Cirrus Logic (LTS:0HYI) COGS-to-Revenue : 0.48 (As of Mar. 2024)

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What is Cirrus Logic COGS-to-Revenue?

Cirrus Logic's Cost of Goods Sold for the three months ended in Mar. 2024 was $179 Mil. Its Revenue for the three months ended in Mar. 2024 was $372 Mil.

Cirrus Logic's COGS to Revenue for the three months ended in Mar. 2024 was 0.48.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cirrus Logic's Gross Margin % for the three months ended in Mar. 2024 was 51.81%.

Cirrus Logic COGS-to-Revenue Historical Data

The historical data trend for Cirrus Logic'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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Cirrus Logic COGS-to-Revenue Chart

Cirrus Logic Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.47

0.48

0.50

0.49

Cirrus Logic 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															0.50	0.50	0.49	0.49	0.48

Cirrus Logic COGS-to-Revenue Calculation

Cirrus Logic's COGS to Revenue for the fiscal year that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	872.818	/	1788.89
	=	0.49

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	179.202	/	371.827
	=	0.48

Cirrus Logic (LTS:0HYI) COGS-to-Revenue Explanation

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

Cirrus Logic'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	-	179.202 / 371.827
	=	51.81 %

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.

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Cirrus Logic (LTS:0HYI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirrus Logic Inc (LTS:0HYI) » Definitions » COGS-to-Revenue

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CRUS:USA CRU:Germany

Address

800 West 6th Street, Austin, TX, USA, 78701

Website

https://www.cirrus.com

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.

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