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Codere Online Luxembourg (Codere Online Luxembourg) COGS-to-Revenue : 0.04 (As of Jun. 2023)


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What is Codere Online Luxembourg COGS-to-Revenue?

Codere Online Luxembourg's Cost of Goods Sold for the six months ended in Jun. 2023 was $3.3 Mil. Its Revenue for the six months ended in Jun. 2023 was $80.9 Mil.

Codere Online Luxembourg's COGS to Revenue for the six months ended in Jun. 2023 was 0.04.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Codere Online Luxembourg's Gross Margin % for the six months ended in Jun. 2023 was 95.96%.

Codere Online Luxembourg COGS-to-Revenue Historical Data

The historical data trend for Codere Online Luxembourg'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.

* Premium members only.

Codere Online Luxembourg COGS-to-Revenue Chart

Codere Online Luxembourg Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
COGS-to-Revenue
- 0.04 0.06 0.05 0.04

Codere Online Luxembourg Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
COGS-to-Revenue Get a 7-Day Free Trial 0.05 0.05 0.04 0.04 0.04

Codere Online Luxembourg COGS-to-Revenue Calculation

Codere Online Luxembourg's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=5.13 / 122.613
=0.04

Codere Online Luxembourg's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=3.269 / 80.861
=0.04

* 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.

Codere Online Luxembourg  (NAS:CDRO) COGS-to-Revenue Explanation

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

Codere Online Luxembourg'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 - 3.269 / 80.861
=95.96 %

* 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.

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 Online Luxembourg COGS-to-Revenue Related Terms

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Codere Online Luxembourg (Codere Online Luxembourg) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere Online Luxembourg SA (NAS:CDRO) » Definitions » COGS-to-Revenue
Comparable Companies
CPHC GLXZ KEYR GAN RSI SPOZF INSE BRVO ELYS LTRY DUB:FLTR OSTO:EVO ASX:ALL DKNG CHDN LSE:ENT LNW ASX:TLC ATH:OPAP XPAR:FDJ
Traded in Other Exchanges
CDRO:Mexico
Address
7 rue Robert Stumper, Luxembourg, LUX, L-2557
Website
http://www.codereonline.com
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

Codere Online Luxembourg (Codere Online Luxembourg) Headlines

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