Samick Musical Instruments Co (XKRX:002450) COGS-to-Revenue : 0.72 (As of Dec. 2023)

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What is Samick Musical Instruments Co COGS-to-Revenue?

Samick Musical Instruments Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩42,600 Mil. Its Revenue for the three months ended in Dec. 2023 was ₩59,219 Mil.

Samick Musical Instruments Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Samick Musical Instruments Co's Gross Margin % for the three months ended in Dec. 2023 was 28.06%.

Samick Musical Instruments Co COGS-to-Revenue Historical Data

The historical data trend for Samick Musical Instruments 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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Samick Musical Instruments Co COGS-to-Revenue Chart

Samick Musical Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.70

0.73

0.72

0.79

0.77

Samick Musical Instruments 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															0.89	0.84	0.77	0.68	0.72

Samick Musical Instruments Co COGS-to-Revenue Calculation

Samick Musical Instruments Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	190002.214	/	247929.199
	=	0.77

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	42599.686	/	59219.316
	=	0.72

Samick Musical Instruments Co (XKRX:002450) COGS-to-Revenue Explanation

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

Samick Musical Instruments 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	-	42599.686 / 59219.316
	=	28.06 %

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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Samick Musical Instruments Co (XKRX:002450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Samick Musical Instruments Co Ltd (XKRX:002450) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6, Daejang-Ri, Soi-myeon, Eumseong-gun, Chungcheongbuk-do, KOR, 369-872

Website

http://www.samick.co.kr

Samick Musical Instruments Co Ltd manufactures and sells musical instruments in South Korea. The company offers upright, grand, and digital pianos; and acoustic and electric guitars. It also provides other music instruments, including strings, such as violins, guitar and bass amplifiers, and cellos; wind instruments comprising amplifiers, flutes, trumpets, saxophones, clarinets, ocarinas, and harmonicas; percussion products covering drums; music stands; tuners; musical instruments for kids; metronomes; and P.A systems.

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