Galaxy Entertainment Group (HKSE:00027) COGS-to-Revenue : 0.39 (As of Dec. 2023)

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What is Galaxy Entertainment Group COGS-to-Revenue?

Galaxy Entertainment Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$7,843 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$19,969 Mil.

Galaxy Entertainment Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.39.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Galaxy Entertainment Group's Gross Margin % for the six months ended in Dec. 2023 was 60.73%.

Galaxy Entertainment Group COGS-to-Revenue Historical Data

The historical data trend for Galaxy Entertainment 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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Galaxy Entertainment Group COGS-to-Revenue Chart

Galaxy Entertainment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.45

0.44

0.42

0.39

Galaxy Entertainment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.41	0.39	0.38	0.39	0.39

Galaxy Entertainment Group COGS-to-Revenue Calculation

Galaxy Entertainment Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	14033.295	/	35684.253
	=	0.39

Galaxy Entertainment Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7842.787	/	19968.904
	=	0.39

Galaxy Entertainment Group (HKSE:00027) COGS-to-Revenue Explanation

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

Galaxy Entertainment Group's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	7842.787 / 19968.904
	=	60.73 %

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.

Galaxy Entertainment Group COGS-to-Revenue Related Terms

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Galaxy Entertainment Group (HKSE:00027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Galaxy Entertainment Group Ltd (HKSE:00027) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GXYYY:USA GXYEF:USA KW9A:Germany

Address

111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG

Website

https://www.galaxyentertainment.com

Galaxy Entertainment is one of six casino licenseholders in Macao. Its major properties include Starworld casino in the Macao Peninsula, and Galaxy Macau phases 1, 2 and 3 in Cotai, with a hotel capacity of approximately 5,564 rooms.

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