Africa Prudential (NSA:AFRIPRUD) COGS-to-Revenue : 0.37 (As of Mar. 2024)

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What is Africa Prudential COGS-to-Revenue?

Africa Prudential's Cost of Goods Sold for the three months ended in Mar. 2024 was ₦21.7 Mil. Its Revenue for the three months ended in Mar. 2024 was ₦59.1 Mil.

Africa Prudential's COGS to Revenue for the three months ended in Mar. 2024 was 0.37.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Africa Prudential's Gross Margin % for the three months ended in Mar. 2024 was 63.29%.

Africa Prudential COGS-to-Revenue Historical Data

The historical data trend for Africa Prudential'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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Africa Prudential COGS-to-Revenue Chart

Africa Prudential Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.38

0.53

0.41

0.38

1.02

Africa Prudential Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.29	0.66	0.10	-	0.37

Africa Prudential COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	890.726	/	872.573
	=	1.02

Africa Prudential's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	21.688	/	59.087
	=	0.37

Africa Prudential (NSA:AFRIPRUD) COGS-to-Revenue Explanation

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

Africa Prudential'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	-	21.688 / 59.087
	=	63.29 %

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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Africa Prudential (NSA:AFRIPRUD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Africa Prudential PLC (NSA:AFRIPRUD) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

220B, Ikorodu Road, Palmgrove, Lagos, NGA

Website

https://www.africaprudential.com

Africa Prudential PLC is an investor service and business solutions, provider. The company's competency in digital technology covers advanced Agile and other Software Development life Circle (SDLC) Methodologies, Cyber Security, Cloud Computing, Design thinking/product Development Labs, Blockchain technology, among others. The Company deploys Software as a Service ( SaaS) which are scalable for various sizes of organizations.

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