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Intuit's Cost of Goods Sold for the three months ended in Jan. 2024 was $855 Mil. Its Revenue for the three months ended in Jan. 2024 was $3,386 Mil.
Intuit's COGS to Revenue for the three months ended in Jan. 2024 was 0.25.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Intuit's Gross Margin % for the three months ended in Jan. 2024 was 74.75%.
The historical data trend for Intuit'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.
Intuit Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
COGS-to-Revenue | Get a 7-Day Free Trial | 0.17 | 0.18 | 0.17 | 0.19 | 0.22 |
Intuit Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
COGS-to-Revenue | Get a 7-Day Free Trial | 0.25 | 0.16 | 0.26 | 0.26 | 0.25 |
Intuit's COGS to Revenue for the fiscal year that ended in Jul. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 3143 | / | 14368 | |
= | 0.22 |
Intuit's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 855 | / | 3386 | |
= | 0.25 |
* 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.
Intuit (NAS:INTU) COGS-to-Revenue Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Intuit's Gross Margin % for the three months ended in Jan. 2024 is calculated as:
Gross Margin % | = | 1 | - | COGS to Revenue |
= | 1 | - | Cost of Goods Sold / Revenue | |
= | 1 | - | 855 / 3386 | |
= | 74.75 % |
* 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.
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.
Thank you for viewing the detailed overview of Intuit's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Alex G. Balazs | officer: EVP, Chief Technology Officer | C/O INTUIT INC., 2700 COAST AVE, MOUNTAIN VIEW CA 94043 |
Laura A Fennell | officer: VP, General Counsel, Corp. Sec | C/O INTUIT INC., PO BOX 7850, MOUNTAIN VIEW CA 94039-7850 |
Raul Vazquez | director | 500 STAPLES DR., FRAMINGHAM MA 01702 |
Sasan K Goodarzi | officer: Senior Vice President | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Sandeep Aujla | officer: EVP and CFO | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Mark P. Notarainni | officer: EVP, Consumer Group | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Marianna Tessel | officer: EVP, Chief Technology Officer | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Lauren D Hotz | officer: VP, Chief Accounting Officer | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
James Alexander Chriss | officer: EVP and GM SBSEG | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Kerry J Mclean | officer: SVP, General Counsel | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Michelle M Clatterbuck | officer: EVP and CFO | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Ryan Roslansky | director | C/O GODADDY INC., 2155 E. GODADDY WAY, TEMPE AZ 85284 |
Eric S. Yuan | director | C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR, SAN JOSE CA 95113 |
Eve B Burton | director | 770 BROADWAY, NEW YORK NY 10003 |
Varun Krishna | officer: EVP, Consumer Group | 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
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