Granite Construction (FRA:GRG) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Granite Construction COGS-to-Revenue?

Granite Construction's Cost of Goods Sold for the three months ended in Mar. 2024 was €569 Mil. Its Revenue for the three months ended in Mar. 2024 was €618 Mil.

Granite Construction's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Granite Construction's Gross Margin % for the three months ended in Mar. 2024 was 8.07%.

Granite Construction COGS-to-Revenue Historical Data

The historical data trend for Granite Construction'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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Granite Construction COGS-to-Revenue Chart

Granite Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.93

0.90

0.89

Granite Construction 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															0.94	0.89	0.85	0.90	0.92

Granite Construction COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2854.382	/	3217.88
	=	0.89

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	568.551	/	618.493
	=	0.92

Granite Construction (FRA:GRG) COGS-to-Revenue Explanation

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

Granite Construction'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	-	568.551 / 618.493
	=	8.07 %

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.

Granite Construction COGS-to-Revenue Related Terms

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Granite Construction (FRA:GRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Granite Construction Inc (FRA:GRG) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

GVA:USA

Address

585 West Beach Street, Watsonville, CA, USA, 95076

Website

https://www.graniteconstruction.com

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.

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