McCormick (FRA:MCX) COGS-to-Revenue : 0.63 (As of Feb. 2024)

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What is McCormick COGS-to-Revenue?

McCormick's Cost of Goods Sold for the three months ended in Feb. 2024 was €930 Mil. Its Revenue for the three months ended in Feb. 2024 was €1,486 Mil.

McCormick's COGS to Revenue for the three months ended in Feb. 2024 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. McCormick's Gross Margin % for the three months ended in Feb. 2024 was 37.39%.

McCormick COGS-to-Revenue Historical Data

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

McCormick Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

COGS-to-Revenue

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0.60

0.59

0.61

0.64

0.62

McCormick Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															0.64	0.63	0.63	0.60	0.63

McCormick COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3843.563	/	6155.873
	=	0.62

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	930.152	/	1485.703
	=	0.63

McCormick (FRA:MCX) COGS-to-Revenue Explanation

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

McCormick's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	930.152 / 1485.703
	=	37.39 %

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.

McCormick COGS-to-Revenue Related Terms

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McCormick (FRA:MCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » McCormick & Co Inc (FRA:MCX) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MKC.V:USA MKC:USA M1KC34:Brazil MKC:Austria

Address

24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031

Website

https://www.mccormickcorporation.com

In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.

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