Toyo Tire (Toyo Tire) COGS-to-Revenue : 0.55 (As of Mar. 2024)

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What is Toyo Tire COGS-to-Revenue?

Toyo Tire's Cost of Goods Sold for the three months ended in Mar. 2024 was $466 Mil. Its Revenue for the three months ended in Mar. 2024 was $851 Mil.

Toyo Tire's COGS to Revenue for the three months ended in Mar. 2024 was 0.55.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Toyo Tire's Gross Margin % for the three months ended in Mar. 2024 was 45.29%.

Toyo Tire COGS-to-Revenue Historical Data

The historical data trend for Toyo Tire'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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Toyo Tire COGS-to-Revenue Chart

Toyo Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.65

0.64

0.59

0.60

0.61

Toyo Tire 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															0.59	0.66	0.60	0.58	0.55

Toyo Tire COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2335.814	/	3839.556
	=	0.61

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	465.81	/	851.41
	=	0.55

Toyo Tire (OTCPK:TOTTF) COGS-to-Revenue Explanation

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

Toyo Tire'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	-	465.81 / 851.41
	=	45.29 %

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.

Toyo Tire COGS-to-Revenue Related Terms

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Toyo Tire (Toyo Tire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyo Tire Corp (OTCPK:TOTTF) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

5105:Japan

Address

2-2-13 Fujinoki, Hyogo, Itami, JPN, 664-0847

Website

https://www.toyotires.co.jp

Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

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