Federated Hermes (FRA:3KC) COGS-to-Revenue : 0.32 (As of Jun. 2024)

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What is Federated Hermes COGS-to-Revenue?

Federated Hermes's Cost of Goods Sold for the three months ended in Jun. 2024 was €121 Mil. Its Revenue for the three months ended in Jun. 2024 was €374 Mil.

Federated Hermes's COGS to Revenue for the three months ended in Jun. 2024 was 0.32.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Federated Hermes's Gross Margin % for the three months ended in Jun. 2024 was 67.52%.

Federated Hermes COGS-to-Revenue Historical Data

The historical data trend for Federated Hermes'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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Federated Hermes COGS-to-Revenue Chart

Federated Hermes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.33

0.35

0.41

0.35

Federated Hermes Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
COGS-to-Revenue	Get a 7-Day Free Trial															0.37	0.35	0.33	0.34	0.32

Federated Hermes COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	516.626	/	1475.979
	=	0.35

Federated Hermes's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	121.465	/	374
	=	0.32

Federated Hermes (FRA:3KC) COGS-to-Revenue Explanation

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

Federated Hermes's Gross Margin % for the three months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	121.465 / 374
	=	67.52 %

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.

Federated Hermes COGS-to-Revenue Related Terms

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Federated Hermes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (FRA:3KC) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

FHI:USA

Address

1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779

Website

https://www.federatedhermes.com

Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).

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