Draft (TSE:5070) COGS-to-Revenue : 0.67 (As of Mar. 2024)

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What is Draft COGS-to-Revenue?

Draft's Cost of Goods Sold for the three months ended in Mar. 2024 was 円1,862 Mil. Its Revenue for the three months ended in Mar. 2024 was 円2,777 Mil.

Draft's COGS to Revenue for the three months ended in Mar. 2024 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Draft's Gross Margin % for the three months ended in Mar. 2024 was 32.96%.

Draft COGS-to-Revenue Historical Data

The historical data trend for Draft'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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Draft COGS-to-Revenue Chart

Draft Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Dec22

COGS-to-Revenue

0.79

0.77

0.76

0.69

0.72

Draft Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.72	0.64	0.66	0.67	0.67

Draft COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6001.422	/	8287.762
	=	0.72

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1861.74	/	2777.159
	=	0.67

Draft (TSE:5070) COGS-to-Revenue Explanation

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

Draft'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	-	1861.74 / 2777.159
	=	32.96 %

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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Draft (TSE:5070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Draft Inc (TSE:5070) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-13-9 Jingumae, 2nd & 3rd Floor, Alteka Plaza Harajuku, Shibuya-ku, Tokyo, JPN, 150-0001

Website

https://www.draft.co.jp

Draft Inc is engaged in planning spaces for offices, commercial facilities, urban development, and environmental design. The company's projects include interior design, furniture and product, and architecture.

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