MIRC Electronics (BOM:500279) COGS-to-Revenue : 0.87 (As of Dec. 2023)

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What is MIRC Electronics COGS-to-Revenue?

MIRC Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,550 Mil. Its Revenue for the three months ended in Dec. 2023 was ₹2,945 Mil.

MIRC Electronics's COGS to Revenue for the three months ended in Dec. 2023 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MIRC Electronics's Gross Margin % for the three months ended in Dec. 2023 was 13.40%.

MIRC Electronics COGS-to-Revenue Historical Data

The historical data trend for MIRC Electronics'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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MIRC Electronics COGS-to-Revenue Chart

MIRC Electronics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.74

0.76

0.84

0.88

0.86

MIRC Electronics 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	Get a 7-Day Free Trial															0.86	0.86	0.85	0.85	0.87

MIRC Electronics COGS-to-Revenue Calculation

MIRC Electronics's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9596.7	/	11102.2
	=	0.86

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2550.4	/	2945.1
	=	0.87

MIRC Electronics (BOM:500279) COGS-to-Revenue Explanation

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

MIRC Electronics'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	-	2550.4 / 2945.1
	=	13.40 %

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.

MIRC Electronics COGS-to-Revenue Related Terms

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MIRC Electronics (BOM:500279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » MIRC Electronics Ltd (BOM:500279) » Definitions » COGS-to-Revenue

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MIRCELECTR:India

Address

Mahakali Caves Road, MIDC, G-1, Onida House, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.onida.com

MIRC Electronics Ltd is engaged in the manufacturing and trading of consumer electronic products. Its product portfolio includes televisions, air conditioners, washing machines, microwave ovens, refrigerators, health care, air coolers, and dishwashers. It has plants located in Wada, Roorkee, and Chiplun.

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