Hermes International (LTS:0HV2) COGS-to-Revenue : 0.28 (As of Dec. 2023)

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What is Hermes International COGS-to-Revenue?

Hermes International's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,857 Mil. Its Revenue for the six months ended in Dec. 2023 was €6,729 Mil.

Hermes International's COGS to Revenue for the six months ended in Dec. 2023 was 0.28.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hermes International's Gross Margin % for the six months ended in Dec. 2023 was 72.40%.

Hermes International COGS-to-Revenue Historical Data

The historical data trend for Hermes International'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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Hermes International COGS-to-Revenue Chart

Hermes International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.31

0.32

0.29

0.28

Hermes International 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															0.29	0.29	0.29	0.28	0.28

Hermes International COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3720	/	13427
	=	0.28

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1857	/	6729
	=	0.28

Hermes International (LTS:0HV2) COGS-to-Revenue Explanation

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

Hermes International'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	-	1857 / 6729
	=	72.40 %

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.

Hermes International COGS-to-Revenue Related Terms

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Hermes International (LTS:0HV2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hermes International SA (LTS:0HV2) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HESAY:USA HESAF:USA RMSp:UK RMS:France HMIA:Germany HMI:Germany HMI:Germany HMI:Germany

Address

24 rue du Faubourg Saint Honore, Paris, FRA, 75008

Website

https://www.hermes.com

Hermes is a 180-year-old family controlled luxury goods company best known for its Birkin and Kelly bags. Its biggest segments are leather goods and saddlery, accounting for around half of revenue; clothes and accessories (25% of sales); silk and textiles (7%); and other products such as perfumes, watches, jewellery, and home furnishings. Hermes has around 300 stores globally, of which it owns and operates 221.

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