Codere (XMAD:CDR) COGS-to-Revenue : 0.07 (As of Jun. 2021)

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What is Codere COGS-to-Revenue?

Codere's Cost of Goods Sold for the three months ended in Jun. 2021 was €9.9 Mil. Its Revenue for the three months ended in Jun. 2021 was €139.9 Mil.

Codere's COGS to Revenue for the three months ended in Jun. 2021 was 0.07.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Codere's Gross Margin % for the three months ended in Jun. 2021 was 92.92%.

Codere COGS-to-Revenue Historical Data

The historical data trend for Codere'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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Codere COGS-to-Revenue Chart

Codere Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

COGS-to-Revenue

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0.03

0.04

0.03

0.05

Codere Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
COGS-to-Revenue	Get a 7-Day Free Trial															0.15	0.04	0.06	0.06	0.07

Codere COGS-to-Revenue Calculation

Codere's COGS to Revenue for the fiscal year that ended in Dec. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	27.675	/	575.42
	=	0.05

Codere's COGS to Revenue for the quarter that ended in Jun. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9.904	/	139.891
	=	0.07

Codere (XMAD:CDR) COGS-to-Revenue Explanation

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

Codere's Gross Margin % for the three months ended in Jun. 2021 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	9.904 / 139.891
	=	92.92 %

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.

Codere COGS-to-Revenue Related Terms

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Codere (XMAD:CDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere SA (XMAD:CDR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avda. de Bruselas 26, Alcobendas, ESP, 28108

Website

http://www.codere.com

Codere SA is a Spain-based gaming company. It is mainly engaged in business activities in the private gaming industry, consisting primarily of the operation of amusement and slot machines, sports betting, bingo halls, casinos, and racetracks. The company has a presence in Spain, Italy, Argentina, Brazil, Colombia, Mexico, Panama, and Uruguay.