Icelandair Group hf (LTS:0ERU) COGS-to-Revenue : 0.94 (As of Mar. 2024)

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What is Icelandair Group hf COGS-to-Revenue?

Icelandair Group hf's Cost of Goods Sold for the three months ended in Mar. 2024 was kr33,839 Mil. Its Revenue for the three months ended in Mar. 2024 was kr35,898 Mil.

Icelandair Group hf's COGS to Revenue for the three months ended in Mar. 2024 was 0.94.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Icelandair Group hf's Gross Margin % for the three months ended in Mar. 2024 was 5.74%.

Icelandair Group hf COGS-to-Revenue Historical Data

The historical data trend for Icelandair Group hf'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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Icelandair Group hf COGS-to-Revenue Chart

Icelandair Group hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.79

1.22

0.98

0.82

0.80

Icelandair Group hf 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															0.96	0.73	0.64	0.95	0.94

Icelandair Group hf COGS-to-Revenue Calculation

Icelandair Group hf's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	168787.052	/	211130.843
	=	0.80

Icelandair Group hf's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	33839.319	/	35898.127
	=	0.94

Icelandair Group hf (LTS:0ERU) COGS-to-Revenue Explanation

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

Icelandair Group hf'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	-	33839.319 / 35898.127
	=	5.74 %

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.

Icelandair Group hf COGS-to-Revenue Related Terms

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Icelandair Group hf (LTS:0ERU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icelandair Group hf (LTS:0ERU) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ICEAIR:Iceland

Address

Reykjavikurflugvollur, Reykjavik Airport, Reykjavik, ISL, 101

Website

https://www.icelandairgroup.is

Icelandair Group hf through its subsidiaries provides airlines and tourism services in Iceland. The company's segments are Passenger and cargo operations and Other group entities. It generates maximum revenue from the Passenger and cargo operations segment. Geographically, it derives maximum revenue from Iceland and also has a presence in North America, West Continental Europe, Scandinavia, the United Kingdom, and Other countries.

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