First Steamship Co (TPE:2601) COGS-to-Revenue : 0.35 (As of Mar. 2024)

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What is First Steamship Co COGS-to-Revenue?

First Steamship Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$452 Mil. Its Revenue for the three months ended in Mar. 2024 was NT$1,293 Mil.

First Steamship Co'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. First Steamship Co's Gross Margin % for the three months ended in Mar. 2024 was 65.03%.

First Steamship Co COGS-to-Revenue Historical Data

The historical data trend for First Steamship 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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First Steamship Co COGS-to-Revenue Chart

First Steamship Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.33

0.44

0.36

0.32

0.34

First Steamship Co Quarterly Data
	Jun19	Sep19	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															0.32	0.35	0.35	0.35	0.35

First Steamship Co COGS-to-Revenue Calculation

First Steamship 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
	=	1893.928	/	5501.923
	=	0.34

First Steamship Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	452.281	/	1293.337
	=	0.35

First Steamship Co (TPE:2601) COGS-to-Revenue Explanation

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

First Steamship 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	-	452.281 / 1293.337
	=	65.03 %

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.

First Steamship Co COGS-to-Revenue Related Terms

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First Steamship Co (TPE:2601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » First Steamship Co Ltd (TPE:2601) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Fuxing S Road, Da’an, 14th Floor, No.237, Sec. 2, Taipei, TWN, 106

Website

https://www.firsteam.com.tw

First Steamship Co Ltd is Taiwan based company whose business activities are providing business consultation services and investments and selling, renting, investing in construction. Its business activities involve domestic and international sea transportation and related businesses, trading of vessels and related products, providing services of financial leasing, providing business consultation services, trading of cosmetics, furnishings and etc., investments, and selling, renting, investing in construction. It has four operating segments: Shipping business, investing department, retail business, and rental department.

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