Suminoe Textile Co (TSE:3501) COGS-to-Revenue : 0.78 (As of Feb. 2024)

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What is Suminoe Textile Co COGS-to-Revenue?

Suminoe Textile Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円20,195 Mil. Its Revenue for the three months ended in Feb. 2024 was 円25,770 Mil.

Suminoe Textile Co's COGS to Revenue for the three months ended in Feb. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Suminoe Textile Co's Gross Margin % for the three months ended in Feb. 2024 was 21.63%.

Suminoe Textile Co COGS-to-Revenue Historical Data

The historical data trend for Suminoe Textile 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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Suminoe Textile Co COGS-to-Revenue Chart

Suminoe Textile Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

COGS-to-Revenue

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0.79

0.80

0.79

0.80

Suminoe Textile Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															0.79	0.78	0.79	0.79	0.78

Suminoe Textile Co COGS-to-Revenue Calculation

Suminoe Textile Co's COGS to Revenue for the fiscal year that ended in May. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	75400	/	94828
	=	0.80

Suminoe Textile Co's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	20195	/	25770
	=	0.78

Suminoe Textile Co (TSE:3501) COGS-to-Revenue Explanation

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

Suminoe Textile Co's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	20195 / 25770
	=	21.63 %

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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Suminoe Textile Co (TSE:3501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suminoe Textile Co Ltd (TSE:3501) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-11-20, Minamisenba, Chuo-ku, Osaka, JPN, 542-8504

Website

http://www.suminoe.jp

Suminoe Textile Co Ltd is a textile company based in Japan. The company is engaged in the following business segment which includes Interior Fittings; Automotive Textiles and Traffic Facilities; Functional Materials and Others. It generates maximum revenue from the Automotive Textiles and Traffic Facilities segment. Geographically, it derives a majority of revenue from Japan and also has a presence in North and Central America; Asia and other Countries.

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