Nomad Foods (Nomad Foods) COGS-to-Revenue : 0.73 (As of Dec. 2023)

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What is Nomad Foods COGS-to-Revenue?

Nomad Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was $603 Mil. Its Revenue for the three months ended in Dec. 2023 was $830 Mil.

Nomad Foods's COGS to Revenue for the three months ended in Dec. 2023 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nomad Foods's Gross Margin % for the three months ended in Dec. 2023 was 27.30%.

Nomad Foods COGS-to-Revenue Historical Data

The historical data trend for Nomad Foods'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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Nomad Foods COGS-to-Revenue Chart

Nomad Foods Annual Data

Trend

Dec14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.70

0.71

0.72

Nomad Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.74	0.71	0.72	0.72	0.73

Nomad Foods COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2383.642	/	3320.065
	=	0.72

Nomad Foods's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	603.163	/	829.662
	=	0.73

Nomad Foods (NYSE:NOMD) COGS-to-Revenue Explanation

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

Nomad Foods's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	603.163 / 829.662
	=	27.30 %

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.

Nomad Foods COGS-to-Revenue Related Terms

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Nomad Foods (Nomad Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nomad Foods Ltd (NYSE:NOMD) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NOMD:Mexico 0NH:Germany

Address

No. 1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, GBR, TW14 8HA

Website

https://www.nomadfoods.com

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.