Antofagasta (Antofagasta) COGS-to-Revenue : 0.58 (As of Dec. 2023)

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What is Antofagasta COGS-to-Revenue?

Antofagasta's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,989 Mil. Its Revenue for the six months ended in Dec. 2023 was $3,434 Mil.

Antofagasta's COGS to Revenue for the six months ended in Dec. 2023 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Antofagasta's Gross Margin % for the six months ended in Dec. 2023 was 42.08%.

Antofagasta COGS-to-Revenue Historical Data

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

Antofagasta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.56

0.42

0.59

0.58

Antofagasta Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.44	0.59	0.58	0.58	0.58

Antofagasta COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3666.4	/	6324.5
	=	0.58

Antofagasta's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1989.2	/	3434.4
	=	0.58

Antofagasta (OTCPK:ANFGY) COGS-to-Revenue Explanation

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

Antofagasta's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1989.2 / 3434.4
	=	42.08 %

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.

Antofagasta COGS-to-Revenue Related Terms

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Antofagasta (Antofagasta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antofagasta PLC (OTCPK:ANFGY) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

ANFGF:USA ANTOl:UK ANTO:UK FG1:Germany

Address

103 Mount Street, London, GBR, W1K 2TJ

Website

https://www.antofagasta.co.uk

Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce significant volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. All of the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. The Los Pelambres segment drives maximum revenue.