IZM (ICZOOM Group) COGS-to-Revenue : 0.97 (As of Jun. 2024)

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What is ICZOOM Group COGS-to-Revenue?

ICZOOM Group's Cost of Goods Sold for the six months ended in Jun. 2024 was $87.4 Mil. Its Revenue for the six months ended in Jun. 2024 was $90.2 Mil.

ICZOOM Group's COGS to Revenue for the six months ended in Jun. 2024 was 0.97.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ICZOOM Group's Gross Margin % for the six months ended in Jun. 2024 was 3.06%.

ICZOOM Group COGS-to-Revenue Historical Data

The historical data trend for ICZOOM 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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ICZOOM Group COGS-to-Revenue Chart

ICZOOM Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

COGS-to-Revenue

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0.97

0.98

0.97

ICZOOM Group Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
COGS-to-Revenue	Get a 7-Day Free Trial						0.98	0.97	0.98	0.98	0.97

ICZOOM Group COGS-to-Revenue Calculation

ICZOOM Group's COGS to Revenue for the fiscal year that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	172.984	/	177.934
	=	0.97

ICZOOM Group's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	87.449	/	90.213
	=	0.97

ICZOOM Group (NAS:IZM) COGS-to-Revenue Explanation

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

ICZOOM Group's Gross Margin % for the six months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	87.449 / 90.213
	=	3.06 %

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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ICZOOM Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ICZOOM Group Inc (NAS:IZM) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000

Website

http://www.iczoomex.com

ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.