Apollo Tyres (NSE:APOLLOTYRE) COGS-to-Revenue : 0.53 (As of Mar. 2024)

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What is Apollo Tyres COGS-to-Revenue?

Apollo Tyres's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹33,024 Mil. Its Revenue for the three months ended in Mar. 2024 was ₹62,582 Mil.

Apollo Tyres's COGS to Revenue for the three months ended in Mar. 2024 was 0.53.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Apollo Tyres's Gross Margin % for the three months ended in Mar. 2024 was 47.23%.

Apollo Tyres COGS-to-Revenue Historical Data

The historical data trend for Apollo Tyres'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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Apollo Tyres COGS-to-Revenue Chart

Apollo Tyres Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.57

0.56

0.61

0.60

0.54

Apollo Tyres 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															0.57	0.55	0.54	0.53	0.53

Apollo Tyres COGS-to-Revenue Calculation

Apollo Tyres's COGS to Revenue for the fiscal year that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	136631.09	/	253777.15
	=	0.54

Apollo Tyres's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	33024.2	/	62582.01
	=	0.53

Apollo Tyres (NSE:APOLLOTYRE) COGS-to-Revenue Explanation

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

Apollo Tyres'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	-	33024.2 / 62582.01
	=	47.23 %

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.

Apollo Tyres COGS-to-Revenue Related Terms

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Apollo Tyres (NSE:APOLLOTYRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Apollo Tyres Ltd (NSE:APOLLOTYRE) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

500877:India

Address

Apollo House, 7 Institutional Area, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.apollotyres.com

Apollo Tyres Ltd manufactures and sells tires. The company's geographical segments are the Asia Pacific, the Middle East, Africa, Europe, and Others. The firm's two key brands are Apollo and Vredestein. The product portfolio comprises tires for Passenger, Commercial, Off-highway vehicles, and Two-wheelers.

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