PT Argo Pantes Tbk (ISX:ARGO) COGS-to-Revenue : 0.69 (As of Mar. 2024)

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What is PT Argo Pantes Tbk COGS-to-Revenue?

PT Argo Pantes Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp16,847 Mil. Its Revenue for the three months ended in Mar. 2024 was Rp24,526 Mil.

PT Argo Pantes Tbk's COGS to Revenue for the three months ended in Mar. 2024 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. PT Argo Pantes Tbk's Gross Margin % for the three months ended in Mar. 2024 was 31.31%.

PT Argo Pantes Tbk COGS-to-Revenue Historical Data

The historical data trend for PT Argo Pantes Tbk'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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PT Argo Pantes Tbk COGS-to-Revenue Chart

PT Argo Pantes Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.97

1.16

1.36

0.97

0.88

PT Argo Pantes Tbk 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															0.86	0.84	0.84	0.97	0.69

PT Argo Pantes Tbk COGS-to-Revenue Calculation

PT Argo Pantes Tbk's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	90654.642	/	103137.14
	=	0.88

PT Argo Pantes Tbk's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	16847.388	/	24525.525
	=	0.69

PT Argo Pantes Tbk (ISX:ARGO) COGS-to-Revenue Explanation

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

PT Argo Pantes Tbk'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	-	16847.388 / 24525.525
	=	31.31 %

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.

PT Argo Pantes Tbk COGS-to-Revenue Related Terms

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PT Argo Pantes Tbk (ISX:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Argo Pantes Tbk (ISX:ARGO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan. Jend Gatot Subroto Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930

Website

https://www.argopantes.com

PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sales of finished fabric, knitting, and garment. The company has two operating segments which include the textile industry and rent out of which the majority of the revenue derives from the Textile segment.