Avid Bioservices (STU:TEHN) COGS-to-Revenue : 0.93 (As of Jan. 2024)

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What is Avid Bioservices COGS-to-Revenue?

Avid Bioservices's Cost of Goods Sold for the three months ended in Jan. 2024 was €28.9 Mil. Its Revenue for the three months ended in Jan. 2024 was €31.0 Mil.

Avid Bioservices's COGS to Revenue for the three months ended in Jan. 2024 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Avid Bioservices's Gross Margin % for the three months ended in Jan. 2024 was 7.05%.

Avid Bioservices COGS-to-Revenue Historical Data

The historical data trend for Avid Bioservices'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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Avid Bioservices COGS-to-Revenue Chart

Avid Bioservices Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

COGS-to-Revenue

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0.87

0.93

0.69

0.79

Avid Bioservices Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
COGS-to-Revenue	Get a 7-Day Free Trial															0.74	0.79	0.89	1.18	0.93

Avid Bioservices COGS-to-Revenue Calculation

Avid Bioservices's COGS to Revenue for the fiscal year that ended in Apr. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	107.421	/	136.131
	=	0.79

Avid Bioservices's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	28.854	/	31.042
	=	0.93

Avid Bioservices (STU:TEHN) COGS-to-Revenue Explanation

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

Avid Bioservices's Gross Margin % for the three months ended in Jan. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	28.854 / 31.042
	=	7.05 %

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.

Avid Bioservices COGS-to-Revenue Related Terms

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Avid Bioservices (STU:TEHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avid Bioservices Inc (STU:TEHN) » Definitions » COGS-to-Revenue

Comparable Companies

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CDMO:USA

Address

14191 Myford Road, Tustin, CA, USA, 92780

Website

https://www.avidbio.com

Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on the development and Current Good Manufacturing Practices (CGMP) of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development and high-quality CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries.

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