Horai Co (TSE:9679) COGS-to-Revenue : 0.77 (As of Dec. 2023)

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What is Horai Co COGS-to-Revenue?

Horai Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,014 Mil. Its Revenue for the three months ended in Dec. 2023 was 円1,316 Mil.

Horai Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Horai Co's Gross Margin % for the three months ended in Dec. 2023 was 22.91%.

Horai Co COGS-to-Revenue Historical Data

The historical data trend for Horai 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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Horai Co COGS-to-Revenue Chart

Horai Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

COGS-to-Revenue

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0.85

0.89

0.83

0.78

0.77

Horai Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.75	0.83	0.75	0.74	0.77

Horai Co COGS-to-Revenue Calculation

Horai Co's COGS to Revenue for the fiscal year that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3968.37	/	5185.512
	=	0.77

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1014.38	/	1315.887
	=	0.77

Horai Co (TSE:9679) COGS-to-Revenue Explanation

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

Horai Co's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1014.38 / 1315.887
	=	22.91 %

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.

Horai Co COGS-to-Revenue Related Terms

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Horai Co (TSE:9679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Horai Co Ltd (TSE:9679) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 14, Number 5, Ginza, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.horai-kk.co.jp

Horai Co Ltd is engaged in the life insurance business, leasing and management of buildings and real estate, manufacture and sale of milk and dairy products, breeding, milking, and fed production of dairy cattle, and management of restaurants and tourist facilities.

Horai Co (TSE:9679) Headlines

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