Etsy (WBO:ETSY) COGS-to-Revenue : 0.30 (As of Dec. 2023)

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What is Etsy COGS-to-Revenue?

Etsy's Cost of Goods Sold for the three months ended in Dec. 2023 was €235 Mil. Its Revenue for the three months ended in Dec. 2023 was €772 Mil.

Etsy's COGS to Revenue for the three months ended in Dec. 2023 was 0.30.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Etsy's Gross Margin % for the three months ended in Dec. 2023 was 69.64%.

Etsy COGS-to-Revenue Historical Data

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

Etsy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.33

0.27

0.28

0.29

0.30

Etsy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.28	0.30	0.30	0.30	0.30

Etsy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	759.895	/	2520.262
	=	0.30

Etsy's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	234.529	/	772.409
	=	0.30

Etsy (WBO:ETSY) COGS-to-Revenue Explanation

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

Etsy's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	234.529 / 772.409
	=	69.64 %

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.

Etsy COGS-to-Revenue Related Terms

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Etsy (WBO:ETSY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Etsy Inc (WBO:ETSY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ETSY:USA ETSY:Mexico 1ETSY:Italy 3E2:Germany 3E2:Germany 3E2:Germany E2TS34:Brazil

Address

117 Adams Street, Brooklyn, NY, USA, 11201

Website

https://www.etsy.com

Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.3 billion in 2022 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2022, the firm connected more than 95 million buyers and 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).