Converge Information And Communications Technology Solutions (PHS:CNVRG) COGS-to-Revenue : 0.35 (As of Mar. 2024)

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What is Converge Information And Communications Technology Solutions COGS-to-Revenue?

Converge Information And Communications Technology Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱3,331 Mil. Its Revenue for the three months ended in Mar. 2024 was ₱9,540 Mil.

Converge Information And Communications Technology Solutions's COGS to Revenue for the three months ended in Mar. 2024 was 0.35.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Converge Information And Communications Technology Solutions's Gross Margin % for the three months ended in Mar. 2024 was 65.08%.

Converge Information And Communications Technology Solutions COGS-to-Revenue Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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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Converge Information And Communications Technology Solutions COGS-to-Revenue Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.49

0.45

0.40

0.36

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial														0.33	0.33	0.37	0.42	0.35

Converge Information And Communications Technology Solutions COGS-to-Revenue Calculation

Converge Information And Communications Technology Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12710.404	/	35359.344
	=	0.36

Converge Information And Communications Technology Solutions's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3330.785	/	9539.571
	=	0.35

Converge Information And Communications Technology Solutions (PHS:CNVRG) COGS-to-Revenue Explanation

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

Converge Information And Communications Technology Solutions'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	-	3330.785 / 9539.571
	=	65.08 %

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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Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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