MTN Nigeria Communications (NSA:MTNN) COGS-to-Revenue : 0.44 (As of Mar. 2024)

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What is MTN Nigeria Communications COGS-to-Revenue?

MTN Nigeria Communications's Cost of Goods Sold for the three months ended in Mar. 2024 was ₦331,910 Mil. Its Revenue for the three months ended in Mar. 2024 was ₦750,471 Mil.

MTN Nigeria Communications's COGS to Revenue for the three months ended in Mar. 2024 was 0.44.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MTN Nigeria Communications's Gross Margin % for the three months ended in Mar. 2024 was 55.77%.

MTN Nigeria Communications COGS-to-Revenue Historical Data

The historical data trend for MTN Nigeria Communications'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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MTN Nigeria Communications COGS-to-Revenue Chart

MTN Nigeria Communications Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.33

0.35

0.34

0.33

0.36

MTN Nigeria Communications 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															0.33	0.33	0.37	0.39	0.44

MTN Nigeria Communications COGS-to-Revenue Calculation

MTN Nigeria Communications's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	888684	/	2468540
	=	0.36

MTN Nigeria Communications's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	331910	/	750471
	=	0.44

MTN Nigeria Communications (NSA:MTNN) COGS-to-Revenue Explanation

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

MTN Nigeria Communications'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	-	331910 / 750471
	=	55.77 %

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.

MTN Nigeria Communications COGS-to-Revenue Related Terms

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MTN Nigeria Communications (NSA:MTNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » MTN Nigeria Communications PLC (NSA:MTNN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA

Website

https://www.mtnonline.com

MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, high-quality telecommunications services, and mobile financial services in Nigeria. The group operates in three reportable segments, namely, Consumer Business Unit (CBU) which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value and Mass segments, Enterprise Business Unit (EBU) consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU) serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.

MTN Nigeria Communications (NSA:MTNN) Headlines

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