Kumba Iron Ore (JSE:KIO) COGS-to-Revenue : 0.10 (As of Dec. 2023)

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What is Kumba Iron Ore COGS-to-Revenue?

Kumba Iron Ore's Cost of Goods Sold for the six months ended in Dec. 2023 was R4,931 Mil. Its Revenue for the six months ended in Dec. 2023 was R47,955 Mil.

Kumba Iron Ore's COGS to Revenue for the six months ended in Dec. 2023 was 0.10.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Kumba Iron Ore's Gross Margin % for the six months ended in Dec. 2023 was 89.72%.

Kumba Iron Ore COGS-to-Revenue Historical Data

The historical data trend for Kumba Iron Ore'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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Kumba Iron Ore COGS-to-Revenue Chart

Kumba Iron Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.19

0.11

0.10

0.08

0.10

Kumba Iron Ore 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															0.09	0.11	0.03	0.10	0.10

Kumba Iron Ore COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8717	/	86234
	=	0.10

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4931	/	47955
	=	0.10

Kumba Iron Ore (JSE:KIO) COGS-to-Revenue Explanation

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

Kumba Iron Ore'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	-	4931 / 47955
	=	89.72 %

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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Kumba Iron Ore (JSE:KIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kumba Iron Ore Ltd (JSE:KIO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

KIROY:USA KUI:Germany

Address

144 Oxford Road, Rosebank, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericankumba.com

Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.