Symrise AG (WBO:SY1) COGS-to-Revenue : 0.65 (As of Dec. 2023)

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What is Symrise AG COGS-to-Revenue?

Symrise AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,503 Mil. Its Revenue for the six months ended in Dec. 2023 was €2,316 Mil.

Symrise AG's COGS to Revenue for the six months ended in Dec. 2023 was 0.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Symrise AG's Gross Margin % for the six months ended in Dec. 2023 was 35.12%.

Symrise AG COGS-to-Revenue Historical Data

The historical data trend for Symrise AG'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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Symrise AG COGS-to-Revenue Chart

Symrise AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.61

0.63

0.64

Symrise AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.62	0.61	0.65	0.64	0.65

Symrise AG COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3037.616	/	4730.187
	=	0.64

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1502.827	/	2316.473
	=	0.65

Symrise AG (WBO:SY1) COGS-to-Revenue Explanation

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

Symrise AG's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1502.827 / 2316.473
	=	35.12 %

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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Symrise AG (WBO:SY1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Symrise AG (WBO:SY1) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SYIEY:USA SYIEF:USA SY1:Mexico SY1d:UK 0G6T:UK SY1:Germany

Address

Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603

Website

https://www.symrise.com

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.

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