Mideast Integrated Steels (BOM:540744) COGS-to-Revenue : 0.88 (As of Dec. 2023)

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What is Mideast Integrated Steels COGS-to-Revenue?

Mideast Integrated Steels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,154 Mil. Its Revenue for the three months ended in Dec. 2023 was ₹1,318 Mil.

Mideast Integrated Steels's COGS to Revenue for the three months ended in Dec. 2023 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mideast Integrated Steels's Gross Margin % for the three months ended in Dec. 2023 was 12.42%.

Mideast Integrated Steels COGS-to-Revenue Historical Data

The historical data trend for Mideast Integrated Steels'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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Mideast Integrated Steels COGS-to-Revenue Chart

Mideast Integrated Steels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.88

0.97

1.16

0.92

Mideast Integrated Steels 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															0.87	1.03	0.78	0.68	0.88

Mideast Integrated Steels COGS-to-Revenue Calculation

Mideast Integrated Steels's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7361.83	/	8027.75
	=	0.92

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1154.43	/	1318.09
	=	0.88

Mideast Integrated Steels (BOM:540744) COGS-to-Revenue Explanation

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

Mideast Integrated Steels'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	-	1154.43 / 1318.09
	=	12.42 %

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.

Mideast Integrated Steels COGS-to-Revenue Related Terms

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Mideast Integrated Steels (BOM:540744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mideast Integrated Steels Ltd (BOM:540744) » Definitions » COGS-to-Revenue

Comparable Companies

SGX:A52 DHA:RSRMSTEEL NSE:SHIVAUM ASX:EQX IST:AYES TSE:5973 BOM:505693 XKLS:5192 WAR:IZS WAR:ZMT

Traded in Other Exchanges

N/A

Address

Kailash Colony, H-1, Mesco Tower, Zamrudpur Community Centre, New Delhi, IND, 110048

Website

http://www.mescosteel.com

Mideast Integrated Steels Ltd is engaged in the business of extraction of iron ore. The company operates through a single segment namely the Iron and Steel business. It manufactures various products such as pig iron scrap including plates, fines fresh, and boulders, iron ore calibrated lump ores consisting of iron ore fines, and screened lump, coke breeze, granulated slag, and lime slurry. In addition, it also offers repair services.

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