Binex Co (XKRX:053030) COGS-to-Revenue : 0.77 (As of Sep. 2024)

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What is Binex Co COGS-to-Revenue?

Binex Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩25,321 Mil. Its Revenue for the three months ended in Sep. 2024 was ₩32,911 Mil.

Binex Co's COGS to Revenue for the three months ended in Sep. 2024 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Binex Co's Gross Margin % for the three months ended in Sep. 2024 was 23.06%.

Binex Co COGS-to-Revenue Historical Data

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

Binex Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.55

0.53

0.55

0.63

Binex Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.72	0.72	0.92	0.83	0.77

Binex Co COGS-to-Revenue Calculation

Binex 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
	=	97876.973	/	154824.776
	=	0.63

Binex Co's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	25320.845	/	32910.507
	=	0.77

Binex Co (XKRX:053030) COGS-to-Revenue Explanation

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

Binex Co's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	25320.845 / 32910.507
	=	23.06 %

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.

Binex Co COGS-to-Revenue Related Terms

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Binex Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Binex Co Ltd (XKRX:053030) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

480-2 Janglim-dong, Saha-gu, Busan, KOR, 604-846

Website

http://www.bi-nex.co.kr

Binex Co Ltd is engaged in manufacturing and distribution of pharmaceutical products. The key products include gastrointestinal (GI) tract regulators and antispasmodics, antiemetic drugs, antihistamines, laxatives, antihypertensive and urinary agents, antibacterial and antibiotic agents, cough and cold remedies, anti-diabetic medicines, ophthalmic solutions, vitamins, nutrients, as well as an ointment, creams, and others. It also manufactures biomedicines and raw materials. Its other business operation involved contract development and manufacturing business for other companies. The company invests in some bio ventures that develop biomedicines.

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