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Avis Budget Group COGS-to-Revenue

: 0.44 (As of Jun. 2020)
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Avis Budget Group's Cost of Goods Sold for the three months ended in Jun. 2020 was $334 Mil. Its Revenue for the three months ended in Jun. 2020 was $760 Mil.

Avis Budget Group's COGS to Revenue for the three months ended in Jun. 2020 was 0.44.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Avis Budget Group's Gross Margin % for the three months ended in Jun. 2020 was 56.05%.


Avis Budget Group COGS-to-Revenue Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Avis Budget Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
COGS-to-Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.22 0.22 0.22 0.21

Avis Budget Group Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
COGS-to-Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.19 0.20 0.24 0.44

Avis Budget Group COGS-to-Revenue Calculation

Avis Budget Group's COGS to Revenue for the fiscal year that ended in Dec. 2019 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1890 / 9172
=0.21

Avis Budget Group's COGS to Revenue for the quarter that ended in Jun. 2020 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=334 / 760
=0.44

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Avis Budget Group  (NAS:CAR) COGS-to-Revenue Explanation

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

Avis Budget Group's Gross Margin % for the three months ended in Jun. 2020 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 334 / 760
=56.05 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


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