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Hormel Foods COGS-to-Revenue

: 0.81 (As of Jul. 2019)
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Hormel Foods's Cost of Goods Sold for the three months ended in Jul. 2019 was $1,857 Mil. Its Revenue for the three months ended in Jul. 2019 was $2,291 Mil.

Hormel Foods's COGS to Revenue for the three months ended in Jul. 2019 was 0.81.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hormel Foods's Gross Margin % for the three months ended in Jul. 2019 was 18.92%.


Hormel Foods 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.

Hormel Foods Annual Data
Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18
COGS-to-Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 0.80 0.77 0.78 0.79

Hormel Foods Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19
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 0.81 0.78 0.79 0.80 0.81

Hormel Foods COGS-to-Revenue Calculation

Hormel Foods's COGS to Revenue for the fiscal year that ended in Oct. 2018 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=7550.267 / 9545.7
=0.79

Hormel Foods's COGS to Revenue for the quarter that ended in Jul. 2019 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1857.263 / 2290.705
=0.81

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


Hormel Foods  (NYSE:HRL) COGS-to-Revenue Explanation

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

Hormel Foods's Gross Margin % for the three months ended in Jul. 2019 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 1857.263 / 2290.705
=18.92 %

* 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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