Norrhydro Group Oyj (OHEL:NORRH) COGS-to-Revenue : 0.60 (As of Dec. 2023)

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What is Norrhydro Group Oyj COGS-to-Revenue?

Norrhydro Group Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was €7.26 Mil. Its Revenue for the six months ended in Dec. 2023 was €12.04 Mil.

Norrhydro Group Oyj's COGS to Revenue for the six months ended in Dec. 2023 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Norrhydro Group Oyj's Gross Margin % for the six months ended in Dec. 2023 was 39.74%.

Norrhydro Group Oyj COGS-to-Revenue Historical Data

The historical data trend for Norrhydro Group Oyj'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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Norrhydro Group Oyj COGS-to-Revenue Chart

Norrhydro Group Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.52

0.43

0.53

0.57

0.56

Norrhydro Group Oyj Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial				0.55	0.57	0.57	0.54	0.60

Norrhydro Group Oyj COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	17.154	/	30.365
	=	0.56

Norrhydro Group Oyj's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.258	/	12.044
	=	0.60

Norrhydro Group Oyj (OHEL:NORRH) COGS-to-Revenue Explanation

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

Norrhydro Group Oyj's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	7.258 / 12.044
	=	39.74 %

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.

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Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Norrhydro Group Oyj (OHEL:NORRH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

U7X:Germany

Address

Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100

Website

https://www.norrhydro.com

Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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