Flutter Entertainment (FRA:PPB) COGS-to-Revenue : 0.64 (As of Dec. 2023)

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What is Flutter Entertainment COGS-to-Revenue?

Flutter Entertainment's Cost of Goods Sold for the six months ended in Dec. 2023 was €3,365 Mil. Its Revenue for the six months ended in Dec. 2023 was €5,250 Mil.

Flutter Entertainment's COGS to Revenue for the six months ended in Dec. 2023 was 0.64.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Flutter Entertainment's Gross Margin % for the six months ended in Dec. 2023 was 35.90%.

Flutter Entertainment COGS-to-Revenue Historical Data

The historical data trend for Flutter Entertainment'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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Flutter Entertainment COGS-to-Revenue Chart

Flutter Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.30

0.35

0.47

0.51

0.53

Flutter Entertainment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.57	0.40	0.59	0.42	0.64

Flutter Entertainment COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5687.234	/	10811.43
	=	0.53

Flutter Entertainment's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3365.211	/	5249.725
	=	0.64

Flutter Entertainment (FRA:PPB) COGS-to-Revenue Explanation

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

Flutter Entertainment's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	3365.211 / 5249.725
	=	35.90 %

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.

Flutter Entertainment COGS-to-Revenue Related Terms

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Flutter Entertainment (FRA:PPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flutter Entertainment PLC (FRA:PPB) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

PDYPY:USA PDYPF:USA FLTR:Ireland FLTRl:UK FLTR:UK PPB:Germany

Address

Beech Hill Road, Belfield Office Park, Clonskeagh, Dublin, IRL, 4

Website

https://www.flutter.com

Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. The company's segments include PBB Online, which provides betting apps in over 100 countries as well as business-to-business risk and trading services; Australia, which consists of the Sportsbet Australian brand for betting on national sporting events; U.S., which includes betting apps, retail-only betting, and daily fantasy sports; and PBB Retail, which includes betting shops in the U.K. and Ireland and an accompanying app. PBB Online makes up the largest revenue segment.

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