Abacus Storage King (ASX:ASK) COGS-to-Revenue : 0.20 (As of Dec. 2023)

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What is Abacus Storage King COGS-to-Revenue?

Abacus Storage King's Cost of Goods Sold for the six months ended in Dec. 2023 was A$19.54 Mil. Its Revenue for the six months ended in Dec. 2023 was A$99.11 Mil.

Abacus Storage King's COGS to Revenue for the six months ended in Dec. 2023 was 0.20.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Abacus Storage King's Gross Margin % for the six months ended in Dec. 2023 was 80.28%.

Abacus Storage King COGS-to-Revenue Historical Data

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

Abacus Storage King Annual Data

Trend

Jun21

Jun22

COGS-to-Revenue

0.04

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
COGS-to-Revenue	-	-	-	0.20

Abacus Storage King COGS-to-Revenue Calculation

Abacus Storage King's COGS to Revenue for the fiscal year that ended in Jun. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.01400000000001	/	151.904
	=	0.00

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	19.544	/	99.109
	=	0.20

Abacus Storage King (ASX:ASK) COGS-to-Revenue Explanation

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

Abacus Storage King'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	-	19.544 / 99.109
	=	80.28 %

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 Storage King COGS-to-Revenue Related Terms

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Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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