Travel Expert (Asia) Enterprises (HKSE:01235) COGS-to-Revenue : 0.50 (As of Sep. 2023)

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What is Travel Expert (Asia) Enterprises COGS-to-Revenue?

Travel Expert (Asia) Enterprises's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$29.55 Mil. Its Revenue for the six months ended in Sep. 2023 was HK$59.55 Mil.

Travel Expert (Asia) Enterprises's COGS to Revenue for the six months ended in Sep. 2023 was 0.50.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Travel Expert (Asia) Enterprises's Gross Margin % for the six months ended in Sep. 2023 was 50.39%.

Travel Expert (Asia) Enterprises COGS-to-Revenue Historical Data

The historical data trend for Travel Expert (Asia) Enterprises'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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Travel Expert (Asia) Enterprises COGS-to-Revenue Chart

Travel Expert (Asia) Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.30

0.43

0.10

0.46

0.45

Travel Expert (Asia) Enterprises Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.13	0.66	0.27	0.50	0.50

Travel Expert (Asia) Enterprises COGS-to-Revenue Calculation

Travel Expert (Asia) Enterprises's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18.204	/	40.27
	=	0.45

Travel Expert (Asia) Enterprises's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	29.545	/	59.549
	=	0.50

Travel Expert (Asia) Enterprises (HKSE:01235) COGS-to-Revenue Explanation

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

Travel Expert (Asia) Enterprises's Gross Margin % for the six months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	29.545 / 59.549
	=	50.39 %

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.

Travel Expert (Asia) Enterprises COGS-to-Revenue Related Terms

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Travel Expert (Asia) Enterprises (HKSE:01235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Travel Expert (Asia) Enterprises Ltd (HKSE:01235) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road West, 8th Floor, Guangdong Finance Building, Hong Kong, HKG

Website

https://www.tegroup.com.hk

Travel Expert (Asia) Enterprises Ltd is an investment holding company. It is engaged in the provision of services relating to sales of air tickets, hotel accommodation, and other travel/wedding-related activities. The company operates through three business segments which include the Travel and travel/wedding-related business, Food, and beverage business, and Treasury activities. It generates maximum revenue from the Travel and travel/wedding-related business segment. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in the PRC.

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