Mongolian Mining (Mongolian Mining) COGS-to-Revenue : 0.58 (As of Dec. 2023)

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What is Mongolian Mining COGS-to-Revenue?

Mongolian Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was $302 Mil. Its Revenue for the six months ended in Dec. 2023 was $518 Mil.

Mongolian Mining's COGS to Revenue for the six months ended in Dec. 2023 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mongolian Mining's Gross Margin % for the six months ended in Dec. 2023 was 41.79%.

Mongolian Mining COGS-to-Revenue Historical Data

The historical data trend for Mongolian Mining'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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Mongolian Mining COGS-to-Revenue Chart

Mongolian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.69

0.88

0.83

0.57

Mongolian Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															1.02	1.19	0.74	0.56	0.58

Mongolian Mining COGS-to-Revenue Calculation

Mongolian Mining's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	593.18	/	1034.821
	=	0.57

Mongolian Mining's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	301.583	/	518.12
	=	0.58

Mongolian Mining (OTCPK:MOGLF) COGS-to-Revenue Explanation

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

Mongolian Mining'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	-	301.583 / 518.12
	=	41.79 %

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.

Mongolian Mining COGS-to-Revenue Related Terms

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Mongolian Mining (Mongolian Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolian Mining Corp (OTCPK:MOGLF) » Definitions » COGS-to-Revenue

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00975:Hong Kong 29X2:Germany

Address

Central Tower, 16th Floor, Sukhbaatar District, Ulaanbaatar, MNG, 14200

Website

https://www.mmc.mn

Mongolian Mining Corp, together with its subsidiaries, engages in the mining, processing, transportation, and sale of coal products in Mongolia. The company owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines located in the Umnugobi aimag, Mongolia. The company generates revenue from the sale of Washed hard-coking coal, Washed semi-soft coking coal, Washed thermal coal, and Raw thermal coal. The majority of the revenue is generated from the sale of Washed hard-coking coal. China accounts for the majority of the sale of its products.

Mongolian Mining (Mongolian Mining) Headlines

From GuruFocus

Mongolian Mining Corp.: A High-Profit-Margin Play with Room to Grow

By Yiannis Mostrous Yiannis Mostrous • 03-09-2012