Steel Dynamics (FRA:SD5) COGS-to-Revenue : 0.79 (As of Mar. 2024)

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What is Steel Dynamics COGS-to-Revenue?

Steel Dynamics's Cost of Goods Sold for the three months ended in Mar. 2024 was €3,416 Mil. Its Revenue for the three months ended in Mar. 2024 was €4,318 Mil.

Steel Dynamics's COGS to Revenue for the three months ended in Mar. 2024 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Steel Dynamics's Gross Margin % for the three months ended in Mar. 2024 was 20.89%.

Steel Dynamics COGS-to-Revenue Historical Data

The historical data trend for Steel Dynamics'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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Steel Dynamics COGS-to-Revenue Chart

Steel Dynamics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.85

0.71

0.73

0.78

Steel Dynamics 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															0.78	0.74	0.79	0.83	0.79

Steel Dynamics COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13525.23	/	17235.305
	=	0.78

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3416.149	/	4318.483
	=	0.79

Steel Dynamics (FRA:SD5) COGS-to-Revenue Explanation

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

Steel Dynamics'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	-	3416.149 / 4318.483
	=	20.89 %

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.

Steel Dynamics COGS-to-Revenue Related Terms

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Steel Dynamics (FRA:SD5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Dynamics Inc (FRA:SD5) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

STLD:USA STLD:Mexico 1STLD:Italy

Address

7575 West Jefferson Boulevard, Fort Wayne, IN, USA, 46804

Website

https://www.steeldynamics.com

Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, and steel fabrication operations. It generates maximum revenue from the steel operations segment.

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