Bureau Veritas (LTS:0MH1) COGS-to-Revenue : 0.27 (As of Dec. 2023)

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What is Bureau Veritas COGS-to-Revenue?

Bureau Veritas's Cost of Goods Sold for the six months ended in Dec. 2023 was €813 Mil. Its Revenue for the six months ended in Dec. 2023 was €2,964 Mil.

Bureau Veritas's COGS to Revenue for the six months ended in Dec. 2023 was 0.27.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Bureau Veritas's Gross Margin % for the six months ended in Dec. 2023 was 72.55%.

Bureau Veritas COGS-to-Revenue Historical Data

The historical data trend for Bureau Veritas'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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Bureau Veritas COGS-to-Revenue Chart

Bureau Veritas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.28

0.29

0.28

0.29

0.28

Bureau Veritas 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															0.26	0.28	0.29	0.29	0.27

Bureau Veritas COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1642.3	/	5867.8
	=	0.28

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	813.4	/	2963.6
	=	0.27

Bureau Veritas (LTS:0MH1) COGS-to-Revenue Explanation

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

Bureau Veritas'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	-	813.4 / 2963.6
	=	72.55 %

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.

Bureau Veritas COGS-to-Revenue Related Terms

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Bureau Veritas (LTS:0MH1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bureau Veritas SA (LTS:0MH1) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

BVVBY:USA BVRDF:USA BVIp:UK BVI:France 4BV:Germany

Address

40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, FRA, 92200

Website

https://group.bureauveritas.com

Bureau Veritas is involved in the testing, inspection, and certification, or TIC, industry. The company's primary activities involve testing products or materials, inspecting sites/equipment, and certifying products and systems to maintain global standards. BV is one of only a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. BV listed in 2007, prior to which it was privately owned by the Wendel Group, who retain a significant holding.

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