Meikles (LSE:MIK) COGS-to-Revenue : 0.75 (As of Aug. 2023)

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What is Meikles COGS-to-Revenue?

Meikles's Cost of Goods Sold for the six months ended in Aug. 2023 was $2,030 Mil. Its Revenue for the six months ended in Aug. 2023 was $2,701 Mil.

Meikles's COGS to Revenue for the six months ended in Aug. 2023 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meikles's Gross Margin % for the six months ended in Aug. 2023 was 24.87%.

Meikles COGS-to-Revenue Historical Data

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

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

COGS-to-Revenue

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0.78

0.79

0.71

0.79

0.77

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
COGS-to-Revenue	Get a 7-Day Free Trial									-	0.73	0.77	0.78	0.75

Meikles COGS-to-Revenue Calculation

Meikles's COGS to Revenue for the fiscal year that ended in Mar. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	117.046	/	152.504
	=	0.77

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2029.515	/	2701.372
	=	0.75

Meikles (LSE:MIK) COGS-to-Revenue Explanation

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

Meikles's Gross Margin % for the six months ended in Aug. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2029.515 / 2701.372
	=	24.87 %

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.

Meikles COGS-to-Revenue Related Terms

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Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.