Taewoong Logistics Co (XKRX:124560) COGS-to-Revenue : 0.89 (As of Mar. 2024)

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What is Taewoong Logistics Co COGS-to-Revenue?

Taewoong Logistics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩179,607 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩202,318 Mil.

Taewoong Logistics Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Taewoong Logistics Co's Gross Margin % for the three months ended in Mar. 2024 was 11.23%.

Taewoong Logistics Co COGS-to-Revenue Historical Data

The historical data trend for Taewoong Logistics 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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Taewoong Logistics Co COGS-to-Revenue Chart

Taewoong Logistics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.87

0.88

Taewoong Logistics 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															0.89	0.89	0.87	0.84	0.89

Taewoong Logistics Co COGS-to-Revenue Calculation

Taewoong Logistics Co's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1164463.248	/	1328207.332
	=	0.88

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	179606.846	/	202317.824
	=	0.89

Taewoong Logistics Co (XKRX:124560) COGS-to-Revenue Explanation

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

Taewoong Logistics 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	-	179606.846 / 202317.824
	=	11.23 %

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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Taewoong Logistics Co (XKRX:124560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taewoong Logistics Co Ltd (XKRX:124560) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Teheran-ro, 37-gill, 9th Floor, 13-6, Gangnam-gu, Seoul, KOR

Website

http://www.e-tgl.com

Taewoong Logistics Co Ltd is a logistics company with its multiple transport services by sea, air, bulk project, and inland transportation.

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