HiTech Group Australia (ASX:HIT) COGS-to-Revenue : 0.80 (As of Dec. 2024)

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What is HiTech Group Australia COGS-to-Revenue?

HiTech Group Australia's Cost of Goods Sold for the six months ended in Dec. 2024 was A$27.48 Mil. Its Revenue for the six months ended in Dec. 2024 was A$34.47 Mil.

HiTech Group Australia's COGS to Revenue for the six months ended in Dec. 2024 was 0.80.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. HiTech Group Australia's Gross Margin % for the six months ended in Dec. 2024 was 20.28%.

HiTech Group Australia COGS-to-Revenue Historical Data

The historical data trend for HiTech Group Australia'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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HiTech Group Australia COGS-to-Revenue Chart

HiTech Group Australia Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

COGS-to-Revenue

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0.82

0.83

0.85

0.80

HiTech Group Australia Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
COGS-to-Revenue	Get a 7-Day Free Trial															0.88	0.82	0.80	0.80	0.80

HiTech Group Australia COGS-to-Revenue Calculation

HiTech Group Australia's COGS to Revenue for the fiscal year that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	50.641	/	63.448
	=	0.80

HiTech Group Australia's COGS to Revenue for the quarter that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	27.48	/	34.472
	=	0.80

HiTech Group Australia (ASX:HIT) COGS-to-Revenue Explanation

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

HiTech Group Australia's Gross Margin % for the six months ended in Dec. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	27.48 / 34.472
	=	20.28 %

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.

HiTech Group Australia COGS-to-Revenue Related Terms

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HiTech Group Australia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HiTech Group Australia Ltd (ASX:HIT) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

Gateway Tower, SE3701b, Level 37, 1 Macquarie Place, Sydney, NSW, AUS, 2000

Website

https://www.hitechaust.com

HiTech Group Australia Ltd is engaged in recruitment services for permanent and contract staff to the ICT sector. It currently supplies permanent and contract staff from its database of over specialised ICT, Finance and Office Support professionals. Its main business comes from IT contracting/consulting.