Matrix IT (XTAE:MTRX) COGS-to-Revenue : 0.85 (As of Dec. 2023)

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What is Matrix IT COGS-to-Revenue?

Matrix IT's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪1,117 Mil. Its Revenue for the three months ended in Dec. 2023 was ₪1,321 Mil.

Matrix IT's COGS to Revenue for the three months ended in Dec. 2023 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Matrix IT's Gross Margin % for the three months ended in Dec. 2023 was 15.40%.

Matrix IT COGS-to-Revenue Historical Data

The historical data trend for Matrix IT'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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Matrix IT COGS-to-Revenue Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

0.85

0.86

0.85

Matrix IT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.85	0.85	0.86	0.86	0.85

Matrix IT COGS-to-Revenue Calculation

Matrix IT's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4467.925	/	5232.105
	=	0.85

Matrix IT's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1117.274	/	1320.69
	=	0.85

Matrix IT (XTAE:MTRX) COGS-to-Revenue Explanation

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

Matrix IT's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1117.274 / 1320.69
	=	15.40 %

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.

Matrix IT COGS-to-Revenue Related Terms

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Matrix IT (XTAE:MTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.