Is Cost Of Sales The Key Driver Of Procter & Gamble's Expenses And Profitability?

Procter and Gamble's total expenses have risen gradually from around $54.86 billion in 2017 to about $63.72 billion in 2019. However, expenses in 2019 included a one-time $8.35 billion write-down of Gillette.Cost of sales is the biggest expense head for the company, with it being 50.2% of revenue..