Covestro AG (LTS:0RBE) COGS-to-Revenue : 0.84 (As of Sep. 2024)

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What is Covestro AG COGS-to-Revenue?

Covestro AG's Cost of Goods Sold for the three months ended in Sep. 2024 was €3,032 Mil. Its Revenue for the three months ended in Sep. 2024 was €3,603 Mil.

Covestro AG's COGS to Revenue for the three months ended in Sep. 2024 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Covestro AG's Gross Margin % for the three months ended in Sep. 2024 was 15.85%.

Covestro AG COGS-to-Revenue Historical Data

The historical data trend for Covestro AG'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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Covestro AG COGS-to-Revenue Chart

Covestro AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.78

0.77

0.72

0.86

0.84

Covestro AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.84	0.87	0.83	0.83	0.84

Covestro AG COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12071	/	14377
	=	0.84

Covestro AG's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3032	/	3603
	=	0.84

Covestro AG (LTS:0RBE) COGS-to-Revenue Explanation

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

Covestro AG's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	3032 / 3603
	=	15.85 %

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.

Covestro AG COGS-to-Revenue Related Terms

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Covestro AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (LTS:0RBE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

COVTY:USA CVVTF:USA 11COV:Italy 1COVd:UK 1COV:Germany 1COV:Austria

Address

Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373

Website

https://www.covestro.com/en

Covestro, formerly Bayer Material Science, was spun off from the Bayer Group in 2015. The firm is a market leader in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for Covestro's products is driven primarily by cyclical end markets, such as automotive, construction, and furniture.

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