SM Investments (PHS:SM) COGS-to-Revenue : 0.84 (As of Mar. 2024)

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What is SM Investments COGS-to-Revenue?

SM Investments's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱110,594 Mil. Its Revenue for the three months ended in Mar. 2024 was ₱132,159 Mil.

SM Investments's COGS to Revenue for the three months ended in Mar. 2024 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. SM Investments's Gross Margin % for the three months ended in Mar. 2024 was 16.32%.

SM Investments COGS-to-Revenue Historical Data

The historical data trend for SM Investments'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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SM Investments COGS-to-Revenue Chart

SM Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.64

0.63

0.61

0.59

SM Investments 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															0.83	0.59	0.58	0.59	0.84

SM Investments COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	336672.493	/	571306.774
	=	0.59

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	110594.083	/	132159.212
	=	0.84

SM Investments (PHS:SM) COGS-to-Revenue Explanation

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

SM Investments'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	-	110594.083 / 132159.212
	=	16.32 %

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.

SM Investments COGS-to-Revenue Related Terms

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SM Investments (PHS:SM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » SM Investments Corp (PHS:SM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SVTMF:USA

Address

OneE-Com Center, Harbor Drive, Mall of Asia Complex, CBP-1A, 10th Floor, Pasay, PHL, 1300

Website

https://www.sminvestments.com

SM Investments Corp is a Philippines conglomerate with operations in retail, banking, and property. The retail division operates department stores and food retail stores. The property division is mainly present in Southeast Asia and is focused on malls, residences, office buildings, resorts, hotels, and convention centers. SM Banking provides financial services through BDO Unibank and China Banking Corporation. China Banking Corporation is servicing emerging companies and small- and medium-scale enterprises. BDO has diverse operations from credit cards, insurance, leasing to investment banking, and asset management. The majority of its revenue comes from the retail segment that engages in the trading of merchandise such as dry goods, wearing apparel, food, and other merchandise.