Change Healthcare (Change Healthcare) COGS-to-Revenue : 0.46 (As of Jun. 2022)

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What is Change Healthcare COGS-to-Revenue?

Change Healthcare's Cost of Goods Sold for the three months ended in Jun. 2022 was $410 Mil. Its Revenue for the three months ended in Jun. 2022 was $884 Mil.

Change Healthcare's COGS to Revenue for the three months ended in Jun. 2022 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Change Healthcare's Gross Margin % for the three months ended in Jun. 2022 was 53.62%.

Change Healthcare COGS-to-Revenue Historical Data

The historical data trend for Change Healthcare'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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Change Healthcare COGS-to-Revenue Chart

Change Healthcare Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

COGS-to-Revenue

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0.43

0.50

0.47

Change Healthcare Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
COGS-to-Revenue	Get a 7-Day Free Trial														0.46	0.48	0.47	0.46	0.46

Change Healthcare COGS-to-Revenue Calculation

Change Healthcare's COGS to Revenue for the fiscal year that ended in Mar. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1634.879	/	3480.815
	=	0.47

Change Healthcare's COGS to Revenue for the quarter that ended in Jun. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	410.222	/	884.469
	=	0.46

Change Healthcare (NAS:CHNG) COGS-to-Revenue Explanation

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

Change Healthcare's Gross Margin % for the three months ended in Jun. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	410.222 / 884.469
	=	53.62 %

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.

Change Healthcare COGS-to-Revenue Related Terms

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Change Healthcare (Change Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Change Healthcare Inc (NAS:CHNG) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

424 Church Street, Suite 1400, Nashville, TN, USA, 37219

Website

https://www.changehealthcare.com

Change Healthcare is a spinoff of various healthcare processing and consulting services acquired by McKesson over numerous years. Recently, these processing assets were contributed to a joint venture and in June 2019 public shares were issued with McKesson retaining the majority interest. As of the end of the March 2020 quarter, McKesson distributed all its interest in the public processor. Core services consist of insurance (healthcare) claim clearinghouse for healthcare payers in addition to administrative and consulting services to assist healthcare providers improve reimbursement coding, billing, and collections.

Executives

Tracy Byers	officer: SVP and GM, Enterprise Imaging	C/O CHANGE HEALTHCARE INC. 424 CHURCH STREET, SUITE 1400 NASHVILLE TN 37219
Steven B. Martin	officer: EVP, Enterprise Technology	3055 LEBANON PIKE SUITE 1000 NASHVILLE TN 37214
Nella Domenici	director	C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Paul Rareshide	officer: SVP, Corporate Controller	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Fredrik J Eliasson	officer: EVP & CFO	500 WATER STREET, JACKSONVILLE FL 32202
De Crescenzo Neil E.	director, officer: President & CEO	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Diana Mckenzie	director	METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Roderick H. O'reilly	officer: See Remarks	C/O CHANGE HEALTHCARE INC., 3055 LEBANON PIKE, SUITE 1000, NASHVILLE TN 37214
August Calhoun	officer: See Remarks	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Thomas Mcenery	officer: EVP & Chief Marketing Officer
Bansi Nagji	director	MCKESSON CORPORATION, 6555 STATE HIGHWAY 161, IRVING TX 75039
Alex P. Choy	officer: See Remarks	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Linda Whitley-taylor	officer: EVP & Chief People Officer	C/O BENSON HILL, INC., 1001 NORTH WARSON ROAD, SAINT LOUIS MO 63132
Phillip W. Roe	director	20 BURTON HILLS BOULEVARD SUITE 100 NASHVILLE TN 37215
Kriten Joshi	officer: See Remarks	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214