Abacus Group (ASX:ABG) COGS-to-Revenue : 0.32 (As of Dec. 2023)

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What is Abacus Group COGS-to-Revenue?

Abacus Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$22.75 Mil. Its Revenue for the six months ended in Dec. 2023 was A$71.73 Mil.

Abacus Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.32.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Abacus Group's Gross Margin % for the six months ended in Dec. 2023 was 68.28%.

Abacus Group COGS-to-Revenue Historical Data

The historical data trend for Abacus Group'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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Abacus Group COGS-to-Revenue Chart

Abacus Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.27

0.31

0.25

0.23

0.28

Abacus Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.22	0.23	0.25	-	0.32

Abacus Group COGS-to-Revenue Calculation

Abacus Group's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	41.88	/	147.075
	=	0.28

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	22.752	/	71.73
	=	0.32

Abacus Group (ASX:ABG) COGS-to-Revenue Explanation

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

Abacus Group's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	22.752 / 71.73
	=	68.28 %

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.

Abacus Group COGS-to-Revenue Related Terms

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Abacus Group (ASX:ABG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Group (ASX:ABG) » Definitions » COGS-to-Revenue

Comparable Companies

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EZO1:Germany

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusproperty.com.au

Abacus Group is primarily focused on storage and office property, with minor interests in other subsectors such as retail property. Its storage business remains an active acquirer and developer of property. Management separated the storage business in mid-2023. We don't view the separation as creating value in itself, however, we view it as a potential catalyst that could prompt the market to recognize latent value in Abacus' assets. However, it will likely take time for the market to get familiar with the two Abacus vehicles and its new structure.