Reece (ASX:REH) COGS-to-Revenue : 0.71 (As of Dec. 2023)

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What is Reece COGS-to-Revenue?

Reece's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3,228 Mil. Its Revenue for the six months ended in Dec. 2023 was A$4,537 Mil.

Reece's COGS to Revenue for the six months ended in Dec. 2023 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Reece's Gross Margin % for the six months ended in Dec. 2023 was 28.85%.

Reece COGS-to-Revenue Historical Data

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

Reece Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.72

Reece Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.72	0.72	0.72	0.71	0.71

Reece COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6332.859	/	8839.572
	=	0.72

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3228.275	/	4537.273
	=	0.71

Reece (ASX:REH) COGS-to-Revenue Explanation

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

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

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	3228.275 / 4537.273
	=	28.85 %

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.

Reece COGS-to-Revenue Related Terms

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Reece (ASX:REH) Business Description

Industry

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Traded in Other Exchanges

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Address

Private Bag 109, Burwood, Sydney, VIC, AUS, 3125

Website

https://www.reecegroup.com.au

Reece is an Australian distributor of plumbing supplies and bathroom products, with businesses in Australia, New Zealand, and the United States. Reece Australia holds Australia's largest range of individual plumbing stock-keeping units, supporting plumbing needs for general plumbing, bathrooms, kitchens, heating and air conditioning, irrigation, pools, commercial and government projects, and fire services.In the Australia and New Zealand markets, Reece's professional, or trade, customers are mostly small to medium plumbing businesses working in the areas of residential repairs, renovations, or new home builds.The U.S. business principally serves plumbers working on commercial and residential construction projects and has a network of almost 250 stores in the southern Sun Belt states.

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