Avient (Avient) COGS-to-Revenue : 0.66 (As of Mar. 2024)

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What is Avient COGS-to-Revenue?

Avient's Cost of Goods Sold for the three months ended in Mar. 2024 was $551 Mil. Its Revenue for the three months ended in Mar. 2024 was $829 Mil.

Avient's COGS to Revenue for the three months ended in Mar. 2024 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Avient's Gross Margin % for the three months ended in Mar. 2024 was 33.56%.

Avient COGS-to-Revenue Historical Data

The historical data trend for Avient'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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Avient COGS-to-Revenue Chart

Avient Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.76

0.72

0.74

0.72

Avient 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															0.71	0.71	0.74	0.71	0.66

Avient COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2250.3	/	3142.8
	=	0.72

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	550.8	/	829
	=	0.66

Avient (NYSE:AVNT) COGS-to-Revenue Explanation

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

Avient'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	-	550.8 / 829
	=	33.56 %

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.

Avient COGS-to-Revenue Related Terms

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Avient (Avient) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Avient Corp (NYSE:AVNT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

PY9:Germany

Address

33587 Walker Road, Avon Lake, OH, USA, 44012

Website

https://www.avient.com

Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in three segments: Specialty Engineered Materials; Distribution; and Color, Additives, & Ink. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, & ink segment and the distribution segment together generate a vast majority of revenue. More than half of the total revenue is derived from the United States.

Executives

Robert M Patterson	director, officer: Chairman, President & CEO	33587 WALKER ROAD, AVON LAKE OH 44012
Joel R. Rathbun	officer: SVP, Mergers & Acquisitions	33587 WALKER ROAD, AVON LAKE OH 44012
Kristen Gajewski	officer: SVP & CHRO	33587 WALKER ROAD, AVON LAKE OH 44012
Lisa K. Kunkle	officer: SVP Gnrl Counsel & Secretary	33587 WALKER ROAD, AVON LAKE OH 44012
Neil Green	director	33587 WALKER ROAD, AVON LAKE OH 44012
Ernest Nicolas	director	1201 S. 2ND STREET, MILWAUKEE WI 53204
Michael A Garratt	officer: SVP, Chief Commercial Officer	33587 WALKER ROAD, AVON LAKE OH 44012
Robert Vinod Purayath	officer: SVP & Chief Technology Officer	33587 WALKER ROAD, AVON LAKE OH 44012
Jamie A. Beggs	officer: SVP & Chief Financial Officer	33587 WALKER ROAD, AVON LAKE OH 44012
Cathy Dodd	officer: SVP, Chief Commercial Officer	33587 WALKER ROAD, AVON LAKE OH 44012
J Scott Horn	officer: SVP, President Distribution	33587 WALKER ROAD, AVON LAKE OH 44012
Richard H Fearon	director	1239 GERBING ROAD, AMELIA ISLAND FL 32034
Midea M. John Jr.	officer: SVP, Glbl Ops & Process Imprv	33587 WALKER ROAD, AVON LAKE OH 44012
Woon Keat Moh	officer: SVP, President of CAI	33587 WALKER ROAD, AVON LAKE OH 44012
Patricia Verduin	director	ONE CONAGRA DRIVE, OMAHA NE 68102