Asian Sea PCL (BKK:ASIAN) COGS-to-Revenue : 0.83 (As of Mar. 2024)

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What is Asian Sea PCL COGS-to-Revenue?

Asian Sea PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿2,152 Mil. Its Revenue for the three months ended in Mar. 2024 was ฿2,608 Mil.

Asian Sea PCL's COGS to Revenue for the three months ended in Mar. 2024 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Asian Sea PCL's Gross Margin % for the three months ended in Mar. 2024 was 17.48%.

Asian Sea PCL COGS-to-Revenue Historical Data

The historical data trend for Asian Sea PCL'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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Asian Sea PCL COGS-to-Revenue Chart

Asian Sea PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.92

0.84

0.80

0.82

0.87

Asian Sea PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.91	0.89	0.84	0.86	0.83

Asian Sea PCL COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8378.26	/	9580.88
	=	0.87

Asian Sea PCL's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2152.155	/	2608.062
	=	0.83

Asian Sea PCL (BKK:ASIAN) COGS-to-Revenue Explanation

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

Asian Sea PCL's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2152.155 / 2608.062
	=	17.48 %

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.

Asian Sea PCL COGS-to-Revenue Related Terms

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Asian Sea PCL (BKK:ASIAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asian Sea Corp PCL (BKK:ASIAN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

55/2 Moo 2 Rama 2 Road, Bangkrajao, Muang, Samutsakhon, THA, 74000

Website

https://asiansea.co.th

Asian Sea Corp PCL is principally engaged in the production of processed frozen seafood and the provision of cold storage services. The company operates in various segments that include Frozen and packaged food products, Feedstuff, and Other business in cold storage services. The Feedstuff segment earns the maximum revenue for the company. Its product line consists of raw shrimps, cooked shrimps, squids, cuttlefish, octopuses, tuna, and pre-fried, deep-fried, and grilled seafood. It distributes products under the brand names TCC, ASS, Sakura, and Asian Seafood among others. Geographically, it derives a majority of its revenue from the United States of America.

Asian Sea PCL (BKK:ASIAN) Headlines

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