Volato Group (Volato Group) COGS-to-Revenue : 1.32 (As of Mar. 2024)

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What is Volato Group COGS-to-Revenue?

Volato Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $17.49 Mil. Its Revenue for the three months ended in Mar. 2024 was $13.21 Mil.

Volato Group's COGS to Revenue for the three months ended in Mar. 2024 was 1.32.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Volato Group's Gross Margin % for the three months ended in Mar. 2024 was -32.40%.

Volato Group COGS-to-Revenue Historical Data

The historical data trend for Volato 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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Volato Group COGS-to-Revenue Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.81

0.97

1.12

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial			1.11	1.29	1.32	-	1.32

Volato Group COGS-to-Revenue Calculation

Volato 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
	=	82.025	/	73.338
	=	1.12

Volato Group's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	17.492	/	13.211
	=	1.32

Volato Group (AMEX:SOAR) COGS-to-Revenue Explanation

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

Volato Group'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	-	17.492 / 13.211
	=	-32.40 %

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.

Volato Group COGS-to-Revenue Related Terms

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Volato Group (Volato Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

From GuruFocus

Volato Group Inc (SOAR) Navigates Market Turbulence with Strategic Fleet Expansion Despite Revenue Dip

By GuruFocus Research • 03-26-2024