Norwegian Air Shuttle ASA (OSL:NAS) COGS-to-Revenue : 0.96 (As of Mar. 2024)

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What is Norwegian Air Shuttle ASA COGS-to-Revenue?

Norwegian Air Shuttle ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr5,885 Mil. Its Revenue for the three months ended in Mar. 2024 was kr6,144 Mil.

Norwegian Air Shuttle ASA's COGS to Revenue for the three months ended in Mar. 2024 was 0.96.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Norwegian Air Shuttle ASA's Gross Margin % for the three months ended in Mar. 2024 was 4.22%.

Norwegian Air Shuttle ASA COGS-to-Revenue Historical Data

The historical data trend for Norwegian Air Shuttle ASA'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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Norwegian Air Shuttle ASA COGS-to-Revenue Chart

Norwegian Air Shuttle ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

1.59

1.34

0.90

0.79

Norwegian Air Shuttle ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															1.08	0.81	0.68	0.72	0.96

Norwegian Air Shuttle ASA COGS-to-Revenue Calculation

Norwegian Air Shuttle ASA's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	20102.5	/	25539.3
	=	0.79

Norwegian Air Shuttle ASA's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5885.2	/	6144.4
	=	0.96

Norwegian Air Shuttle ASA (OSL:NAS) COGS-to-Revenue Explanation

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

Norwegian Air Shuttle ASA'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	-	5885.2 / 6144.4
	=	4.22 %

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.

Norwegian Air Shuttle ASA COGS-to-Revenue Related Terms

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Norwegian Air Shuttle ASA (OSL:NAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norwegian Air Shuttle ASA (OSL:NAS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NWARF:USA NASo:Sweden NASo:UK 0FGH:UK NWC:Germany

Address

Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366

Website

https://www.norwegian.com

Norwegian Air Shuttle ASA operates a short-haul network across the Nordics and to key European destinations. The group provides its customers with excellent quality at affordable fares with a network of more than 300 routes. The group has one operating segment, which is low-cost air passenger travel. Norwegian believes in affordable fares for all and offers quality flights at a low fare based on operational excellence and helpful, friendly service.

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