Enlight Renewable Energy (Enlight Renewable Energy) COGS-to-Revenue : 0.44 (As of Mar. 2024)

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What is Enlight Renewable Energy COGS-to-Revenue?

Enlight Renewable Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was $40.2 Mil. Its Revenue for the three months ended in Mar. 2024 was $90.4 Mil.

Enlight Renewable Energy's COGS to Revenue for the three months ended in Mar. 2024 was 0.44.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Enlight Renewable Energy's Gross Margin % for the three months ended in Mar. 2024 was 55.56%.

Enlight Renewable Energy COGS-to-Revenue Historical Data

The historical data trend for Enlight Renewable Energy'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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Enlight Renewable Energy COGS-to-Revenue Chart

Enlight Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.38

0.43

0.40

0.42

0.46

Enlight Renewable Energy 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															0.32	0.44	0.51	0.55	0.44

Enlight Renewable Energy COGS-to-Revenue Calculation

Enlight Renewable Energy's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	116.643	/	255.702
	=	0.46

Enlight Renewable Energy's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	40.168	/	90.397
	=	0.44

Enlight Renewable Energy (NAS:ENLT) COGS-to-Revenue Explanation

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

Enlight Renewable Energy'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	-	40.168 / 90.397
	=	55.56 %

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.

Enlight Renewable Energy COGS-to-Revenue Related Terms

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Enlight Renewable Energy (Enlight Renewable Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enlight Renewable Energy Ltd (NAS:ENLT) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

ENLT:Israel

Address

13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249

Website

https://www.enlightenergy.co.il

Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.