Noratis AG (HAM:NUVA) COGS-to-Revenue : 0.66 (As of Jun. 2023)

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What is Noratis AG COGS-to-Revenue?

Noratis AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €22.11 Mil. Its Revenue for the six months ended in Jun. 2023 was €33.48 Mil.

Noratis AG's COGS to Revenue for the six months ended in Jun. 2023 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Noratis AG's Gross Margin % for the six months ended in Jun. 2023 was 33.96%.

Noratis AG COGS-to-Revenue Historical Data

The historical data trend for Noratis AG'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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Noratis AG COGS-to-Revenue Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.61

0.71

0.47

0.67

0.71

Noratis AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial											0.71	0.50	0.75	0.55	0.66

Noratis AG COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	60.998	/	86.101
	=	0.71

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	22.108	/	33.479
	=	0.66

Noratis AG (HAM:NUVA) COGS-to-Revenue Explanation

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

Noratis AG'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	-	22.108 / 33.479
	=	33.96 %

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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Noratis AG (HAM:NUVA) Business Description

Industry

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NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.