Al Eid Food Co (KUW:ALEID) COGS-to-Revenue : 0.86 (As of Mar. 2024)

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What is Al Eid Food Co COGS-to-Revenue?

Al Eid Food Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD14.37 Mil. Its Revenue for the three months ended in Mar. 2024 was KWD16.70 Mil.

Al Eid Food Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Al Eid Food Co's Gross Margin % for the three months ended in Mar. 2024 was 13.94%.

Al Eid Food Co COGS-to-Revenue Historical Data

The historical data trend for Al Eid Food 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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Al Eid Food Co COGS-to-Revenue Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

Al Eid Food Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.83	0.83	0.84	0.84	0.86

Al Eid Food Co COGS-to-Revenue Calculation

Al Eid Food Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	29.401	/	35.118
	=	0.84

Al Eid Food Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	14.372	/	16.7
	=	0.86

Al Eid Food Co (KUW:ALEID) COGS-to-Revenue Explanation

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

Al Eid Food Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	14.372 / 16.7
	=	13.94 %

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.

Al Eid Food Co COGS-to-Revenue Related Terms

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Al Eid Food Co (KUW:ALEID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851

Website

https://www.aleidfoods.com

Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

Al Eid Food Co (KUW:ALEID) Headlines

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