Albemarle (LTS:0HC7) COGS-to-Revenue : 0.97 (As of Mar. 2024)

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What is Albemarle COGS-to-Revenue?

Albemarle's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,322 Mil. Its Revenue for the three months ended in Mar. 2024 was $1,361 Mil.

Albemarle's COGS to Revenue for the three months ended in Mar. 2024 was 0.97.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Albemarle's Gross Margin % for the three months ended in Mar. 2024 was 2.86%.

Albemarle COGS-to-Revenue Historical Data

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

Albemarle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.65

0.68

0.70

0.58

0.88

Albemarle 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															0.51	0.76	0.98	1.30	0.97

Albemarle COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8431.294	/	9617.203
	=	0.88

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1321.798	/	1360.736
	=	0.97

Albemarle (LTS:0HC7) COGS-to-Revenue Explanation

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

Albemarle'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	-	1321.798 / 1360.736
	=	2.86 %

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.

Albemarle COGS-to-Revenue Related Terms

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Albemarle (LTS:0HC7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Albemarle Corp (LTS:0HC7) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ALB:USA ALB:Mexico AMC:Germany A1LB34:Brazil ALBE:Austria

Address

4250 Congress Street, Suite 900, Charlotte, NC, USA, 28209

Website

https://www.albemarle.com

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

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