BRO (Brown & Brown) COGS-to-Revenue : 0.51 (As of Sep. 2024)

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What is Brown & Brown COGS-to-Revenue?

Brown & Brown's Cost of Goods Sold for the three months ended in Sep. 2024 was $607 Mil. Its Revenue for the three months ended in Sep. 2024 was $1,186 Mil.

Brown & Brown's COGS to Revenue for the three months ended in Sep. 2024 was 0.51.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Brown & Brown's Gross Margin % for the three months ended in Sep. 2024 was 48.82%.

Brown & Brown COGS-to-Revenue Historical Data

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

Brown & Brown Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.55

0.54

0.51

0.52

Brown & Brown Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.50	0.57	0.51	0.51	0.51

Brown & Brown COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2186.6	/	4199.4
	=	0.52

Brown & Brown's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	607	/	1186
	=	0.51

Brown & Brown (NYSE:BRO) COGS-to-Revenue Explanation

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

Brown & Brown's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	607 / 1186
	=	48.82 %

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.

Brown & Brown COGS-to-Revenue Related Terms

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Brown & Brown Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Brown & Brown Inc (NYSE:BRO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

BRO:Mexico BTW:Germany BTW:Germany

Address

300 North Beach Stree, Daytona Beach, FL, USA, 32114

Website

https://www.bbinsurance.com

Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.

Executives

Hyatt J Brown	director, 10 percent owner, officer: Chairman and CEO	300 N. BEACH STREET, DAYTONA BEACH FL 32114
R. Andrew Watts	officer: EVP, CFO and Treasurer	220 S. RIDGEWOOD AVE., DAYTONA BEACH FL 32114
Julie Turpin	officer: EVP/Chief People Officer	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Stephen M Boyd	officer: EVP/ Pres Wholesale Brokerage	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Bronislaw Edmund Masojada	director	POINT BUILDING, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Paul J Krump	director	C/O CHUBB & SON, 15 MOUNTAIN VIEW RD P O BOX161, WARREN NJ 07061-1615
Proctor H Palmer Jr	director
James Charles Hays	director	100 S. POINTE DRIVE, UNIT 2605, MIAMI BEACH FL 33139
Gellerstedt Lawrence L Iii	director	3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Jaymin B Patel	director	C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Robert W Lloyd	officer: VP & Chief Litigation Officer	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Hugh M Brown	director	3740 RANEY DRIVE, TITUSVILLE FL 32780
Nester Kenneth Gray Ii	officer: EVP/Chief Information Officer	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Chris L Walker	officer: Regional Executive VP	220 S RIDGEWOOD AVE, DAYTONA BEACH FL 32114-4318
P Barrett Brown	officer: EVP and Pres.- Retail Segment	300 N. BEACH STREET, DAYTONA BEACH FL 32114