Fortnox AB (CHIX:FNOXS) COGS-to-Revenue : 0.36 (As of Mar. 2025)

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What is Fortnox AB COGS-to-Revenue?

Fortnox AB's Cost of Goods Sold for the three months ended in Mar. 2025 was kr202 Mil. Its Revenue for the three months ended in Mar. 2025 was kr563 Mil.

Fortnox AB's COGS to Revenue for the three months ended in Mar. 2025 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fortnox AB's Gross Margin % for the three months ended in Mar. 2025 was 64.12%.

Fortnox AB COGS-to-Revenue Historical Data

The historical data trend for Fortnox AB'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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Fortnox AB COGS-to-Revenue Chart

Fortnox AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.43

0.41

0.38

0.36

0.37

Fortnox AB Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.38	0.38	0.36	0.37	0.36

Fortnox AB COGS-to-Revenue Calculation

Fortnox AB's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	759	/	2045
	=	0.37

Fortnox AB's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	202	/	563
	=	0.36

Fortnox AB (CHIX:FNOXs) COGS-to-Revenue Explanation

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

Fortnox AB's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	202 / 563
	=	64.12 %

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.

Fortnox AB COGS-to-Revenue Related Terms

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Fortnox AB Business Description

Industry

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Traded in Other Exchanges

FNOXF:USA FNOX:Sweden 0G3T:UK 9E80:Germany

Address

Bollgatan 3B, Vaxjo, SWE, SE-352 46

Website

https://www.fortnox.se

Fortnox AB provides internet-based business applications that offer products, packages, and integrations to cover a business's financial and administrative needs by creating easy flows in accounting, invoicing, financing, and managing employees. Its segments are Businesses, Accounting Firms, Core Products, Financial Services, and Marketplaces. The maximum of its revenue is derived from the Core Products segment.

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