LPL Financial Holdings (FRA:7LI) COGS-to-Revenue : 0.72 (As of Mar. 2024)

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What is LPL Financial Holdings COGS-to-Revenue?

LPL Financial Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,875 Mil. Its Revenue for the three months ended in Mar. 2024 was €2,606 Mil.

LPL Financial Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. LPL Financial Holdings's Gross Margin % for the three months ended in Mar. 2024 was 28.04%.

LPL Financial Holdings COGS-to-Revenue Historical Data

The historical data trend for LPL Financial Holdings'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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LPL Financial Holdings COGS-to-Revenue Chart

LPL Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.71

0.75

0.78

0.72

0.70

LPL Financial Holdings 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															0.67	0.69	0.70	0.72	0.72

LPL Financial Holdings COGS-to-Revenue Calculation

LPL Financial Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6420.35	/	9218.462
	=	0.70

LPL Financial Holdings's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1875.317	/	2605.986
	=	0.72

LPL Financial Holdings (FRA:7LI) COGS-to-Revenue Explanation

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

LPL Financial Holdings'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	-	1875.317 / 2605.986
	=	28.04 %

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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LPL Financial Holdings (FRA:7LI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LPL Financial Holdings Inc (FRA:7LI) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

LPLA:USA

Address

4707 Executive Drive, San Diego, CA, USA, 92121

Website

https://www.lpl.com

LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2022, the company had nearly 20,000 advisors on its platform managing over $1 trillion of client assets.

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