H&E Equipment Services (FRA:H6P) COGS-to-Revenue : 0.56 (As of Mar. 2024)

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What is H&E Equipment Services COGS-to-Revenue?

H&E Equipment Services's Cost of Goods Sold for the three months ended in Mar. 2024 was €190 Mil. Its Revenue for the three months ended in Mar. 2024 was €342 Mil.

H&E Equipment Services's COGS to Revenue for the three months ended in Mar. 2024 was 0.56.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. H&E Equipment Services's Gross Margin % for the three months ended in Mar. 2024 was 44.40%.

H&E Equipment Services COGS-to-Revenue Historical Data

The historical data trend for H&E Equipment Services'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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H&E Equipment Services COGS-to-Revenue Chart

H&E Equipment Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.61

0.65

0.61

0.55

0.53

H&E Equipment Services 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															0.56	0.53	0.53	0.52	0.56

H&E Equipment Services COGS-to-Revenue Calculation

H&E Equipment Services's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	719.62	/	1347.271
	=	0.53

H&E Equipment Services's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	189.972	/	341.648
	=	0.56

H&E Equipment Services (FRA:H6P) COGS-to-Revenue Explanation

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

H&E Equipment Services'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	-	189.972 / 341.648
	=	44.40 %

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.

H&E Equipment Services COGS-to-Revenue Related Terms

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H&E Equipment Services (FRA:H6P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » H&E Equipment Services Inc (FRA:H6P) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HEES:USA

Address

7500 Pecue Lane, Baton Rouge, LA, USA, 70809

Website

https://www.he-equipment.com

H&E Equipment Services Inc is an integrated equipment services company. It is focused on heavy construction and industrial equipment. It rents, sells, and provides parts and services support for four core categories of equipment including hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It engages in five principal business activities: equipment rentals; new equipment sales; used equipment sales; parts sales; and repair and maintenance services. The majority of its revenue is derived from the equipment rentals segment.

H&E Equipment Services (FRA:H6P) Headlines

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