GOLD (Barrick Gold) COGS-to-Revenue : 0.61 (As of Sep. 2024)

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What is Barrick Gold COGS-to-Revenue?

Barrick Gold's Cost of Goods Sold for the three months ended in Sep. 2024 was $2,051 Mil. Its Revenue for the three months ended in Sep. 2024 was $3,368 Mil.

Barrick Gold's COGS to Revenue for the three months ended in Sep. 2024 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Barrick Gold's Gross Margin % for the three months ended in Sep. 2024 was 39.10%.

Barrick Gold COGS-to-Revenue Historical Data

The historical data trend for Barrick Gold'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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Barrick Gold COGS-to-Revenue Chart

Barrick Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.71

0.59

0.68

0.70

Barrick Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.67	0.70	0.70	0.63	0.61

Barrick Gold COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7932	/	11397
	=	0.70

Barrick Gold's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2051	/	3368
	=	0.61

Barrick Gold (NYSE:GOLD) COGS-to-Revenue Explanation

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

Barrick Gold's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2051 / 3368
	=	39.10 %

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.

Barrick Gold COGS-to-Revenue Related Terms

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Barrick Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Barrick Gold Corp (NYSE:GOLD) » Definitions » COGS-to-Revenue

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Address

161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.barrick.com

Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.