Formosa Plastics (TPE:1301) COGS-to-Revenue : 0.96 (As of Mar. 2024)

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What is Formosa Plastics COGS-to-Revenue?

Formosa Plastics's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$46,275 Mil. Its Revenue for the three months ended in Mar. 2024 was NT$48,108 Mil.

Formosa Plastics's COGS to Revenue for the three months ended in Mar. 2024 was 0.96.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Formosa Plastics's Gross Margin % for the three months ended in Mar. 2024 was 3.81%.

Formosa Plastics COGS-to-Revenue Historical Data

The historical data trend for Formosa Plastics'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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Formosa Plastics COGS-to-Revenue Chart

Formosa Plastics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.85

0.84

0.72

0.83

0.95

Formosa Plastics 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															0.93	0.98	0.93	0.96	0.96

Formosa Plastics COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	189312.319	/	199138.777
	=	0.95

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	46275.258	/	48108.493
	=	0.96

Formosa Plastics (TPE:1301) COGS-to-Revenue Explanation

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

Formosa Plastics'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	-	46275.258 / 48108.493
	=	3.81 %

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.

Formosa Plastics COGS-to-Revenue Related Terms

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Formosa Plastics (TPE:1301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Plastics Corp (TPE:1301) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Shuiguan Road, Renwu District, Kaohsiung, TWN, 814

Website

http://www.fpc.com.tw

Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in six reportable segments: Plastics, Polyolefins, Polypropylene, Tairylan, Chemistry, and Others. The company's products run the gambit of major petrochemicals and plastics. These are used in daily necessities, outdoor sports, mechanical industry, building material coating, and other applications. The company operates primarily in Asia, including Taiwan, mainland China, among others.

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