Trinet Group (STU:TN3) COGS-to-Revenue : 0.78 (As of Mar. 2024)

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What is Trinet Group COGS-to-Revenue?

Trinet Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €907 Mil. Its Revenue for the three months ended in Mar. 2024 was €1,163 Mil.

Trinet Group's COGS to Revenue for the three months ended in Mar. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Trinet Group's Gross Margin % for the three months ended in Mar. 2024 was 21.99%.

Trinet Group COGS-to-Revenue Historical Data

The historical data trend for Trinet Group'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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Trinet Group COGS-to-Revenue Chart

Trinet Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.82

0.80

0.79

0.77

0.78

Trinet Group 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															0.75	0.78	0.78	0.80	0.78

Trinet Group COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3502.94	/	4513.474
	=	0.78

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	907.12	/	1162.88
	=	0.78

Trinet Group (STU:TN3) COGS-to-Revenue Explanation

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

Trinet Group'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	-	907.12 / 1162.88
	=	21.99 %

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.

Trinet Group COGS-to-Revenue Related Terms

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Trinet Group (STU:TN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Trinet Group Inc (STU:TN3) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TNET:USA TN3:Germany

Address

One Park Place, Suite 600, Dublin, CA, USA, 94568

Website

https://www.trinet.com

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

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