LG Chem (XKRX:051910) COGS-to-Revenue : 0.87 (As of Dec. 2023)

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What is LG Chem COGS-to-Revenue?

LG Chem's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩11,384,431 Mil. Its Revenue for the three months ended in Dec. 2023 was ₩13,134,802 Mil.

LG Chem's COGS to Revenue for the three months ended in Dec. 2023 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. LG Chem's Gross Margin % for the three months ended in Dec. 2023 was 13.33%.

LG Chem COGS-to-Revenue Historical Data

The historical data trend for LG Chem'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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LG Chem COGS-to-Revenue Chart

LG Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.83

0.79

0.74

0.81

0.84

LG Chem 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															0.84	0.84	0.83	0.83	0.87

LG Chem COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	46463916	/	55249785
	=	0.84

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11384431	/	13134802
	=	0.87

LG Chem (XKRX:051910) COGS-to-Revenue Explanation

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

LG Chem'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	-	11384431 / 13134802
	=	13.33 %

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.

LG Chem COGS-to-Revenue Related Terms

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LG Chem (XKRX:051910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LG Chem Ltd (XKRX:051910) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

051915:Korea

Address

LG Twin Towers, 128, Yeoui-daero, Youngdungpo-gu, Seoul, KOR, 150-721

Website

http://www.lgchem.com

LG Chem Ltd manufactures and sells a variety of chemicals, electronics, and energy storage products. The company operates in three major segments: Basic Materials & Chemicals, IT & Electronic Materials, and Energy Solutions. The Basic Materials & Chemicals segment, which generates the majority of revenue, sells plastics including naphtha, polyvinyl chloride (PVC), engineered plastics, and polyolefin, as well as rubber-based products. The IT & Electronic Materials segment sells a range of products that includes optical and circuit board materials. The Energy Solutions segment sells mobile and automotive batteries and energy storage systems. LG Corporation is the company's largest shareholder, owning around one third of outstanding shares. The majority of revenue comes from Asia.

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