Ondo InsurTech (LSE:ONDO) COGS-to-Revenue : 0.75 (As of Sep. 2023)

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What is Ondo InsurTech COGS-to-Revenue?

Ondo InsurTech's Cost of Goods Sold for the six months ended in Sep. 2023 was £0.89 Mil. Its Revenue for the six months ended in Sep. 2023 was £1.19 Mil.

Ondo InsurTech's COGS to Revenue for the six months ended in Sep. 2023 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ondo InsurTech's Gross Margin % for the six months ended in Sep. 2023 was 24.79%.

Ondo InsurTech COGS-to-Revenue Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech COGS-to-Revenue Chart

Ondo InsurTech Annual Data

Trend

COGS-to-Revenue

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
COGS-to-Revenue	0.74	-	0.51	0.75

Ondo InsurTech COGS-to-Revenue Calculation

Ondo InsurTech's COGS to Revenue for the fiscal year that ended in . 20 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=		/
	=

Ondo InsurTech's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.892	/	1.186
	=	0.75

Ondo InsurTech (LSE:ONDO) COGS-to-Revenue Explanation

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

Ondo InsurTech's Gross Margin % for the six months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.892 / 1.186
	=	24.79 %

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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Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech (LSE:ONDO) Headlines

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