What is the meaning of COGS (COST OF GOODS) RATIO?

cogs > cost of goods
= COGS / Total Sales.
Barry Goldsmith
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APABarry Goldsmith. (2010). cogs (cost of goods) ratio. Retrieved September 25, 2026, from http://smartdefine.org/cogs_(cost_of_goods)_ratio/definitions/1150133
ChicagoBarry Goldsmith. 2010. "cogs (cost of goods) ratio" http://smartdefine.org/cogs_(cost_of_goods)_ratio/definitions/1150133 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, cogs (cost of goods) ratio, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/cogs_(cost_of_goods)_ratio/definitions/1150133>.
MLABarry Goldsmith. "cogs (cost of goods) ratio" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/cogs_(cost_of_goods)_ratio/definitions/1150133>