Corporacion Aceros Arequipa (LIM:CORAREC1) COGS-to-Revenue : 0.84 (As of Mar. 2024)

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What is Corporacion Aceros Arequipa COGS-to-Revenue?

Corporacion Aceros Arequipa's Cost of Goods Sold for the three months ended in Mar. 2024 was S/.951 Mil. Its Revenue for the three months ended in Mar. 2024 was S/.1,131 Mil.

Corporacion Aceros Arequipa's COGS to Revenue for the three months ended in Mar. 2024 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Corporacion Aceros Arequipa's Gross Margin % for the three months ended in Mar. 2024 was 15.92%.

Corporacion Aceros Arequipa COGS-to-Revenue Historical Data

The historical data trend for Corporacion Aceros Arequipa'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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Corporacion Aceros Arequipa COGS-to-Revenue Chart

Corporacion Aceros Arequipa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

0.81

0.75

0.85

0.89

Corporacion Aceros Arequipa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.89	0.89	0.90	0.87	0.84

Corporacion Aceros Arequipa COGS-to-Revenue Calculation

Corporacion Aceros Arequipa's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4178.872	/	4678.18
	=	0.89

Corporacion Aceros Arequipa's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	950.894	/	1131.004
	=	0.84

Corporacion Aceros Arequipa (LIM:CORAREC1) COGS-to-Revenue Explanation

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

Corporacion Aceros Arequipa'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	-	950.894 / 1131.004
	=	15.92 %

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.

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Corporacion Aceros Arequipa (LIM:CORAREC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corporacion Aceros Arequipa SA (LIM:CORAREC1) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

CORAREI1:Peru

Address

Carretera Panamericana Sur Km. 241, Paracas, Pisco, PER

Website

https://www.acerosarequipa.com

Corporacion Aceros Arequipa SA is a Peru-based company that manufactures, distributes, and markets iron, steel, and other metal products. Its product portfolio consists of rebar, flat bars, merchant bars, coils, sheets, tubes, and corrugated sheets, among others. The firm's products are used in construction, mining, heavy metalworking industry, and others. Geographically the majority of its revenue comes from Peru.

Corporacion Aceros Arequipa (LIM:CORAREC1) Headlines

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