Friedman Industries (FRA:X36) COGS-to-Revenue : 0.70 (As of Mar. 2024)

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What is Friedman Industries COGS-to-Revenue?

Friedman Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was €85.0 Mil. Its Revenue for the three months ended in Mar. 2024 was €121.7 Mil.

Friedman Industries's COGS to Revenue for the three months ended in Mar. 2024 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Friedman Industries's Gross Margin % for the three months ended in Mar. 2024 was 30.12%.

Friedman Industries COGS-to-Revenue Historical Data

The historical data trend for Friedman Industries'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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Friedman Industries COGS-to-Revenue Chart

Friedman Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.98

0.81

0.86

0.87

0.86

Friedman Industries 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															0.67	0.88	0.96	0.91	0.70

Friedman Industries COGS-to-Revenue Calculation

Friedman Industries's COGS to Revenue for the fiscal year that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	408.326	/	474.951
	=	0.86

Friedman Industries's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	85.013	/	121.653
	=	0.70

Friedman Industries (FRA:X36) COGS-to-Revenue Explanation

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

Friedman Industries'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	-	85.013 / 121.653
	=	30.12 %

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.

Friedman Industries COGS-to-Revenue Related Terms

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Friedman Industries (FRA:X36) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (FRA:X36) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FRD:USA X36:Germany

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

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