Audioboom Group (LSE:BOOM) COGS-to-Revenue : 1.10 (As of Jun. 2023)

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What is Audioboom Group COGS-to-Revenue?

Audioboom Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £27.68 Mil. Its Revenue for the six months ended in Jun. 2023 was £25.19 Mil.

Audioboom Group's COGS to Revenue for the six months ended in Jun. 2023 was 1.10.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Audioboom Group's Gross Margin % for the six months ended in Jun. 2023 was -9.89%.

Audioboom Group COGS-to-Revenue Historical Data

The historical data trend for Audioboom 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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Audioboom Group COGS-to-Revenue Chart

Audioboom Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.78

0.77

0.78

0.81

1.04

Audioboom Group Semi-Annual Data
	Mar12	May13	Nov13	May15	Nov15	May16	Nov16	May17	Nov17	May18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.78	0.80	0.82	1.10	-

Audioboom Group COGS-to-Revenue Calculation

Audioboom 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
	=	53.407	/	51.374
	=	1.04

Audioboom Group's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	27.684	/	25.192
	=	1.10

Audioboom Group (LSE:BOOM) COGS-to-Revenue Explanation

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

Audioboom Group's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	27.684 / 25.192
	=	-9.89 %

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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Audioboom Group (LSE:BOOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Audioboom Group PLC (LSE:BOOM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.audioboomplc.com

Audioboom Group PLC is a podcast company that operates spoken-word audio platforms and a digital online marketplace for hosting, distributing, and monetizing content. It works with broadcasters, content creators, and podcasters around the world. The company has operational footprints across the United Kingdom, the Rest of the World, and the USA. The company's hosting and distribution platform allows partners to embed, share via social channels, and re-syndicate their content.