Axis Auto Finance (TSX:AXIS) COGS-to-Revenue : 0.65 (As of Mar. 2024)

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What is Axis Auto Finance COGS-to-Revenue?

Axis Auto Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was C$6.27 Mil. Its Revenue for the three months ended in Mar. 2024 was C$9.70 Mil.

Axis Auto Finance's COGS to Revenue for the three months ended in Mar. 2024 was 0.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Axis Auto Finance's Gross Margin % for the three months ended in Mar. 2024 was 35.38%.

Axis Auto Finance COGS-to-Revenue Historical Data

The historical data trend for Axis Auto Finance'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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Axis Auto Finance COGS-to-Revenue Chart

Axis Auto Finance Annual Data

Trend

Apr14

Apr15

Apr16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.57

0.28

0.51

0.48

0.63

Axis Auto Finance 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															0.71	0.72	0.73	0.63	0.65

Axis Auto Finance COGS-to-Revenue Calculation

Axis Auto Finance's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	25.686	/	40.595
	=	0.63

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.269	/	9.702
	=	0.65

Axis Auto Finance (TSX:AXIS) COGS-to-Revenue Explanation

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

Axis Auto Finance'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	-	6.269 / 9.702
	=	35.38 %

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.

Axis Auto Finance COGS-to-Revenue Related Terms

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Axis Auto Finance (TSX:AXIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axis Auto Finance Inc (TSX:AXIS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

165 Galaxy Boulevard, 2nd Floor, Etobicoke, ON, CAN, M9W 0C8

Website

https://www.axisautofinance.com

Axis Auto Finance Inc is a fintech company that is changing the way used vehicles are purchased and financed in Canada. The company's direct-to-consumer website, DriveAxis.ca, enables users to choose their next used vehicle, customize financing terms, and get the car delivered to homes. In addition, the company continues to grow business-to-business non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partners.

Executives

Todd Charles Hudson

Senior Officer

Axis Auto Finance (TSX:AXIS) Headlines

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