Millennium Services Group (ASX:MIL) COGS-to-Revenue : 0.13 (As of Dec. 2023)

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What is Millennium Services Group COGS-to-Revenue?

Millennium Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$19.5 Mil. Its Revenue for the six months ended in Dec. 2023 was A$149.2 Mil.

Millennium Services Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.13.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Millennium Services Group's Gross Margin % for the six months ended in Dec. 2023 was 86.96%.

Millennium Services Group COGS-to-Revenue Historical Data

The historical data trend for Millennium Services 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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Millennium Services Group COGS-to-Revenue Chart

Millennium Services Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.15

0.13

0.15

0.18

0.15

Millennium Services Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial										0.18	0.18	0.15	0.14	0.13

Millennium Services Group COGS-to-Revenue Calculation

Millennium Services Group's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	39.224	/	265.76
	=	0.15

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	19.468	/	149.242
	=	0.13

Millennium Services Group (ASX:MIL) COGS-to-Revenue Explanation

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

Millennium Services Group'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	-	19.468 / 149.242
	=	86.96 %

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.

Millennium Services Group COGS-to-Revenue Related Terms

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Millennium Services Group (ASX:MIL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

631 Springvale Road, Level 3, Mulgrave, VIC, AUS, 3170

Website

https://www.millenniumsg.com

Millennium Services Group Ltd provides cleaning, security, maintenance and integrated services. The company offers services to the retail shopping centre, commercial property, and commonwealth and state government sectors. The company segments include Cleaning and Security. The company generates maximum revenue from the Cleaning segment.

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