MIND C.T.I. (MIND C.T.I.) COGS-to-Revenue

: 0.51 (As of Dec. 2023)

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MIND C.T.I.'s Cost of Goods Sold for the three months ended in Dec. 2023 was $2.83 Mil. Its Revenue for the three months ended in Dec. 2023 was $5.61 Mil.

MIND C.T.I.'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. MIND C.T.I.'s Gross Margin % for the three months ended in Dec. 2023 was 49.47%.

MIND C.T.I. COGS-to-Revenue Historical Data

The historical data trend for MIND C.T.I.'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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MIND C.T.I. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.45

0.48

0.47

0.50

MIND C.T.I. 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																0.48	0.51	0.48	0.49	0.51

MIND C.T.I. COGS-to-Revenue Calculation

MIND C.T.I.'s COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	10.746	/	21.612
	=	0.50

MIND C.T.I.'s COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.834	/	5.609
	=	0.51

MIND C.T.I. (NAS:MNDO) COGS-to-Revenue Explanation

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

MIND C.T.I.'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	-	2.834 / 5.609
	=	49.47 %

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.

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MIND C.T.I. (MIND C.T.I.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MIND C.T.I. Ltd (NAS:MNDO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 HaCarmel Street, Yoqneam, ISR, 2066724

Website

https://www.mindcti.com

MIND C.T.I. Ltd develops, manufactures, markets and implements real-time and off-line convergent billing and customer care software solutions. The company derives revenue from sale of software products and services in two operating segments namelyBilling and Related Services and Messaging. The Company has three product lines: Product line A- billing and customer care solutions for service providers; Product line B - call accounting and call management solutions for enterprises; and Product line C - mobile messaging, communication, and payment solutions.