Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) COGS-to-Revenue : 0.91 (As of Mar. 2024)

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What is Heavy Engineering Industries and Shipbuilding Co KSC COGS-to-Revenue?

Heavy Engineering Industries and Shipbuilding Co KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD32.0 Mil. Its Revenue for the three months ended in Mar. 2024 was KWD35.3 Mil.

Heavy Engineering Industries and Shipbuilding Co KSC's COGS to Revenue for the three months ended in Mar. 2024 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Heavy Engineering Industries and Shipbuilding Co KSC's Gross Margin % for the three months ended in Mar. 2024 was 9.11%.

Heavy Engineering Industries and Shipbuilding Co KSC COGS-to-Revenue Historical Data

The historical data trend for Heavy Engineering Industries and Shipbuilding Co KSC'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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Heavy Engineering Industries and Shipbuilding Co KSC COGS-to-Revenue Chart

Heavy Engineering Industries and Shipbuilding Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.90

0.92

Heavy Engineering Industries and Shipbuilding Co KSC 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															0.95	0.91	0.95	0.88	0.91

Heavy Engineering Industries and Shipbuilding Co KSC COGS-to-Revenue Calculation

Heavy Engineering Industries and Shipbuilding Co KSC's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	135.245	/	146.878
	=	0.92

Heavy Engineering Industries and Shipbuilding Co KSC's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	32.04	/	35.253
	=	0.91

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) COGS-to-Revenue Explanation

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

Heavy Engineering Industries and Shipbuilding Co KSC'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	-	32.04 / 35.253
	=	9.11 %

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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Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080

Website

https://www.heisco.com

Heavy Engineering Industries and Shipbuilding Company is an Engineering, Procurement and Construction Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Refineries, Petrochemicals, Power, Distillation and Desalination, Shipbuilding and Repair, Marine Services, and Construction sectors. It delivers diversified services to the industry with civil, mechanical, electrical and instrumentation constructions, maintenance, fabrication, galvanizing, shipyard services, and onshore & offshore operations.