Nike (LTS:0QZ6) COGS-to-Revenue : 0.55 (As of Feb. 2024)

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What is Nike COGS-to-Revenue?

Nike's Cost of Goods Sold for the three months ended in Feb. 2024 was $6,867 Mil. Its Revenue for the three months ended in Feb. 2024 was $12,429 Mil.

Nike's COGS to Revenue for the three months ended in Feb. 2024 was 0.55.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nike's Gross Margin % for the three months ended in Feb. 2024 was 44.75%.

Nike COGS-to-Revenue Historical Data

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

Nike Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

COGS-to-Revenue

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0.55

0.57

0.55

0.54

0.56

Nike Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															0.57	0.56	0.56	0.55	0.55

Nike COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	28925	/	51217
	=	0.56

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6867	/	12429
	=	0.55

Nike (LTS:0QZ6) COGS-to-Revenue Explanation

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

Nike's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	6867 / 12429
	=	44.75 %

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.

Nike COGS-to-Revenue Related Terms

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Nike (LTS:0QZ6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (LTS:0QZ6) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NKE:USA NKE:Peru NKE:Mexico NKE_KZ:Kazakhstan 1NKE:Italy NKEd:UK NKE0:Germany NKE:Germany NKE:Germany NKE:Germany NKE:Germany NKE:Chile NKE:Canada NIKE34:Brazil NKE:Austria NKE:Argentina

Address

One Bowerman Drive, Beaverton, OR, USA, 97005-6453

Website

https://www.nike.com

Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

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