Hormel Foods (BSP:H1RL34) COGS-to-Revenue : 0.83 (As of Jan. 2024)

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What is Hormel Foods COGS-to-Revenue?

Hormel Foods's Cost of Goods Sold for the three months ended in Jan. 2024 was R$12,237 Mil. Its Revenue for the three months ended in Jan. 2024 was R$14,739 Mil.

Hormel Foods's COGS to Revenue for the three months ended in Jan. 2024 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hormel Foods's Gross Margin % for the three months ended in Jan. 2024 was 16.98%.

Hormel Foods COGS-to-Revenue Historical Data

The historical data trend for Hormel Foods'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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Hormel Foods COGS-to-Revenue Chart

Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

COGS-to-Revenue

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0.80

0.81

0.83

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
COGS-to-Revenue	Get a 7-Day Free Trial															0.83	0.83	0.83	0.84	0.83

Hormel Foods COGS-to-Revenue Calculation

Hormel Foods's COGS to Revenue for the fiscal year that ended in Oct. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	51116.004	/	61227
	=	0.83

Hormel Foods's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12237.357	/	14739.408
	=	0.83

Hormel Foods (BSP:H1RL34) COGS-to-Revenue Explanation

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

Hormel Foods's Gross Margin % for the three months ended in Jan. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	12237.357 / 14739.408
	=	16.98 %

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.

Hormel Foods COGS-to-Revenue Related Terms

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Hormel Foods (BSP:H1RL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (BSP:H1RL34) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HRL:USA HRL:Mexico HO7:Germany HRL:Austria

Address

1 Hormel Place, Austin, MN, USA, 55912-3680

Website

https://www.hormelfoods.com

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

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