Innovate (Innovate) COGS-to-Revenue : 0.85 (As of Mar. 2024)

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What is Innovate COGS-to-Revenue?

Innovate's Cost of Goods Sold for the three months ended in Mar. 2024 was $266.60 Mil. Its Revenue for the three months ended in Mar. 2024 was $315.20 Mil.

Innovate's COGS to Revenue for the three months ended in Mar. 2024 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Innovate's Gross Margin % for the three months ended in Mar. 2024 was 15.42%.

Innovate COGS-to-Revenue Historical Data

The historical data trend for Innovate'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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Innovate COGS-to-Revenue Chart

Innovate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.82

0.85

0.86

0.85

Innovate 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															0.86	0.86	0.84	0.83	0.85

Innovate COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1207	/	1423
	=	0.85

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	266.6	/	315.2
	=	0.85

Innovate (OTCPK:HCCDZ.PFD) COGS-to-Revenue Explanation

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

Innovate'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	-	266.6 / 315.2
	=	15.42 %

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.

Innovate COGS-to-Revenue Related Terms

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Innovate (Innovate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Innovate Corp (OTCPK:HCCDZ.PFD) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

VATE:USA PSTA:Germany

Address

295 Madison Avenue, 12th Floor, New York, NY, USA, 10017

Website

https://www.innovatecorp.com

Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.