Horizon Foods Co (SAU:9564) COGS-to-Revenue : 0.70 (As of Dec. 2023)

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What is Horizon Foods Co COGS-to-Revenue?

Horizon Foods Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼20.19 Mil. Its Revenue for the six months ended in Dec. 2023 was ﷼28.79 Mil.

Horizon Foods Co's COGS to Revenue for the six months ended in Dec. 2023 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Horizon Foods Co's Gross Margin % for the six months ended in Dec. 2023 was 29.85%.

Horizon Foods Co COGS-to-Revenue Historical Data

The historical data trend for Horizon Foods 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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Horizon Foods Co COGS-to-Revenue Chart

Horizon Foods Co Annual Data

Trend

Dec22

Dec23

COGS-to-Revenue

0.71

0.70

Horizon Foods Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	0.76	0.66	0.70	0.70

Horizon Foods Co COGS-to-Revenue Calculation

Horizon Foods Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	38.641	/	55.116
	=	0.70

Horizon Foods Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	20.192	/	28.785
	=	0.70

Horizon Foods Co (SAU:9564) COGS-to-Revenue Explanation

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

Horizon Foods Co'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	-	20.192 / 28.785
	=	29.85 %

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.

Horizon Foods Co COGS-to-Revenue Related Terms

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Horizon Foods Co (SAU:9564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horizon Foods Co (SAU:9564) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Third Industrial Area Zone G, Dammam, SAU

Website

https://www.horizonfood.sa

Horizon Foods Co engages in the production, manufacturing, processing, cutting, packaging, and shaping of meat and poultry, and its main activity is in the manufacture of shawarma molds. Its product offerings comprise meat shawarma, Doner Kabab, and Chicken Shawarma.

Horizon Foods Co (SAU:9564) Headlines

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