Global Crossing Airlines Group (Global Crossing Airlines Group) COGS-to-Revenue : 0.91 (As of Mar. 2024)

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What is Global Crossing Airlines Group COGS-to-Revenue?

Global Crossing Airlines Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $48.7 Mil. Its Revenue for the three months ended in Mar. 2024 was $53.8 Mil.

Global Crossing Airlines Group's COGS to Revenue for the three months ended in Mar. 2024 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Global Crossing Airlines Group's Gross Margin % for the three months ended in Mar. 2024 was 9.47%.

Global Crossing Airlines Group COGS-to-Revenue Historical Data

The historical data trend for Global Crossing Airlines Group'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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Global Crossing Airlines Group COGS-to-Revenue Chart

Global Crossing Airlines Group Annual Data

Trend

Apr14

Apr15

Apr16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.49

0.93

Global Crossing Airlines Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.98	1.03	0.90	0.86	0.91

Global Crossing Airlines Group COGS-to-Revenue Calculation

Global Crossing Airlines Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	148.567	/	160.122
	=	0.93

Global Crossing Airlines Group's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	48.737	/	53.835
	=	0.91

Global Crossing Airlines Group (OTCPK:JETMF) COGS-to-Revenue Explanation

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

Global Crossing Airlines Group's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	48.737 / 53.835
	=	9.47 %

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.

Global Crossing Airlines Group COGS-to-Revenue Related Terms

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Global Crossing Airlines Group (Global Crossing Airlines Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Crossing Airlines Group Inc (OTCPK:JETMF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

JETBF:USA JET.B:Canada JET:Canada

Address

4200 NW 36th Street, Building 5A, Miami International Airport, Miami, FL, USA, 33166

Website

https://www.globalairlinesgroup.com

Global Crossing Airlines Group Inc is an airline operator for both narrow and widebody aircraft around the world, utilizing the efficiencies of an Airbus A320/321 fleet. The company operates wet lease and ACMI flights for airlines and charter operations for tour operators, professional and college teams, and other groups.

Executives

Deborah Wallis Robinson	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Ryan Goepel	director, officer: Chief Financial Officer	2333 PONCE DE LEON BLVD., SUITE 630, CORAL GABLES FL 33134
Axar Capital Management L.p.	director, 10 percent owner	402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Axar Gp, Llc	director, 10 percent owner	C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Andrew Axelrod	director, 10 percent owner	C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Joseph Jr. Dagrosa	director, 10 percent owner	311 SOUTH WACKER DRIVE, SUITE 6400, CHICAGO IL 60606
John Quelch	director	C/O INVERNESS MEDICAL INNOVATIONS INC, 51 SAWYER RD, WALTHAM MA 02453
Edward J Wegel	director, 10 percent owner, officer: Chief Executive Officer	1 GORHAM ISLAND, WESTPORT CT 06880
Mcartor Trusten Allan	director	200 FALCON RIDGE ROAD, GREAT FALLS VA 22066
Harrington Cordia	director	2975 ARMORY DRIVE, NASHVILLE TN 37204
William Shuster	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Ronald Bevans	10 percent owner	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Alan Geoffrey Bird	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Juan Pablo Nunez	officer: Chief Operating Officer	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
David Griffith Ross	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166