NIC (EGOV) COGS-to-Revenue : 0.68 (As of Dec. 2020)

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What is NIC COGS-to-Revenue?

NIC's Cost of Goods Sold for the three months ended in Dec. 2020 was $96.4 Mil. Its Revenue for the three months ended in Dec. 2020 was $141.2 Mil.

NIC's COGS to Revenue for the three months ended in Dec. 2020 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NIC's Gross Margin % for the three months ended in Dec. 2020 was 31.69%.

NIC COGS-to-Revenue Historical Data

The historical data trend for NIC'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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NIC COGS-to-Revenue Chart

NIC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

COGS-to-Revenue

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0.59

0.60

0.59

0.61

0.64

NIC Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
COGS-to-Revenue	Get a 7-Day Free Trial															0.64	0.63	0.60	0.63	0.68

NIC COGS-to-Revenue Calculation

NIC's COGS to Revenue for the fiscal year that ended in Dec. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	294.734	/	460.454
	=	0.64

NIC's COGS to Revenue for the quarter that ended in Dec. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	96.421	/	141.156
	=	0.68

NIC (NAS:EGOV) COGS-to-Revenue Explanation

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

NIC's Gross Margin % for the three months ended in Dec. 2020 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	96.421 / 141.156
	=	31.69 %

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.

NIC COGS-to-Revenue Related Terms

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NIC (EGOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NIC Inc (NAS:EGOV) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

25501 West Valley Parkway, Suite 300, Olathe, KS, USA, 66061

Website

https://www.egov.com

NIC Inc is a leading provider of digital government services that help governments use technology to provide a higher level of service to businesses and citizens and increase efficiencies. The company has two operating channels: state enterprise businesses and software and services businesses. In State enterprise businesses, the company enters into long-term contracts with state and local governments to design, build and operate Internet-based, enterprise-wide portals on their behalf, the software and services businesses provide software development and payment processing services, other than outsourced portal services, to state and local governments as well as federal agencies. It generates a majority of its revenue from the State Enterprise.

Executives

Venmal (raji) Arasu	director	25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Douglas Rogers	officer: Sr VP, Business Development	25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Elizabeth Mccarrell Proudfit	officer: Sr VP, Marketing & Comm	25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Sylvester Jr. James	director	25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Elizabeth Amegan Thomas	officer: Chief of Staff	25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Brian Gerald Anderson	officer: Chief Technology Officer	C/O NIC INC. 25501 WEST VALLEY PARKWAY, SUITE 300 OLATHE KS 66061
Art N Burtscher	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114
Alexander C Kemper	director	C/O NIC INC., 25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Peter B Wilson	director	10540 SOUTH RIDGEVIEW ROAD OLATHE KS 66061
William M Lyons	director	225 WEST WACKER DRIVE, CHICAGO IL 60606
Charles Bradford Henry	director	25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Jayaprakash Vijayan	director	25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Anthony Scott	director	25501 WEST VALLEY PARKWAY, OLATHE KS 66061
Van Asselt William A.	officer: General Counsel	25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Harry Herington	director, officer: Chair of Board & CEO	25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061