WeWork (FRA:9WEA) COGS-to-Revenue : 0.91 (As of Sep. 2023)

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What is WeWork COGS-to-Revenue?

WeWork's Cost of Goods Sold for the three months ended in Sep. 2023 was €676 Mil. Its Revenue for the three months ended in Sep. 2023 was €744 Mil.

WeWork's COGS to Revenue for the three months ended in Sep. 2023 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. WeWork's Gross Margin % for the three months ended in Sep. 2023 was 9.19%.

WeWork COGS-to-Revenue Historical Data

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

WeWork Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

0.82

0.80

1.04

1.20

0.90

WeWork Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial										0.89	0.84	0.85	0.86	0.91

WeWork COGS-to-Revenue Calculation

WeWork's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2750.816	/	3063.28
	=	0.90

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	675.577	/	743.978
	=	0.91

WeWork (FRA:9WEA) COGS-to-Revenue Explanation

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

WeWork's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	675.577 / 743.978
	=	9.19 %

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.

WeWork COGS-to-Revenue Related Terms

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WeWork (FRA:9WEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » WeWork Inc (FRA:9WEA) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

WEWKQ:USA

Address

75 Rockefeller Plaza, 10th floor, New York, NY, USA, 10019

Website

https://www.wework.com

WeWork Inc is a commercial real estate company that provides flexible workspaces for technology startups and services for other enterprises. It designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. The company's revenue categories are; Membership revenue consists of fees from members, net of discounts for the access to office space provided, and Service revenue consists of additional billings to members for the ancillary services provided through their memberships in excess of monthly allowances included in membership revenue, commissions earned by the Company on various services.

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