Ituran Location and Control (Ituran Location and Control) COGS-to-Revenue

: 0.51 (As of Dec. 2023)

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Ituran Location and Control's Cost of Goods Sold for the three months ended in Dec. 2023 was $39.4 Mil. Its Revenue for the three months ended in Dec. 2023 was $77.8 Mil.

Ituran Location and Control's COGS to Revenue for the three months ended in Dec. 2023 was 0.51.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ituran Location and Control's Gross Margin % for the three months ended in Dec. 2023 was 49.35%.

Ituran Location and Control COGS-to-Revenue Historical Data

The historical data trend for Ituran Location and Control'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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Ituran Location and Control Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.53

0.52

Ituran Location and Control Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue																0.52	0.54	0.53	0.51	0.51

Ituran Location and Control COGS-to-Revenue Calculation

Ituran Location and Control's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	166.817	/	319.978
	=	0.52

Ituran Location and Control's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	39.408	/	77.808
	=	0.51

Ituran Location and Control (NAS:ITRN) COGS-to-Revenue Explanation

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

Ituran Location and Control's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	39.408 / 77.808
	=	49.35 %

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.

Ituran Location and Control COGS-to-Revenue Related Terms

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Ituran Location and Control (Ituran Location and Control) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ituran Location and Control Ltd (NAS:ITRN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hashikma Street, Azour, ISR, 5800182

Website

https://www.ituran.com

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. Its geographical segments include Israel, Brazil, and Others.