Grindrod (JSE:GNDP.PFD) COGS-to-Revenue : 0.87 (As of Dec. 2023)

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What is Grindrod COGS-to-Revenue?

Grindrod's Cost of Goods Sold for the six months ended in Dec. 2023 was R2,067.91 Mil. Its Revenue for the six months ended in Dec. 2023 was R2,375.32 Mil.

Grindrod's COGS to Revenue for the six months ended in Dec. 2023 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Grindrod's Gross Margin % for the six months ended in Dec. 2023 was 12.94%.

Grindrod COGS-to-Revenue Historical Data

The historical data trend for Grindrod'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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Grindrod COGS-to-Revenue Chart

Grindrod Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.85

0.87

Grindrod 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															-	0.87	0.83	0.87	0.87

Grindrod COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4222.148	/	4845.572
	=	0.87

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2067.911	/	2375.317
	=	0.87

Grindrod (JSE:GNDP.PFD) COGS-to-Revenue Explanation

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

Grindrod'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	-	2067.911 / 2375.317
	=	12.94 %

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.

Grindrod COGS-to-Revenue Related Terms

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Grindrod (JSE:GNDP.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Ltd (JSE:GNDP.PFD) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

GND:South Africa

Address

106 Margaret Mncadi Avenue, Grindrod Mews, Durban, NL, ZAF, 4001

Website

https://www.grindrod.com

Grindrod Ltd is a logistics and financial services company with significant investments in marine fuel trading, private equity, and the property sector. The company organizes itself into three segments: logistics, ports and terminals, and bank. The logistics segment, which generates the majority of revenue, is involved in providing complete freight services, storage of containers, and clearing. The Ports and Terminals segment provides bulk handling of commodities. The bank segment provides loan finance and retail services through Grindrod Bank. The company is based in South Africa and operates in the following regions, in order of revenue share: Singapore/Asia/Australia, Middle East, South Africa, the United Kingdom/Europe, North America/Bermuda, and the rest of Africa.

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