artnet AG (XTER:ART) COGS-to-Revenue : 0.41 (As of Jun. 2023)

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What is artnet AG COGS-to-Revenue?

artnet AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €5.00 Mil. Its Revenue for the six months ended in Jun. 2023 was €12.06 Mil.

artnet AG's COGS to Revenue for the six months ended in Jun. 2023 was 0.41.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. artnet AG's Gross Margin % for the six months ended in Jun. 2023 was 58.50%.

artnet AG COGS-to-Revenue Historical Data

The historical data trend for artnet AG'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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artnet AG COGS-to-Revenue Chart

artnet AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.39

0.36

0.38

0.42

artnet AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.42	0.42	0.44	0.41	0.41

artnet AG COGS-to-Revenue Calculation

artnet AG's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	10.555	/	25.03
	=	0.42

artnet AG's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5.004	/	12.059
	=	0.41

artnet AG (XTER:ART) COGS-to-Revenue Explanation

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

artnet AG's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	5.004 / 12.059
	=	58.50 %

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.

artnet AG COGS-to-Revenue Related Terms

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artnet AG (XTER:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » artnet AG (XTER:ART) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ART:Germany ART:Germany

Address

Oranienstrasse 164, Berlin, DEU, 10969

Website

https://www.artnet.com

artnet AG is an online resource for the international art market. The company provides platforms related to artwork are Artnet Auctions to bid on paintings, prints, photographs, and more artistic work, Artnet News for the latest news about art events, trends, or workshops, Artnet Galleries to connect art galleries from all over the world for new collections. The activity of the company operates through Online retailing.

Executives

Hans Reinhard Neuendorf

Supervisory Board

artnet AG (XTER:ART) Headlines

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