Hikari Tsushin (TSE:9435) COGS-to-Revenue : 0.49 (As of Mar. 2024)

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What is Hikari Tsushin COGS-to-Revenue?

Hikari Tsushin's Cost of Goods Sold for the three months ended in Mar. 2024 was 円76,441 Mil. Its Revenue for the three months ended in Mar. 2024 was 円155,260 Mil.

Hikari Tsushin's COGS to Revenue for the three months ended in Mar. 2024 was 0.49.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hikari Tsushin's Gross Margin % for the three months ended in Mar. 2024 was 50.77%.

Hikari Tsushin COGS-to-Revenue Historical Data

The historical data trend for Hikari Tsushin'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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Hikari Tsushin COGS-to-Revenue Chart

Hikari Tsushin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.40

0.47

0.48

0.54

0.48

Hikari Tsushin Quarterly Data
	Jun19	Sep19	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															0.51	0.44	0.49	0.48	0.49

Hikari Tsushin COGS-to-Revenue Calculation

Hikari Tsushin's COGS to Revenue for the fiscal year that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	286778	/	601948
	=	0.48

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	76441	/	155260
	=	0.49

Hikari Tsushin (TSE:9435) COGS-to-Revenue Explanation

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

Hikari Tsushin'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	-	76441 / 155260
	=	50.77 %

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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Hikari Tsushin (TSE:9435) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hikari Tsushin Inc (TSE:9435) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HKTGF:USA HIK:Germany

Address

Hikari West Gate Building, 1-4-10, Nishi Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021

Website

http://www.hikari.co.jp

Hikari Tsushin Inc is a Japanese company that provides services such networking and automation products offers individual insurance plans for small and medium-size enterprises. The company has three reporting segments: corporate, shop and insurance. The corporate segment offers products such as Wi-Fi routers, SIM cards, water coolers and LED lighting. Revenue is evenly split between the corporate and shop segments with insurance adding a small portion. The company earns the vast majority of its revenue in Japan.

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