fastenal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.54	0.54	0.54	0.55	0.55

Fastenal Co COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3992.2	/	7346.7
	=	0.54

Fastenal Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1033.5	/	1895.1
	=	0.55

Fastenal Co (LTS:0IKW) COGS-to-Revenue Explanation

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

Fastenal Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1033.5 / 1895.1
	=	45.46 %

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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Fastenal Co (LTS:0IKW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Fastenal Co (LTS:0IKW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FAST:USA FAS:Germany FASL34:Brazil FAST:Austria

Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

Fastenal Co (LTS:0IKW) Headlines

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