Lyft (XTER:LY0) COGS-to-Revenue : 0.59 (As of Mar. 2024)

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What is Lyft COGS-to-Revenue?

Lyft's Cost of Goods Sold for the three months ended in Mar. 2024 was €695 Mil. Its Revenue for the three months ended in Mar. 2024 was €1,175 Mil.

Lyft's COGS to Revenue for the three months ended in Mar. 2024 was 0.59.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lyft's Gross Margin % for the three months ended in Mar. 2024 was 40.86%.

Lyft COGS-to-Revenue Historical Data

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

Lyft Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.61

0.53

0.59

0.58

Lyft 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															0.55	0.59	0.56	0.61	0.59

Lyft COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2332.806	/	4038.091
	=	0.58

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	694.933	/	1175.025
	=	0.59

Lyft (XTER:LY0) COGS-to-Revenue Explanation

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

Lyft'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	-	694.933 / 1175.025
	=	40.86 %

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.

Lyft COGS-to-Revenue Related Terms

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Lyft (XTER:LY0) Business Description

Industry

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Address

185 Berry Street, Suite 400, San Francisco, CA, USA, 94107

Website

https://www.lyft.com

Lyft is the second-largest ride-sharing service provider in the U.S. and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.

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