Luokung Technology (FRA:78IB) COGS-to-Revenue : 0.52 (As of Jun. 2023)

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What is Luokung Technology COGS-to-Revenue?

Luokung Technology's Cost of Goods Sold for the six months ended in Jun. 2023 was €2.96 Mil. Its Revenue for the six months ended in Jun. 2023 was €5.72 Mil.

Luokung Technology's COGS to Revenue for the six months ended in Jun. 2023 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Luokung Technology's Gross Margin % for the six months ended in Jun. 2023 was 48.31%.

Luokung Technology COGS-to-Revenue Historical Data

The historical data trend for Luokung Technology'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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Luokung Technology COGS-to-Revenue Chart

Luokung Technology Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.33

0.80

0.96

0.89

0.83

Luokung Technology Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.91	0.88	0.87	0.76	0.52

Luokung Technology COGS-to-Revenue Calculation

Luokung Technology's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	73.577	/	88.352
	=	0.83

Luokung Technology's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.957	/	5.721
	=	0.52

Luokung Technology (FRA:78IB) COGS-to-Revenue Explanation

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

Luokung Technology's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2.957 / 5.721
	=	48.31 %

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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Luokung Technology (FRA:78IB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Luokung Technology Corp (FRA:78IB) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LKCO:USA

Address

No. 9, Guanghua Road, Miss. Qinyu Zhao B9-8, Block B, SOHO Phase II, Chaoyang District, Beijing, CHN, 100020

Website

https://www.luokung.com

Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.

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