Varonis Systems (LTS:0VOU) COGS-to-Revenue : 0.19 (As of Mar. 2024)

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What is Varonis Systems COGS-to-Revenue?

Varonis Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was $21.3 Mil. Its Revenue for the three months ended in Mar. 2024 was $114.0 Mil.

Varonis Systems's COGS to Revenue for the three months ended in Mar. 2024 was 0.19.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Varonis Systems's Gross Margin % for the three months ended in Mar. 2024 was 81.28%.

Varonis Systems COGS-to-Revenue Historical Data

The historical data trend for Varonis Systems'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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Varonis Systems COGS-to-Revenue Chart

Varonis Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.14

0.15

0.14

Varonis Systems 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															0.16	0.15	0.14	0.13	0.19

Varonis Systems COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	71.751	/	499.16
	=	0.14

Varonis Systems's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	21.349	/	114.022
	=	0.19

Varonis Systems (LTS:0VOU) COGS-to-Revenue Explanation

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

Varonis Systems'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	-	21.349 / 114.022
	=	81.28 %

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.

Varonis Systems COGS-to-Revenue Related Terms

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Varonis Systems (LTS:0VOU) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Varonis Systems Inc (LTS:0VOU) » Definitions » COGS-to-Revenue

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VRNS:USA VS2:Germany

Address

1250 Broadway, 29th Floor, New York, NY, USA, 10001

Website

https://www.varonis.com

Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.

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