Nova Klubburinn hf (OISE:NOVA) COGS-to-Revenue : 0.47 (As of Jun. 2024)

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What is Nova Klubburinn hf COGS-to-Revenue?

Nova Klubburinn hf's Cost of Goods Sold for the three months ended in Jun. 2024 was kr1,494 Mil. Its Revenue for the three months ended in Jun. 2024 was kr3,201 Mil.

Nova Klubburinn hf's COGS to Revenue for the three months ended in Jun. 2024 was 0.47.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nova Klubburinn hf's Gross Margin % for the three months ended in Jun. 2024 was 53.31%.

Nova Klubburinn hf COGS-to-Revenue Historical Data

The historical data trend for Nova Klubburinn 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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Nova Klubburinn hf COGS-to-Revenue Chart

Nova Klubburinn hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.54

0.57

0.54

0.52

0.50

Nova Klubburinn hf Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
COGS-to-Revenue	Get a 7-Day Free Trial											0.49	0.49	0.51	0.47	0.47

Nova Klubburinn hf COGS-to-Revenue Calculation

Nova Klubburinn 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
	=	6391.174	/	12837.538
	=	0.50

Nova Klubburinn hf's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1494.468	/	3200.6
	=	0.47

Nova Klubburinn hf (OISE:NOVA) COGS-to-Revenue Explanation

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

Nova Klubburinn hf's Gross Margin % for the three months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1494.468 / 3200.6
	=	53.31 %

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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Nova Klubburinn hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nova Klubburinn hf (OISE:NOVA) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lágmúli 9, Reykjavík, ISL, 108

Website

https://www.nova.is

Nova Klubburinn hf a full-service telecommunications company operating in Iceland. Nova's customers are individuals and small and medium sized corporations. It operates through three key business areas: mobile network, Fixed network and Goods sold and Others.