TTNMF (Titanium Transportation Group) COGS-to-Revenue : 0.96 (As of Jun. 2024)

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What is Titanium Transportation Group COGS-to-Revenue?

Titanium Transportation Group's Cost of Goods Sold for the three months ended in Jun. 2024 was $80.4 Mil. Its Revenue for the three months ended in Jun. 2024 was $84.0 Mil.

Titanium Transportation Group's COGS to Revenue for the three months ended in Jun. 2024 was 0.96.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Titanium Transportation Group's Gross Margin % for the three months ended in Jun. 2024 was 4.28%.

Titanium Transportation Group COGS-to-Revenue Historical Data

The historical data trend for Titanium Transportation 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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Titanium Transportation Group COGS-to-Revenue Chart

Titanium Transportation Group Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.94

0.92

0.95

0.91

0.92

Titanium Transportation Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
COGS-to-Revenue	Get a 7-Day Free Trial															0.92	0.92	0.92	0.96	0.96

Titanium Transportation Group COGS-to-Revenue Calculation

Titanium Transportation 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
	=	301.196	/	326.986
	=	0.92

Titanium Transportation Group's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	80.381	/	83.973
	=	0.96

Titanium Transportation Group (OTCPK:TTNMF) COGS-to-Revenue Explanation

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

Titanium Transportation Group's Gross Margin % for the three months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	80.381 / 83.973
	=	4.28 %

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.

Titanium Transportation Group COGS-to-Revenue Related Terms

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Titanium Transportation Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Titanium Transportation Group Inc (OTCPK:TTNMF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TTNM:Canada

Address

32 Simpson Road, Bolton, ON, CAN, L7E 1G9

Website

https://www.ttgi.com

Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border trucking services, freight logistics, warehousing, and distribution. The company operating segments namely, the Truck Transportation segment represents the pickup and delivery of full loads across Canada and the United States using a closed van, flatbed or other specialized equipment, and the logistics segment represents the brokering of freight across North America. Most of its revenue is earned through the Truck transportation segment. The group has a business presence in Canada and the United States.