Neft Alsharq Co For Chemical Industries (SAU:9605) COGS-to-Revenue : 0.82 (As of Jun. 2024)

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What is Neft Alsharq Co For Chemical Industries COGS-to-Revenue?

Neft Alsharq Co For Chemical Industries's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼19.17 Mil. Its Revenue for the six months ended in Jun. 2024 was ﷼23.45 Mil.

Neft Alsharq Co For Chemical Industries's COGS to Revenue for the six months ended in Jun. 2024 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Neft Alsharq Co For Chemical Industries's Gross Margin % for the six months ended in Jun. 2024 was 18.27%.

Neft Alsharq Co For Chemical Industries COGS-to-Revenue Historical Data

The historical data trend for Neft Alsharq Co For Chemical Industries'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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Neft Alsharq Co For Chemical Industries COGS-to-Revenue Chart

Neft Alsharq Co For Chemical Industries Annual Data

Trend

COGS-to-Revenue

Neft Alsharq Co For Chemical Industries Semi-Annual Data
	Jun23	Jun24
COGS-to-Revenue	0.83	0.82

Neft Alsharq Co For Chemical Industries COGS-to-Revenue Calculation

Neft Alsharq Co For Chemical Industries's COGS to Revenue for the fiscal year that ended in . 20 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=		/
	=

Neft Alsharq Co For Chemical Industries's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	19.167	/	23.452
	=	0.82

Neft Alsharq Co For Chemical Industries (SAU:9605) COGS-to-Revenue Explanation

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

Neft Alsharq Co For Chemical Industries's Gross Margin % for the six months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	19.167 / 23.452
	=	18.27 %

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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Neft Alsharq Co For Chemical Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Neft Alsharq Co For Chemical Industries (SAU:9605) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riyadh, Riyadh, SAU

Website

https://www.neftalsharq.com

Neft Alsharq Co For Chemical Industries is a Saudi company engaged in the manufacture and production of oils, industrial greases and motor fluids of all types and specifications.

Neft Alsharq Co For Chemical Industries Headlines

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