Light & Wonder (ASX:LNW) COGS-to-Revenue : 0.29 (As of Mar. 2024)

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What is Light & Wonder COGS-to-Revenue?

Light & Wonder's Cost of Goods Sold for the three months ended in Mar. 2024 was A$334 Mil. Its Revenue for the three months ended in Mar. 2024 was A$1,153 Mil.

Light & Wonder's COGS to Revenue for the three months ended in Mar. 2024 was 0.29.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Light & Wonder's Gross Margin % for the three months ended in Mar. 2024 was 71.03%.

Light & Wonder COGS-to-Revenue Historical Data

The historical data trend for Light & Wonder'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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Light & Wonder COGS-to-Revenue Chart

Light & Wonder Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.31

0.36

0.28

0.29

0.30

Light & Wonder 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															0.30	0.30	0.30	0.30	0.29

Light & Wonder COGS-to-Revenue Calculation

Light & Wonder's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1302.768	/	4335.588
	=	0.30

Light & Wonder's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	333.975	/	1152.9
	=	0.29

Light & Wonder (ASX:LNW) COGS-to-Revenue Explanation

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

Light & Wonder'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	-	333.975 / 1152.9
	=	71.03 %

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.

Light & Wonder COGS-to-Revenue Related Terms

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Light & Wonder (ASX:LNW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Light & Wonder Inc (ASX:LNW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LNW:USA TJW0:Germany

Address

6601 Bermuda Road, Las Vegas, NV, USA, 89119

Website

https://www.lnw.com

Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the top three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about a quarter of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.