Baker Hughes Co (FRA:68V) COGS-to-Revenue : 0.80 (As of Mar. 2024)

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What is Baker Hughes Co COGS-to-Revenue?

Baker Hughes Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €4,729 Mil. Its Revenue for the three months ended in Mar. 2024 was €5,905 Mil.

Baker Hughes Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.80.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Baker Hughes Co's Gross Margin % for the three months ended in Mar. 2024 was 19.91%.

Baker Hughes Co COGS-to-Revenue Historical Data

The historical data trend for Baker Hughes Co'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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Baker Hughes Co COGS-to-Revenue Chart

Baker Hughes Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.85

0.80

0.79

Baker Hughes Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.80	0.79	0.80	0.79	0.80

Baker Hughes Co COGS-to-Revenue Calculation

Baker Hughes Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18573.835	/	23389.002
	=	0.79

Baker Hughes Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4728.8	/	5904.56
	=	0.80

Baker Hughes Co (FRA:68V) COGS-to-Revenue Explanation

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

Baker Hughes Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4728.8 / 5904.56
	=	19.91 %

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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Baker Hughes Co (FRA:68V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baker Hughes Co (FRA:68V) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

BKR:USA BKR:Mexico 68V:Germany B1KR34:Brazil BKR:Austria

Address

17021 Aldine Westfield Road, Houston, TX, USA, 77073-5101

Website

https://www.bakerhughes.com

Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.

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