Starflex Co (XKRX:115570) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Starflex Co COGS-to-Revenue?

Starflex Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩16,807 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩18,261 Mil.

Starflex Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Starflex Co's Gross Margin % for the three months ended in Mar. 2024 was 7.96%.

Starflex Co COGS-to-Revenue Historical Data

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

Starflex Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.87

0.92

0.89

0.84

0.91

Starflex 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															0.91	0.88	0.88	0.97	0.92

Starflex Co COGS-to-Revenue Calculation

Starflex 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
	=	64567.388	/	70700.646
	=	0.91

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	16807.196	/	18261.285
	=	0.92

Starflex Co (XKRX:115570) COGS-to-Revenue Explanation

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

Starflex 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	-	16807.196 / 18261.285
	=	7.96 %

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.

Starflex Co COGS-to-Revenue Related Terms

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Starflex Co (XKRX:115570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Starflex Co Ltd (XKRX:115570) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

417 Daeseong-ro, Chungchonbuk-do, Eumseong-gun, KOR

Website

http://www.star-flex.com

Starflex Co Ltd is a Korea based company engaged in offering PVC flex products under the brand Starflex. The company offered products are important in digital printing, billboards, building murals, light boxes, and screen printing. Along with selling products in Korea, the company also supply its products around the globe, including Asia, North America, Central and South America, Europe, Middle East, and Africa, among other places. The products produced by the company are frontlit, backlit, blockout, solit series, self-adhesive vinyl, coated flex, textile, LED brand and Form board brand.

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