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National Cleaning Co (KUW:CLEANING) COGS-to-Revenue : 0.88 (As of Mar. 2024)


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What is National Cleaning Co COGS-to-Revenue?

National Cleaning Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD7.49 Mil. Its Revenue for the three months ended in Mar. 2024 was KWD8.53 Mil.

National Cleaning Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. National Cleaning Co's Gross Margin % for the three months ended in Mar. 2024 was 12.21%.


National Cleaning Co COGS-to-Revenue Historical Data

The historical data trend for National Cleaning Co'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.

* Premium members only.

National Cleaning Co COGS-to-Revenue Chart

National Cleaning Co Annual Data
Trend Dec11 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.95 1.03 0.99 0.91

National Cleaning Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.96 0.92 0.85 0.88

National Cleaning Co COGS-to-Revenue Calculation

National Cleaning Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=31.34 / 34.542
=0.91

National Cleaning Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=7.491 / 8.533
=0.88

* 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.


National Cleaning Co  (KUW:CLEANING) COGS-to-Revenue Explanation

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

National Cleaning Co'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 - 7.491 / 8.533
=12.21 %

* 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.

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.


National Cleaning Co COGS-to-Revenue Related Terms

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National Cleaning Co (KUW:CLEANING) Business Description

Traded in Other Exchanges
N/A
Address
Near National Oil Company, P.O Box 25702, North Sabhan, Safat, Kuwait City, KWT, 13118
National Cleaning Co is a Kuwait based company. It has three segments. The Cleaning segment, which is the key revenue driver, includes external cleaning contracts, environment cleaning contracts, and supply and sale of cleaning materials and the materials necessary to remedy environmental pollution. The Agriculture and animal production segment includes contracts for the construction, landscaping, beautifying, and cleaning of parks and related agricultural works and trading in agricultural equipment and anima production. The Financial investment segment includes investing in money market instruments and investment in the management of quoted and unquoted equity in the organized financial market. Geographically, it has a presence in Kuwait, Qatar, Turkey, and India.

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