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RYDE (Ryde Group) COGS-to-Revenue : 0.92 (As of Dec. 2023)


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What is Ryde Group COGS-to-Revenue?

Ryde Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.36 Mil. Its Revenue for the six months ended in Dec. 2023 was $2.58 Mil.

Ryde Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ryde Group's Gross Margin % for the six months ended in Dec. 2023 was 8.45%.

Ryde Group COGS-to-Revenue Historical Data

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

Ryde Group Annual Data
Trend Dec21 Dec22 Dec23
COGS-to-Revenue
0.68 0.85 0.79

Ryde Group Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
COGS-to-Revenue - 1.10 0.69 0.70 0.92

Ryde Group COGS-to-Revenue Calculation

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

COGS to Revenue=Cost of Goods Sold / Revenue
=5.114 / 6.506
=0.79

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

COGS to Revenue=Cost of Goods Sold / Revenue
=2.361 / 2.579
=0.92

* 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.

Ryde Group  (AMEX:RYDE) COGS-to-Revenue Explanation

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

Ryde Group'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 - 2.361 / 2.579
=8.45 %

* 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.

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.

Ryde Group COGS-to-Revenue Related Terms

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Ryde Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » COGS-to-Revenue
Comparable Companies
Traded in Other Exchanges
D0S:Germany
Address
No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352
Website
https://www.rydesharing.com
Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.

Ryde Group Headlines

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