FLYHT Aerospace Solutions (FLYHT Aerospace Solutions) COGS-to-Revenue : 0.36 (As of Mar. 2024)

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What is FLYHT Aerospace Solutions COGS-to-Revenue?

FLYHT Aerospace Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.27 Mil. Its Revenue for the three months ended in Mar. 2024 was $3.54 Mil.

FLYHT Aerospace Solutions's COGS to Revenue for the three months ended in Mar. 2024 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. FLYHT Aerospace Solutions's Gross Margin % for the three months ended in Mar. 2024 was 64.03%.

FLYHT Aerospace Solutions COGS-to-Revenue Historical Data

The historical data trend for FLYHT Aerospace Solutions'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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FLYHT Aerospace Solutions COGS-to-Revenue Chart

FLYHT Aerospace Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.42

0.32

0.43

0.36

0.41

FLYHT Aerospace Solutions 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															0.43	-	0.41	0.41	0.36

FLYHT Aerospace Solutions COGS-to-Revenue Calculation

FLYHT Aerospace Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.2	/	15.016
	=	0.41

FLYHT Aerospace Solutions's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.273	/	3.539
	=	0.36

FLYHT Aerospace Solutions (OTCPK:FLYLF) COGS-to-Revenue Explanation

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

FLYHT Aerospace Solutions'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	-	1.273 / 3.539
	=	64.03 %

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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FLYHT Aerospace Solutions (FLYHT Aerospace Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » FLYHT Aerospace Solutions Ltd (OTCPK:FLYLF) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

FLY:Canada

Address

1212 – 31 Avenue Northeast, Suite 500, Calgary, AB, CAN, T2E 7S8

Website

https://www.flyht.com

FLYHT Aerospace Solutions Ltd provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft-certified hardware products, including AFIRS, the AFIRS Edge, TAMDAR and FLYHT-WVSS-II. The company's product and services include SaaS, Hardware, Licensing and Technical Services. Geographically, the company operates in United States & Mexico, Asia, China, Middle East, Canada, Australia, Africa, Europe and South/Central America.