Seoul Auction Co (XKRX:063170) COGS-to-Revenue : 0.52 (As of Mar. 2024)

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What is Seoul Auction Co COGS-to-Revenue?

Seoul Auction Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩4,644 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩8,865 Mil.

Seoul Auction Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Seoul Auction Co's Gross Margin % for the three months ended in Mar. 2024 was 47.61%.

Seoul Auction Co COGS-to-Revenue Historical Data

The historical data trend for Seoul Auction 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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Seoul Auction Co COGS-to-Revenue Chart

Seoul Auction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.62

0.68

0.63

0.68

0.86

Seoul Auction Co 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															0.96	0.77	0.90	0.86	0.52

Seoul Auction Co COGS-to-Revenue Calculation

Seoul Auction 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
	=	38500.462	/	44965.868
	=	0.86

Seoul Auction Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4644.262	/	8864.87
	=	0.52

Seoul Auction Co (XKRX:063170) COGS-to-Revenue Explanation

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

Seoul Auction Co'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	-	4644.262 / 8864.87
	=	47.61 %

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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Seoul Auction Co (XKRX:063170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Seoul Auction Co Ltd (XKRX:063170) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

98, Pyeongchang-dong, Jongno-gu, SEOUL, KOR, 110-846

Website

http://www.seoulauction.com

Seoul Auction Co Ltd is a Korea-based company engaged in the art auction business. Its services include exhibition curating, rental of space, art storage, corporate artworks, art collateral loans, academy, and valuation of Chinese art.

Seoul Auction Co (XKRX:063170) Headlines

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