Openlane (FRA:XKR) COGS-to-Revenue : 0.51 (As of Mar. 2024)

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What is Openlane COGS-to-Revenue?

Openlane's Cost of Goods Sold for the three months ended in Mar. 2024 was €197 Mil. Its Revenue for the three months ended in Mar. 2024 was €383 Mil.

Openlane's COGS to Revenue for the three months ended in Mar. 2024 was 0.51.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Openlane's Gross Margin % for the three months ended in Mar. 2024 was 48.62%.

Openlane COGS-to-Revenue Historical Data

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

Openlane Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.58

0.56

0.55

0.53

Openlane 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															0.53	0.53	0.52	0.52	0.51

Openlane COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	795.59	/	1508.557
	=	0.53

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	196.788	/	382.996
	=	0.51

Openlane (FRA:XKR) COGS-to-Revenue Explanation

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

Openlane'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	-	196.788 / 382.996
	=	48.62 %

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.

Openlane COGS-to-Revenue Related Terms

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Openlane (FRA:XKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Openlane Inc (FRA:XKR) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

KAR:USA

Address

11299 N. Illinois Street, Carmel, IN, USA, 46032

Website

https://corporate.openlane.com

Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.

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