Akshar Spintex (NSE:AKSHAR) COGS-to-Revenue : 0.82 (As of Mar. 2024)

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What is Akshar Spintex COGS-to-Revenue?

Akshar Spintex's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹397 Mil. Its Revenue for the three months ended in Mar. 2024 was ₹481 Mil.

Akshar Spintex's COGS to Revenue for the three months ended in Mar. 2024 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Akshar Spintex's Gross Margin % for the three months ended in Mar. 2024 was 17.52%.

Akshar Spintex COGS-to-Revenue Historical Data

The historical data trend for Akshar Spintex'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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Akshar Spintex COGS-to-Revenue Chart

Akshar Spintex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.93

0.89

0.87

0.89

0.84

Akshar Spintex Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.81	0.83	0.85	0.87	0.82

Akshar Spintex COGS-to-Revenue Calculation

Akshar Spintex's COGS to Revenue for the fiscal year that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1474.039	/	1749.551
	=	0.84

Akshar Spintex's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	397.032	/	481.348
	=	0.82

Akshar Spintex (NSE:AKSHAR) COGS-to-Revenue Explanation

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

Akshar Spintex'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	-	397.032 / 481.348
	=	17.52 %

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.

Akshar Spintex COGS-to-Revenue Related Terms

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Akshar Spintex (NSE:AKSHAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Akshar Spintex Ltd (NSE:AKSHAR) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

541303:India

Address

150 Feet Ring Road, C-704, The Imperial Heights, Opposite Big Bazaar, Rajkot, GJ, IND, 360005

Website

http://www.aksharspintex.in

Akshar Spintex Ltd is an India based company engaged in manufacturing textile products. The product portfolio of the company includes Natural Cotton, BCI Certified Cotton, Organic Certified Cotton, Viscose, Modal, Carded Cotton Yarn and Melange Yarn, among others.

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