Titan Machinery (Titan Machinery) COGS-to-Revenue : 0.83 (As of Jan. 2024)

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What is Titan Machinery COGS-to-Revenue?

Titan Machinery's Cost of Goods Sold for the three months ended in Jan. 2024 was $711 Mil. Its Revenue for the three months ended in Jan. 2024 was $852 Mil.

Titan Machinery's COGS to Revenue for the three months ended in Jan. 2024 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Titan Machinery's Gross Margin % for the three months ended in Jan. 2024 was 16.55%.

Titan Machinery COGS-to-Revenue Historical Data

The historical data trend for Titan Machinery'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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Titan Machinery COGS-to-Revenue Chart

Titan Machinery Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

COGS-to-Revenue

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0.81

0.80

0.81

Titan Machinery 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															0.81	0.79	0.79	0.80	0.83

Titan Machinery COGS-to-Revenue Calculation

Titan Machinery's COGS to Revenue for the fiscal year that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2227.091	/	2758.445
	=	0.81

Titan Machinery's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	711.097	/	852.133
	=	0.83

Titan Machinery (NAS:TITN) COGS-to-Revenue Explanation

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

Titan Machinery'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	-	711.097 / 852.133
	=	16.55 %

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.

Titan Machinery COGS-to-Revenue Related Terms

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Titan Machinery (Titan Machinery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Titan Machinery Inc (NAS:TITN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

3TY:Germany

Address

644 East Beaton Drive, West Fargo, ND, USA, 58078-2648

Website

https://www.titanmachinery.com

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.

Executives

Stan K. Erickson	director	10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441
Robert Larsen	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Frank Anglin	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Tony Christianson	director
David Joseph Meyer	director, officer: Chairman and CEO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bryan J Knutson	officer: Chief Operating Officer	C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Mark P. Kalvoda	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bradley Crews	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Christine E Hamilton	director	225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117
John W Henderson	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Jody L Horner	director	C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Richard L Mack	director	9590 SKY LANE, EDEN PRAIRIE MN 55347
Theodore M Crosbie	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Peter J. Christianson	director, officer: President and CFO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
James Irwin	director	10543 EAST MARK LANE, SCOTTSDALE AZ 85262