Higashimaru Co (FSE:2058) COGS-to-Revenue : 0.80 (As of Dec. 2023)

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What is Higashimaru Co COGS-to-Revenue?

Higashimaru Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,088 Mil. Its Revenue for the three months ended in Dec. 2023 was 円3,837 Mil.

Higashimaru Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.80.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Higashimaru Co's Gross Margin % for the three months ended in Dec. 2023 was 19.52%.

Higashimaru Co COGS-to-Revenue Historical Data

The historical data trend for Higashimaru Co'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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Higashimaru Co COGS-to-Revenue Chart

Higashimaru Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.79

0.83

0.82

0.79

0.81

Higashimaru Co 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															0.80	0.82	0.83	0.82	0.80

Higashimaru Co COGS-to-Revenue Calculation

Higashimaru Co's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9545	/	11724
	=	0.81

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3088	/	3837
	=	0.80

Higashimaru Co (FSE:2058) COGS-to-Revenue Explanation

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

Higashimaru Co'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	-	3088 / 3837
	=	19.52 %

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.

Higashimaru Co COGS-to-Revenue Related Terms

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Higashimaru Co (FSE:2058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Higashimaru Co Ltd (FSE:2058) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Inokakura, Ijuin-cho, Hioki-shi, Kagoshima, JPN, 899-2594

Website

http://www.k-higashimaru.co.jp

Higashimaru Co Ltd produces, sells and exports food products. It has a fisheries business and food business. Its fisheries business engaged in the production and sale of yellowtail feeds and mixed feeds for various fish farms. The company offers formula feeds for fish culture and also provides instant noodles, noodle dishes, noodle soups, wheat noodles, snacks, and fruit juices, among others.

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