Miramar Hospitality Co (ROCO:2730) COGS-to-Revenue : 0.67 (As of Jun. 2023)

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What is Miramar Hospitality Co COGS-to-Revenue?

Miramar Hospitality Co's Cost of Goods Sold for the six months ended in Jun. 2023 was NT$59.5 Mil. Its Revenue for the six months ended in Jun. 2023 was NT$89.0 Mil.

Miramar Hospitality Co's COGS to Revenue for the six months ended in Jun. 2023 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Miramar Hospitality Co's Gross Margin % for the six months ended in Jun. 2023 was 33.11%.

Miramar Hospitality Co COGS-to-Revenue Historical Data

The historical data trend for Miramar Hospitality Co'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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Miramar Hospitality Co COGS-to-Revenue Chart

Miramar Hospitality Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.53

0.98

0.60

0.56

Miramar Hospitality Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.80	0.53	0.48	0.69	0.67

Miramar Hospitality Co COGS-to-Revenue Calculation

Miramar Hospitality Co's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	108.328	/	194.461
	=	0.56

Miramar Hospitality Co's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	59.525	/	88.989
	=	0.67

Miramar Hospitality Co (ROCO:2730) COGS-to-Revenue Explanation

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

Miramar Hospitality Co's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	59.525 / 88.989
	=	33.11 %

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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Miramar Hospitality Co (ROCO:2730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Miramar Hospitality Co Ltd (ROCO:2730) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

83 Civic Boulevard, Section 3, Taipei, TWN

Website

http://www.miramargarden.com.tw

Miramar Hospitality Co Ltd is a Taiwan based restaurant operating company. It is engaged in the operation of hotel business, cafes, bars, conference rooms, and gym and sauna store. The company offers hotel rooms, catering, and health club service.

Miramar Hospitality Co (ROCO:2730) Headlines

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