Fortis (TSX:FTS.PR.K.PFD) COGS-to-Revenue : 0.27 (As of Sep. 2024)

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What is Fortis COGS-to-Revenue?

Fortis's Cost of Goods Sold for the three months ended in Sep. 2024 was C$737.00 Mil. Its Revenue for the three months ended in Sep. 2024 was C$2,771.00 Mil.

Fortis's COGS to Revenue for the three months ended in Sep. 2024 was 0.27.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fortis's Gross Margin % for the three months ended in Sep. 2024 was 73.40%.

Fortis COGS-to-Revenue Historical Data

The historical data trend for Fortis'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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Fortis COGS-to-Revenue Chart

Fortis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.29

0.31

0.36

0.33

Fortis Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.28	0.31	0.32	0.27	0.27

Fortis COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3771	/	11517
	=	0.33

Fortis's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	737	/	2771
	=	0.27

Fortis (TSX:FTS.PR.K.PFD) COGS-to-Revenue Explanation

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

Fortis's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	737 / 2771
	=	73.40 %

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.

Fortis COGS-to-Revenue Related Terms

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Fortis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (TSX:FTS.PR.K.PFD) » Definitions » COGS-to-Revenue

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Address

5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.

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