Century Casinos (WBO:CNTY) COGS-to-Revenue : 0.57 (As of Mar. 2024)

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What is Century Casinos COGS-to-Revenue?

Century Casinos's Cost of Goods Sold for the three months ended in Mar. 2024 was €71.6 Mil. Its Revenue for the three months ended in Mar. 2024 was €125.1 Mil.

Century Casinos's COGS to Revenue for the three months ended in Mar. 2024 was 0.57.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Century Casinos's Gross Margin % for the three months ended in Mar. 2024 was 42.82%.

Century Casinos COGS-to-Revenue Historical Data

The historical data trend for Century Casinos'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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Century Casinos COGS-to-Revenue Chart

Century Casinos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.58

0.56

0.52

0.54

0.56

Century Casinos 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															0.54	0.52	0.57	0.58	0.57

Century Casinos COGS-to-Revenue Calculation

Century Casinos's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	281.879	/	504.539
	=	0.56

Century Casinos's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	71.553	/	125.136
	=	0.57

Century Casinos (WBO:CNTY) COGS-to-Revenue Explanation

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

Century Casinos'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	-	71.553 / 125.136
	=	42.82 %

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.

Century Casinos COGS-to-Revenue Related Terms

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Century Casinos (WBO:CNTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Century Casinos Inc (WBO:CNTY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CNTY:USA CNT:Germany

Address

455 East Pikes Peak Avenue, Suite 210, Colorado Springs, CO, USA, 80903

Website

https://www.cnty.com

Century Casinos Inc is a casino entertainment company that develops and operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting), and entertainment facilities in North America. The company has three reportable segments based on the geographical locations in which its casinos operate; United States; Century Casino & Hotel-Central City, and Century Casino & Hotel-Cripple Creek in Colorado, Mountaineer Casino, Racetrack & Resort in West Virginia, and Century Casino Caruthersville, and Century Casino Cape Girardeau in Missouri, Canada; Century Casino & Hotel, Century Casino St. Albert, Century Mile Racetrack in Edmonton and Casino Century Downs Racetrack and Casino in Calgary, and Poland; Casinos Poland.