Block (FRA:SQ3) COGS-to-Revenue : 0.65 (As of Mar. 2024)

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What is Block COGS-to-Revenue?

Block's Cost of Goods Sold for the three months ended in Mar. 2024 was €3,554 Mil. Its Revenue for the three months ended in Mar. 2024 was €5,481 Mil.

Block's COGS to Revenue for the three months ended in Mar. 2024 was 0.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Block's Gross Margin % for the three months ended in Mar. 2024 was 35.16%.

Block COGS-to-Revenue Historical Data

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

Block Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.71

0.75

0.66

Block 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															0.66	0.66	0.66	0.65	0.65

Block COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13214.646	/	20096.626
	=	0.66

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3553.643	/	5480.558
	=	0.65

Block (FRA:SQ3) COGS-to-Revenue Explanation

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

Block'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	-	3553.643 / 5480.558
	=	35.16 %

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.

Block COGS-to-Revenue Related Terms

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Block (FRA:SQ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (FRA:SQ3) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

BSQKZ:USA SQ:USA SQ:Mexico 1SQ:Italy 0L95:UK SQ3:Germany F8O:Germany F8O:Germany SQ3:Germany SQ3:Germany S2QU34:Brazil SQ2:Australia SQU:Austria

Address

1455 Market Street, Suite 600, San Francisco, CA, USA, 94103

Website

https://www.block.xyz

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.

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