Fly-E Group (Fly-E Group) COGS-to-Revenue : 0.60 (As of Dec. 2023)

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What is Fly-E Group COGS-to-Revenue?

Fly-E Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.46 Mil. Its Revenue for the three months ended in Dec. 2023 was $7.43 Mil.

Fly-E Group's COGS to Revenue for the three months ended in Dec. 2023 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fly-E Group's Gross Margin % for the three months ended in Dec. 2023 was 40.02%.

Fly-E Group COGS-to-Revenue Historical Data

The historical data trend for Fly-E 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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Fly-E Group COGS-to-Revenue Chart

Fly-E Group Annual Data

Trend

Mar22

Mar23

COGS-to-Revenue

0.81

0.62

Fly-E Group Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial			0.55	0.67	0.65	0.57	0.60

Fly-E Group COGS-to-Revenue Calculation

Fly-E Group's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.485	/	21.775
	=	0.62

Fly-E Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.455	/	7.428
	=	0.60

Fly-E Group (NAS:FLYE) COGS-to-Revenue Explanation

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

Fly-E Group's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4.455 / 7.428
	=	40.02 %

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.

Fly-E Group COGS-to-Revenue Related Terms

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Fly-E Group (Fly-E Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » COGS-to-Revenue

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Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. They also provide connectivity solutions and value-added services to their customers.

Fly-E Group (Fly-E Group) Headlines

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