Ashtead Technology Holdings (LSE:AT.) COGS-to-Revenue : 0.22 (As of Dec. 2023)

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What is Ashtead Technology Holdings COGS-to-Revenue?

Ashtead Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was £13.6 Mil. Its Revenue for the six months ended in Dec. 2023 was £60.6 Mil.

Ashtead Technology Holdings's COGS to Revenue for the six months ended in Dec. 2023 was 0.22.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ashtead Technology Holdings's Gross Margin % for the six months ended in Dec. 2023 was 77.57%.

Ashtead Technology Holdings COGS-to-Revenue Historical Data

The historical data trend for Ashtead Technology Holdings'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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Ashtead Technology Holdings COGS-to-Revenue Chart

Ashtead Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.25

0.26

0.27

0.26

0.22

Ashtead Technology Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial					0.27	0.27	0.25	0.21	0.22

Ashtead Technology Holdings COGS-to-Revenue Calculation

Ashtead Technology Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	24.168	/	110.466
	=	0.22

Ashtead Technology Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.595	/	60.62
	=	0.22

Ashtead Technology Holdings (LSE:AT.) COGS-to-Revenue Explanation

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

Ashtead Technology Holdings's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	13.595 / 60.62
	=	77.57 %

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.

Ashtead Technology Holdings COGS-to-Revenue Related Terms

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Ashtead Technology Holdings (LSE:AT.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashtead Technology Holdings PLC (LSE:AT.) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

Y9R:Germany

Address

Ashtead House, Discovery Drive, Westhill, Aberdeenshire, GBR, AB32 6FG

Website

https://www.ashtead-technology.com

Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe; the Americas; Asia-Pacific and the Middle East.

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