Mission Produce (MEX:AVO) COGS-to-Revenue : 0.90 (As of Apr. 2024)

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What is Mission Produce COGS-to-Revenue?

Mission Produce's Cost of Goods Sold for the three months ended in Apr. 2024 was MXN4,549 Mil. Its Revenue for the three months ended in Apr. 2024 was MXN5,078 Mil.

Mission Produce's COGS to Revenue for the three months ended in Apr. 2024 was 0.90.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mission Produce's Gross Margin % for the three months ended in Apr. 2024 was 10.42%.

Mission Produce COGS-to-Revenue Historical Data

The historical data trend for Mission Produce'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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Mission Produce COGS-to-Revenue Chart

Mission Produce Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

COGS-to-Revenue

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0.82

0.86

0.91

Mission Produce Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
COGS-to-Revenue	Get a 7-Day Free Trial															0.92	0.89	0.89	0.89	0.90

Mission Produce COGS-to-Revenue Calculation

Mission Produce's COGS to Revenue for the fiscal year that ended in Oct. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	15716.942	/	17220.757
	=	0.91

Mission Produce's COGS to Revenue for the quarter that ended in Apr. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4549.316	/	5078.306
	=	0.90

Mission Produce (MEX:AVO) COGS-to-Revenue Explanation

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

Mission Produce's Gross Margin % for the three months ended in Apr. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4549.316 / 5078.306
	=	10.42 %

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.

Mission Produce COGS-to-Revenue Related Terms

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Mission Produce (MEX:AVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mission Produce Inc (MEX:AVO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

AVO:USA

Address

2710 Camino Del Sol, Oxnard, CA, USA, 93030

Website

https://www.missionproduce.com

Mission Produce Inc is engaged in the business of producing and distributing avocados, serving retail, wholesale, and food service customers. Also, the company provides additional services like ripening, bagging, custom packing, and logistical management. The company's operating segments include Marketing and Distribution and International Farming and Blueberries. It generates maximum revenue from the Marketing and Distribution segment. The Marketing and Distribution segment sources fruit mainly from growers and then distributes fruit through a distribution network.