X2M Connect (ASX:X2M) COGS-to-Revenue : 0.63 (As of Dec. 2023)

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What is X2M Connect COGS-to-Revenue?

X2M Connect's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.71 Mil. Its Revenue for the six months ended in Dec. 2023 was A$7.48 Mil.

X2M Connect's COGS to Revenue for the six months ended in Dec. 2023 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. X2M Connect's Gross Margin % for the six months ended in Dec. 2023 was 37.07%.

X2M Connect COGS-to-Revenue Historical Data

The historical data trend for X2M Connect'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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X2M Connect COGS-to-Revenue Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

COGS-to-Revenue

0.78

0.77

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial			0.80	0.76	0.76	0.78	0.63

X2M Connect COGS-to-Revenue Calculation

X2M Connect's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12.41	/	16.213
	=	0.77

X2M Connect's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.71	/	7.484
	=	0.63

X2M Connect (ASX:X2M) COGS-to-Revenue Explanation

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

X2M Connect'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	-	4.71 / 7.484
	=	37.07 %

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.

X2M Connect COGS-to-Revenue Related Terms

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X2M Connect (ASX:X2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

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