Alta Equipment Group (Alta Equipment Group) COGS-to-Revenue : 0.73 (As of Mar. 2024)

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What is Alta Equipment Group COGS-to-Revenue?

Alta Equipment Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $321 Mil. Its Revenue for the three months ended in Mar. 2024 was $442 Mil.

Alta Equipment Group's COGS to Revenue for the three months ended in Mar. 2024 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Alta Equipment Group's Gross Margin % for the three months ended in Mar. 2024 was 27.31%.

Alta Equipment Group COGS-to-Revenue Historical Data

The historical data trend for Alta Equipment 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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Alta Equipment Group COGS-to-Revenue Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.75

0.74

0.73

Alta Equipment 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															0.71	0.73	0.73	0.74	0.73

Alta Equipment Group COGS-to-Revenue Calculation

Alta Equipment 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
	=	1369.6	/	1876.8
	=	0.73

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	321	/	441.6
	=	0.73

Alta Equipment Group (NYSE:ALTG) COGS-to-Revenue Explanation

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

Alta Equipment 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	-	321 / 441.6
	=	27.31 %

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.

Alta Equipment Group COGS-to-Revenue Related Terms

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Alta Equipment Group (Alta Equipment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (NYSE:ALTG) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ALTGpA.PFD:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.

Executives

Zachary E. Savas	director	3250 W. BIG BEAVER ROAD, SUITE 544, TROY MI 48084
Ryan Greenawalt	director, 10 percent owner, officer: CEO, Chairman	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150
Andrew P Studdert	director	PO BOX 66100 - WHQLD, CHICAGO IL 60666
Daniel Shribman	director	299 PARK AVENUE, NEW YORK NY 10171
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Brf Investments, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Craig Brubaker	officer: Chief Operating Officer	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN ROAD, LIVONIA MI 48150
Anthony Colucci	officer: Chief Financial Officer	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150
Katherine E White	director	ONE MAIN STREET, EVANSVILLE IN 47708
B. Riley Principal Investments, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
James L Kempner	director	C/O LAZARD FRERES & CO. LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Bryant R Riley	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Brc Partners Management Gp, Llc	10 percent owner	11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Brc Partners Opportunity Fund, Lp	10 percent owner	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025