Pinnacle West Capital (LTS:0KIT) COGS-to-Revenue : 0.65 (As of Mar. 2024)

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What is Pinnacle West Capital COGS-to-Revenue?

Pinnacle West Capital's Cost of Goods Sold for the three months ended in Mar. 2024 was $615 Mil. Its Revenue for the three months ended in Mar. 2024 was $952 Mil.

Pinnacle West Capital's COGS to Revenue for the three months ended in Mar. 2024 was 0.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Pinnacle West Capital's Gross Margin % for the three months ended in Mar. 2024 was 35.33%.

Pinnacle West Capital COGS-to-Revenue Historical Data

The historical data trend for Pinnacle West Capital'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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Pinnacle West Capital COGS-to-Revenue Chart

Pinnacle West Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.57

0.54

0.55

0.61

Pinnacle West Capital 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															0.68	0.61	0.53	0.66	0.65

Pinnacle West Capital COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2851.382	/	4695.991
	=	0.61

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	615.442	/	951.712
	=	0.65

Pinnacle West Capital (LTS:0KIT) COGS-to-Revenue Explanation

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

Pinnacle West Capital'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	-	615.442 / 951.712
	=	35.33 %

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.

Pinnacle West Capital COGS-to-Revenue Related Terms

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Pinnacle West Capital (LTS:0KIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pinnacle West Capital Corp (LTS:0KIT) » Definitions » COGS-to-Revenue

Comparable Companies

OGE EVRG IDA POR LNT PNM MGEE AGR HE GNE NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

PNW:USA PWC:Germany

Address

400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999

Website

https://www.pinnaclewest.com

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

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