Array Technologies (STU:9AY) COGS-to-Revenue : 0.64 (As of Mar. 2024)

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What is Array Technologies COGS-to-Revenue?

Array Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was €90 Mil. Its Revenue for the three months ended in Mar. 2024 was €141 Mil.

Array Technologies's COGS to Revenue for the three months ended in Mar. 2024 was 0.64.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Array Technologies's Gross Margin % for the three months ended in Mar. 2024 was 35.91%.

Array Technologies COGS-to-Revenue Historical Data

The historical data trend for Array Technologies'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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Array Technologies COGS-to-Revenue Chart

Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.92

0.87

0.74

Array Technologies 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															0.74	0.70	0.75	0.75	0.64

Array Technologies COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1064.637	/	1445.697
	=	0.74

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	90.448	/	141.131
	=	0.64

Array Technologies (STU:9AY) COGS-to-Revenue Explanation

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

Array Technologies'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	-	90.448 / 141.131
	=	35.91 %

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.

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Array Technologies (STU:9AY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (STU:9AY) » Definitions » COGS-to-Revenue

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ARRY:USA

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

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