T42 IoT Tracking Solutions (LSE:TRAC) COGS-to-Revenue : 0.52 (As of Jun. 2023)

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What is T42 IoT Tracking Solutions COGS-to-Revenue?

T42 IoT Tracking Solutions's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.71 Mil. Its Revenue for the six months ended in Jun. 2023 was £1.35 Mil.

T42 IoT Tracking Solutions's COGS to Revenue for the six months ended in Jun. 2023 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. T42 IoT Tracking Solutions's Gross Margin % for the six months ended in Jun. 2023 was 47.56%.

T42 IoT Tracking Solutions COGS-to-Revenue Historical Data

The historical data trend for T42 IoT Tracking Solutions'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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T42 IoT Tracking Solutions COGS-to-Revenue Chart

T42 IoT Tracking Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.60

0.59

0.67

0.69

0.58

T42 IoT Tracking Solutions Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.60	0.81	0.54	0.63	0.52

T42 IoT Tracking Solutions COGS-to-Revenue Calculation

T42 IoT Tracking Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.936	/	3.318
	=	0.58

T42 IoT Tracking Solutions's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.709	/	1.352
	=	0.52

T42 IoT Tracking Solutions (LSE:TRAC) COGS-to-Revenue Explanation

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

T42 IoT Tracking Solutions's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.709 / 1.352
	=	47.56 %

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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T42 IoT Tracking Solutions (LSE:TRAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » T42 IoT Tracking Solutions PLC (LSE:TRAC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TRAC:UK

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.starcomplc.com

T42 IoT Tracking Solutions PLC group specializes in automated real-time systems for remote tracking and management of vehicles, containers, assets, and people. It offers real-time tracking systems for fleet management and security applications of the vehicle and driver, container monitoring, merchandise tracking, and management, and a personal locator for the protection of individuals. Its products include Watchlock, Software as a Service, Tetis, Kylos, and others. The firm has Hardware and SAS segments.