Asiana Airlines (XKRX:020560) COGS-to-Revenue : 0.90 (As of Jun. 2024)

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What is Asiana Airlines COGS-to-Revenue?

Asiana Airlines's Cost of Goods Sold for the three months ended in Jun. 2024 was ₩1,820,509 Mil. Its Revenue for the three months ended in Jun. 2024 was ₩2,015,348 Mil.

Asiana Airlines's COGS to Revenue for the three months ended in Jun. 2024 was 0.90.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Asiana Airlines's Gross Margin % for the three months ended in Jun. 2024 was 9.67%.

Asiana Airlines COGS-to-Revenue Historical Data

The historical data trend for Asiana Airlines'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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Asiana Airlines COGS-to-Revenue Chart

Asiana Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.96

0.98

0.91

0.84

Asiana Airlines 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															0.83	0.82	0.87	0.89	0.90

Asiana Airlines COGS-to-Revenue Calculation

Asiana Airlines's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6401772.339	/	7623348.347
	=	0.84

Asiana Airlines's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1820509.409	/	2015348.084
	=	0.90

Asiana Airlines (XKRX:020560) COGS-to-Revenue Explanation

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

Asiana Airlines'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	-	1820509.409 / 2015348.084
	=	9.67 %

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.

Asiana Airlines COGS-to-Revenue Related Terms

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Asiana Airlines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asiana Airlines Inc (XKRX:020560) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

Asiana Town KangseoNo 47, PO Box 98 Osae-Dong, Kangseo-ku, Seoul, KOR, 157-731

Website

http://www.flyasiana.com

Asiana Airlines Inc is one of South Korea's major airlines. It generates revenue by transporting passengers, cargo, and by providing supplementary services related to airlines and travel industries. The company offers many different classes, or cabin experiences, for each flight. A customer may purchase tickets, check the flight status, check-in, and order/confirm other amenities on the company's website. Only a small portion of revenue is derived from domestic passengers (South Korea), with international passengers and carrying cargo constituting a majority. The majority of Asiana's revenue is from routes conducted throughout Asia.

Asiana Airlines Headlines

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