Meta Platforms (WBO:META) COGS-to-Revenue : 0.18 (As of Mar. 2024)

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What is Meta Platforms COGS-to-Revenue?

Meta Platforms's Cost of Goods Sold for the three months ended in Mar. 2024 was €6,109 Mil. Its Revenue for the three months ended in Mar. 2024 was €33,539 Mil.

Meta Platforms's COGS to Revenue for the three months ended in Mar. 2024 was 0.18.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meta Platforms's Gross Margin % for the three months ended in Mar. 2024 was 81.79%.

Meta Platforms COGS-to-Revenue Historical Data

The historical data trend for Meta Platforms'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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Meta Platforms COGS-to-Revenue Chart

Meta Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.18

0.19

0.22

0.19

Meta Platforms 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															0.21	0.19	0.18	0.19	0.18

Meta Platforms COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	23804.403	/	123705.134
	=	0.19

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6108.8	/	33538.6
	=	0.18

Meta Platforms (WBO:META) COGS-to-Revenue Explanation

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

Meta Platforms'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	-	6108.8 / 33538.6
	=	81.79 %

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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Meta Platforms (WBO:META) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meta Platforms Inc (WBO:META) » Definitions » COGS-to-Revenue

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Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.