Aegean Airlines (Aegean Airlines) COGS-to-Revenue : 0.92 (As of Jun. 2023)

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What is Aegean Airlines COGS-to-Revenue?

Aegean Airlines's Cost of Goods Sold for the six months ended in Jun. 2023 was $677 Mil. Its Revenue for the six months ended in Jun. 2023 was $735 Mil.

Aegean Airlines's COGS to Revenue for the six months ended in Jun. 2023 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Aegean Airlines's Gross Margin % for the six months ended in Jun. 2023 was 7.86%.

Aegean Airlines COGS-to-Revenue Historical Data

The historical data trend for Aegean Airlines'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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Aegean Airlines COGS-to-Revenue Chart

Aegean Airlines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.94

0.92

1.55

1.11

0.92

Aegean Airlines Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															1.52	0.99	1.08	0.84	0.92

Aegean Airlines COGS-to-Revenue Calculation

Aegean Airlines's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1305.08	/	1416.136
	=	0.92

Aegean Airlines's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	676.909	/	734.688
	=	0.92

Aegean Airlines (OTCPK:AGZNF) COGS-to-Revenue Explanation

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

Aegean Airlines's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	676.909 / 734.688
	=	7.86 %

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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Aegean Airlines (Aegean Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aegean Airlines SA (OTCPK:AGZNF) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.