Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) COGS-to-Revenue : 0.72 (As of Sep. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig COGS-to-Revenue?

Cia Energetica DE Minas Gerais - Cemig's Cost of Goods Sold for the three months ended in Sep. 2023 was $1,370 Mil. Its Revenue for the three months ended in Sep. 2023 was $1,909 Mil.

Cia Energetica DE Minas Gerais - Cemig's COGS to Revenue for the three months ended in Sep. 2023 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cia Energetica DE Minas Gerais - Cemig's Gross Margin % for the three months ended in Sep. 2023 was 28.25%.

Cia Energetica DE Minas Gerais - Cemig COGS-to-Revenue Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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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Cia Energetica DE Minas Gerais - Cemig COGS-to-Revenue Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.79

0.77

0.79

0.80

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.77	0.74	0.79	0.77	0.72

Cia Energetica DE Minas Gerais - Cemig COGS-to-Revenue Calculation

Cia Energetica DE Minas Gerais - Cemig's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5271.476	/	6570.138
	=	0.80

Cia Energetica DE Minas Gerais - Cemig's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1369.553	/	1908.727
	=	0.72

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) COGS-to-Revenue Explanation

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

Cia Energetica DE Minas Gerais - Cemig's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1369.553 / 1908.727
	=	28.25 %

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.

Cia Energetica DE Minas Gerais - Cemig COGS-to-Revenue Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.