Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) COGS-to-Revenue : 4.78 (As of Mar. 2024)

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What is Turism Hoteluri Restaurante Marea Neagra COGS-to-Revenue?

Turism Hoteluri Restaurante Marea Neagra's Cost of Goods Sold for the three months ended in Mar. 2024 was lei0.56 Mil. Its Revenue for the three months ended in Mar. 2024 was lei0.12 Mil.

Turism Hoteluri Restaurante Marea Neagra's COGS to Revenue for the three months ended in Mar. 2024 was 4.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Turism Hoteluri Restaurante Marea Neagra's Gross Margin % for the three months ended in Mar. 2024 was -377.97%.

Turism Hoteluri Restaurante Marea Neagra COGS-to-Revenue Historical Data

The historical data trend for Turism Hoteluri Restaurante Marea Neagra'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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Turism Hoteluri Restaurante Marea Neagra COGS-to-Revenue Chart

Turism Hoteluri Restaurante Marea Neagra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.51

0.75

0.53

0.55

4.48

Turism Hoteluri Restaurante Marea Neagra 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															56.92	46.57	5.49	1.85	4.78

Turism Hoteluri Restaurante Marea Neagra COGS-to-Revenue Calculation

Turism Hoteluri Restaurante Marea Neagra's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5.593	/	1.248
	=	4.48

Turism Hoteluri Restaurante Marea Neagra's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.564	/	0.118
	=	4.78

Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) COGS-to-Revenue Explanation

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

Turism Hoteluri Restaurante Marea Neagra'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	-	0.564 / 0.118
	=	-377.97 %

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.

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Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Turism Hoteluri Restaurante Marea Neagra SA (BSE:EFO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lavrion Street, No. 29, Constanta County, Mangalia, ROU, 905500

Website

https://www.thrmareaneagra.ro

Turism Hoteluri Restaurante Marea Neagra SA is engaged in providing tourist services. It provides resort and various types of accommodation and food services in the resorts and hotels of Black Sea resorts of Eforie Nord, Eforie Sud, Venus and Saturn. The services provided by the company are completed by the health and treatment offers in spa units situated in Bran-Brad-Bega, Balada, Hora, and Sirena. Geographically the operations are carried out through the region of Romania.

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