Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) COGS-to-Revenue : 0.61 (As of Mar. 2024)

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What is Hitit Bilgisayar Hizmetleri AS COGS-to-Revenue?

Hitit Bilgisayar Hizmetleri AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺130.8 Mil. Its Revenue for the three months ended in Mar. 2024 was ₺215.8 Mil.

Hitit Bilgisayar Hizmetleri AS's COGS to Revenue for the three months ended in Mar. 2024 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hitit Bilgisayar Hizmetleri AS's Gross Margin % for the three months ended in Mar. 2024 was 39.40%.

Hitit Bilgisayar Hizmetleri AS COGS-to-Revenue Historical Data

The historical data trend for Hitit Bilgisayar Hizmetleri AS'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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Hitit Bilgisayar Hizmetleri AS COGS-to-Revenue Chart

Hitit Bilgisayar Hizmetleri AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.47

0.55

0.46

0.51

Hitit Bilgisayar Hizmetleri AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial												0.51	0.51	0.52	0.52	0.61

Hitit Bilgisayar Hizmetleri AS COGS-to-Revenue Calculation

Hitit Bilgisayar Hizmetleri AS's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	313.007	/	609.051
	=	0.51

Hitit Bilgisayar Hizmetleri AS's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	130.792	/	215.828
	=	0.61

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) COGS-to-Revenue Explanation

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

Hitit Bilgisayar Hizmetleri AS'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	-	130.792 / 215.828
	=	39.40 %

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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Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Resitpasa Mah. Katar Cad. No: 4/1 Ari, Teknokent 2 Ic Kapi No: 601 34469, Maslak, Istanbul, TUR

Website

https://www.hitit.com

Hitit Bilgisayar Hizmetleri AS is a provider of airline IT solutions intended to meet the needs of industry players in the travel industry. The company's solutions offer a comprehensive suite that covers the entire operational life-circle, web-based airline reservations and ticketing systems, schedule and crew planning through core passenger service and ground-handling needs, industrial-standard accounting, reporting tools, as well as complementing solutions such as loyalty, customer management, multiple sales and distribution channels.

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