Plaid (TSE:4165) COGS-to-Revenue : 0.30 (As of Mar. 2024)

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What is Plaid COGS-to-Revenue?

Plaid's Cost of Goods Sold for the three months ended in Mar. 2024 was 円829 Mil. Its Revenue for the three months ended in Mar. 2024 was 円2,733 Mil.

Plaid's COGS to Revenue for the three months ended in Mar. 2024 was 0.30.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Plaid's Gross Margin % for the three months ended in Mar. 2024 was 69.68%.

Plaid COGS-to-Revenue Historical Data

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

Plaid Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

COGS-to-Revenue

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0.27

0.29

0.27

0.26

0.28

Plaid Quarterly Data
	Sep18	Sep19	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													0.26	0.31	0.27	0.27	0.30

Plaid COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2396.874	/	8633.638
	=	0.28

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	828.67	/	2733.216
	=	0.30

Plaid (TSE:4165) COGS-to-Revenue Explanation

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

Plaid'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	-	828.67 / 2733.216
	=	69.68 %

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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Plaid (TSE:4165) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Plaid Inc (TSE:4165) » Definitions » COGS-to-Revenue

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PLDIF:USA

Address

6-10-1 Ginza, Ginza Six 10th Floor, FChuo-ku, Tokyo, JPN, 104-0061

Website

https://plaid.co.jp

Plaid Inc is engaged in providing cloud-based customer experience platform KARTE. It provides data analytics, development and operation of platform, media shopping tribe and other services.

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