Virtu Financial (FRA:0VF) COGS-to-Revenue : 0.37 (As of Mar. 2024)

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What is Virtu Financial COGS-to-Revenue?

Virtu Financial's Cost of Goods Sold for the three months ended in Mar. 2024 was €221 Mil. Its Revenue for the three months ended in Mar. 2024 was €591 Mil.

Virtu Financial's COGS to Revenue for the three months ended in Mar. 2024 was 0.37.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Virtu Financial's Gross Margin % for the three months ended in Mar. 2024 was 62.57%.

Virtu Financial COGS-to-Revenue Historical Data

The historical data trend for Virtu Financial'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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Virtu Financial COGS-to-Revenue Chart

Virtu Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.51

0.36

0.40

0.43

0.39

Virtu Financial 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															0.40	0.43	0.35	0.40	0.37

Virtu Financial COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	827.498	/	2103.023
	=	0.39

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	221.372	/	591.412
	=	0.37

Virtu Financial (FRA:0VF) COGS-to-Revenue Explanation

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

Virtu Financial'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	-	221.372 / 591.412
	=	62.57 %

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.

Virtu Financial COGS-to-Revenue Related Terms

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Virtu Financial (FRA:0VF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Virtu Financial Inc (FRA:0VF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

VIRT:USA VIRT:Mexico 0VF:Germany

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.virtu.com

Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market-making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.

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