Meere Co (XKRX:049950) COGS-to-Revenue : 0.93 (As of Mar. 2024)

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What is Meere Co COGS-to-Revenue?

Meere Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩6,552 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩7,013 Mil.

Meere Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meere Co's Gross Margin % for the three months ended in Mar. 2024 was 6.57%.

Meere Co COGS-to-Revenue Historical Data

The historical data trend for Meere 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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Meere Co COGS-to-Revenue Chart

Meere Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.72

0.91

0.73

0.63

0.69

Meere 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															0.63	0.69	0.72	0.79	0.93

Meere Co COGS-to-Revenue Calculation

Meere 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
	=	75909.613	/	109474.293
	=	0.69

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6551.978	/	7013.075
	=	0.93

Meere Co (XKRX:049950) COGS-to-Revenue Explanation

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

Meere 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	-	6551.978 / 7013.075
	=	6.57 %

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.

Meere Co COGS-to-Revenue Related Terms

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Meere Co (XKRX:049950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Meere Co Inc (XKRX:049950) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

69-12, Jeongmunsongsan-ro, Yanggam-Myeon, Hwaseong, Gyeonggi, KOR

Website

http://www.meerecompany.com

Meere Co Inc designs & develops components & equipment for liquid crystal display, semi-conductor automation & solar battery. Its products include grinder, inspection, laser machine, wafer sorter, auto packing machine, memory repair, three dimensional (3D) thickness metrology and 3-dimensional surface profiler, laser scriber, cell counter, surgical robot, and time of flight 3D range camera.

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