Agnico Eagle Mines (Agnico Eagle Mines) COGS-to-Revenue : 0.67 (As of Dec. 2023)

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What is Agnico Eagle Mines COGS-to-Revenue?

Agnico Eagle Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,169 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,757 Mil.

Agnico Eagle Mines's COGS to Revenue for the three months ended in Dec. 2023 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Agnico Eagle Mines's Gross Margin % for the three months ended in Dec. 2023 was 33.45%.

Agnico Eagle Mines COGS-to-Revenue Historical Data

The historical data trend for Agnico Eagle Mines'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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Agnico Eagle Mines COGS-to-Revenue Chart

Agnico Eagle Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.72

0.65

0.67

Agnico Eagle Mines 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															0.69	0.63	0.65	0.72	0.67

Agnico Eagle Mines COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4425.034	/	6626.909
	=	0.67

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1169.011	/	1756.64
	=	0.67

Agnico Eagle Mines (NYSE:AEM) COGS-to-Revenue Explanation

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

Agnico Eagle Mines'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	-	1169.011 / 1756.64
	=	33.45 %

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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Agnico Eagle Mines (Agnico Eagle Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (NYSE:AEM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

AEM:Mexico AE9:Germany AE9:Germany AE9:Germany AEM:Canada AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.