Salem Media Group (Salem Media Group) COGS-to-Revenue : 0.89 (As of Sep. 2023)

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What is Salem Media Group COGS-to-Revenue?

Salem Media Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $56.6 Mil. Its Revenue for the three months ended in Sep. 2023 was $63.5 Mil.

Salem Media Group's COGS to Revenue for the three months ended in Sep. 2023 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Salem Media Group's Gross Margin % for the three months ended in Sep. 2023 was 10.85%.

Salem Media Group COGS-to-Revenue Historical Data

The historical data trend for Salem Media Group'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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Salem Media Group COGS-to-Revenue Chart

Salem Media Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.78

0.80

0.82

0.79

0.82

Salem Media Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.84	0.84	0.90	0.89	0.89

Salem Media Group COGS-to-Revenue Calculation

Salem Media Group's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	219.884	/	266.966
	=	0.82

Salem Media Group's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	56.606	/	63.497
	=	0.89

Salem Media Group (OTCPK:SALM) COGS-to-Revenue Explanation

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

Salem Media Group's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	56.606 / 63.497
	=	10.85 %

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.

Salem Media Group COGS-to-Revenue Related Terms

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Salem Media Group (Salem Media Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Salem Media Group Inc (OTCPK:SALM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

YSLA:Germany

Address

6400 North Belt Line Road, Irving, TX, USA, 75063

Website

http://www.salemmedia.com

Salem Media Group Inc is a domestic multimedia company with integrated operations including radio broadcasting, digital media, and publishing. The company has three operating segments, Broadcast, Digital Media, and Publishing. Digital media-based businesses provide Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web.

Executives

Jacki L Pick	director	6400 N BELT LINE ROAD, IRVING TX 75063
Eugene Allen Power	officer: President Broadcast Media	6400 NORTH BELT LINE ROAD, IRVING TX 75063
Epperson 2022 Gst Trust	10 percent owner	3780 WILL SCARLET ROAD, WINSTON SALEM NC 27104
Epperson Stuart W. Jr.	director, 10 percent owner	4880 SANTA ROSA RD., CAMARILLO CA 93012
Stuart W Epperson	10 percent owner	3780 WILL SCARLET RD, WINSTON SALEM NC 27104
Evan D Masyr	officer: V.P. and Corporate Controller	4880 SANTA ROSA ROAD, STE 300, CAMARILLO CA 93012
David P Santrella	officer: President - Broadcast Media	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Christopher J Henderson	officer: SVP, General Counsel & Secy	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
David Evans	officer: Senior Vice President and CFO	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Atsinger Edward G Iii	director, 10 percent owner, officer: CEO and President	4880 SANTA ROSA RD, CAMARILLO CA 93012
Heather W Grizzle	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93010
James Keet Lewis	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Edward C. Atsinger	director	6400 NORTH BELT LINE ROAD, IRVING TX 75063
Jonathan Venverloh	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Eric H Halvorson	director	4880 SANTA ROSA RD, CAMARILLO CA 93012