Qantas Airways (ASX:QAN) COGS-to-Revenue : 0.46 (As of Dec. 2023)

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What is Qantas Airways COGS-to-Revenue?

Qantas Airways's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5,094 Mil. Its Revenue for the six months ended in Dec. 2023 was A$10,958 Mil.

Qantas Airways's COGS to Revenue for the six months ended in Dec. 2023 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Qantas Airways's Gross Margin % for the six months ended in Dec. 2023 was 53.51%.

Qantas Airways COGS-to-Revenue Historical Data

The historical data trend for Qantas Airways'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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Qantas Airways COGS-to-Revenue Chart

Qantas Airways Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.45

0.46

0.42

0.48

0.44

Qantas Airways Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.47	0.49	0.43	0.44	0.46

Qantas Airways COGS-to-Revenue Calculation

Qantas Airways's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8551	/	19521
	=	0.44

Qantas Airways's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5094	/	10958
	=	0.46

Qantas Airways (ASX:QAN) COGS-to-Revenue Explanation

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

Qantas Airways's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	5094 / 10958
	=	53.51 %

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.

Qantas Airways COGS-to-Revenue Related Terms

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Qantas Airways (ASX:QAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qantas Airways Ltd (ASX:QAN) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

QUBSF:USA QABSY:USA QAN:Germany

Address

10 Bourke Road, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.qantas.com

Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.

Qantas Airways (ASX:QAN) Headlines

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