LG Energy Solution (XKRX:373220) COGS-to-Revenue : 0.88 (As of Dec. 2023)

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What is LG Energy Solution COGS-to-Revenue?

LG Energy Solution's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩7,028,146 Mil. Its Revenue for the three months ended in Dec. 2023 was ₩8,001,324 Mil.

LG Energy Solution's COGS to Revenue for the three months ended in Dec. 2023 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. LG Energy Solution's Gross Margin % for the three months ended in Dec. 2023 was 12.16%.

LG Energy Solution COGS-to-Revenue Historical Data

The historical data trend for LG Energy Solution'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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LG Energy Solution COGS-to-Revenue Chart

LG Energy Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.85

0.78

0.83

0.85

LG Energy Solution Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial							0.85	0.85	0.85	0.84	0.88

LG Energy Solution COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	28802437	/	33745470
	=	0.85

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7028146	/	8001324
	=	0.88

LG Energy Solution (XKRX:373220) COGS-to-Revenue Explanation

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

LG Energy Solution'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	-	7028146 / 8001324
	=	12.16 %

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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LG Energy Solution (XKRX:373220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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