Theeb Car Rental Co (SAU:4261) COGS-to-Revenue : 0.68 (As of Mar. 2024)

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What is Theeb Car Rental Co COGS-to-Revenue?

Theeb Car Rental Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼208 Mil. Its Revenue for the three months ended in Mar. 2024 was ﷼307 Mil.

Theeb Car Rental Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Theeb Car Rental Co's Gross Margin % for the three months ended in Mar. 2024 was 32.25%.

Theeb Car Rental Co COGS-to-Revenue Historical Data

The historical data trend for Theeb Car Rental Co'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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Theeb Car Rental Co COGS-to-Revenue Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.75

0.67

0.64

0.68

Theeb Car Rental Co Quarterly Data
	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												0.67	0.71	0.68	0.69	0.68

Theeb Car Rental Co COGS-to-Revenue Calculation

Theeb Car Rental Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	776.529	/	1135.394
	=	0.68

Theeb Car Rental Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	207.71	/	306.574
	=	0.68

Theeb Car Rental Co (SAU:4261) COGS-to-Revenue Explanation

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

Theeb Car Rental Co'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	-	207.71 / 306.574
	=	32.25 %

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.

Theeb Car Rental Co COGS-to-Revenue Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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