Kitex Garments (NSE:KITEX) COGS-to-Revenue : 0.38 (As of Mar. 2024)

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What is Kitex Garments COGS-to-Revenue?

Kitex Garments's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹650 Mil. Its Revenue for the three months ended in Mar. 2024 was ₹1,731 Mil.

Kitex Garments's COGS to Revenue for the three months ended in Mar. 2024 was 0.38.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Kitex Garments's Gross Margin % for the three months ended in Mar. 2024 was 62.42%.

Kitex Garments COGS-to-Revenue Historical Data

The historical data trend for Kitex Garments'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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Kitex Garments COGS-to-Revenue Chart

Kitex Garments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.48

0.47

0.50

0.47

0.41

Kitex Garments 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															0.46	0.56	0.33	0.39	0.38

Kitex Garments COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2551.397	/	6169.22
	=	0.41

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	650.413	/	1730.536
	=	0.38

Kitex Garments (NSE:KITEX) COGS-to-Revenue Explanation

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

Kitex Garments'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	-	650.413 / 1730.536
	=	62.42 %

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.

Kitex Garments COGS-to-Revenue Related Terms

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Kitex Garments (NSE:KITEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kitex Garments Ltd (NSE:KITEX) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

521248:India

Address

P.B. No. 5, Kizhakkambalam, Building No. 9/536 A, Aluva, Ernakulam, Kochi, KL, IND, 683562

Website

https://www.kitexgarments.com

Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.

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