Nurminen Logistics Oyj (Nurminen Logistics Oyj) COGS-to-Revenue : 0.74 (As of Dec. 2023)

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What is Nurminen Logistics Oyj COGS-to-Revenue?

Nurminen Logistics Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was $57.7 Mil. Its Revenue for the six months ended in Dec. 2023 was $77.7 Mil.

Nurminen Logistics Oyj's COGS to Revenue for the six months ended in Dec. 2023 was 0.74.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nurminen Logistics Oyj's Gross Margin % for the six months ended in Dec. 2023 was 25.72%.

Nurminen Logistics Oyj COGS-to-Revenue Historical Data

The historical data trend for Nurminen Logistics Oyj'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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Nurminen Logistics Oyj COGS-to-Revenue Chart

Nurminen Logistics Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.92

0.91

0.87

0.89

0.75

Nurminen Logistics Oyj 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															0.85	0.91	0.88	0.76	0.74

Nurminen Logistics Oyj COGS-to-Revenue Calculation

Nurminen Logistics Oyj's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	104.869	/	139.532
	=	0.75

Nurminen Logistics Oyj's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	57.707	/	77.692
	=	0.74

Nurminen Logistics Oyj (GREY:NRNMF) COGS-to-Revenue Explanation

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

Nurminen Logistics Oyj'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	-	57.707 / 77.692
	=	25.72 %

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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Nurminen Logistics Oyj (Nurminen Logistics Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nurminen Logistics Oyj (GREY:NRNMF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NLG1V:Finland 8I4:Germany

Address

Satamakaari 24, Helsinki, FIN, 00980

Website

https://www.nurminenlogistics.com

Nurminen Logistics Oyj is engaged in the provision of logistics services. The company offers high-quality rail transport, terminal, and multimodal solutions between Asia and Europe and in the Nordic and Baltic countries. The company's revenue consists mainly of forwarding services, railway transport and terminal services. The company also receives income from short-term and long-term warehousing services. Geographically, it derives most of its revenue from Baltic countries and has a presence in Russia.

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