Costamare (Costamare) COGS-to-Revenue : 0.75 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Costamare COGS-to-Revenue?

Costamare's Cost of Goods Sold for the three months ended in Dec. 2023 was $371 Mil. Its Revenue for the three months ended in Dec. 2023 was $495 Mil.

Costamare's COGS to Revenue for the three months ended in Dec. 2023 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Costamare's Gross Margin % for the three months ended in Dec. 2023 was 25.02%.

Costamare COGS-to-Revenue Historical Data

The historical data trend for Costamare'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.

* Premium members only.

Costamare COGS-to-Revenue Chart

Costamare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

Get a 7-Day Free Trial

0.52

0.54

0.44

0.46

0.71

Costamare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.51	0.60	0.73	0.72	0.75

Costamare COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1074.985	/	1511.406
	=	0.71

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	371.054	/	494.847
	=	0.75

Costamare (NYSE:CMRE) COGS-to-Revenue Explanation

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

Costamare's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	371.054 / 494.847
	=	25.02 %

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.

Costamare COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Costamare's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Costamare (Costamare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Costamare Inc (NYSE:CMRE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CMREpE.PFD:USA CMREpD.PFD:USA CMREpC.PFD:USA CMREpB.PFD:USA LCM:Germany LCM:Germany

Address

7 Rue du Gabian, Monaco, MCO, MC 98000

Website

https://www.costamare.com

Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.