Surf Air Mobility (Surf Air Mobility) COGS-to-Revenue : 0.99 (As of Mar. 2024)

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What is Surf Air Mobility COGS-to-Revenue?

Surf Air Mobility's Cost of Goods Sold for the three months ended in Mar. 2024 was $30.47 Mil. Its Revenue for the three months ended in Mar. 2024 was $30.62 Mil.

Surf Air Mobility's COGS to Revenue for the three months ended in Mar. 2024 was 0.99.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Surf Air Mobility's Gross Margin % for the three months ended in Mar. 2024 was 0.51%.

Surf Air Mobility COGS-to-Revenue Historical Data

The historical data trend for Surf Air Mobility'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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Surf Air Mobility COGS-to-Revenue Chart

Surf Air Mobility Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

1.47

1.32

1.28

1.09

Surf Air Mobility Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							1.25	1.18	1.00	1.10	0.99

Surf Air Mobility COGS-to-Revenue Calculation

Surf Air Mobility's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	65.68	/	60.505
	=	1.09

Surf Air Mobility's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30.467	/	30.624
	=	0.99

Surf Air Mobility (NYSE:SRFM) COGS-to-Revenue Explanation

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

Surf Air Mobility'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	-	30.467 / 30.624
	=	0.51 %

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.

Surf Air Mobility COGS-to-Revenue Related Terms

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Surf Air Mobility (Surf Air Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Surf Air Mobility Inc (NYSE:SRFM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

12111 S. Crenshaw Boulevard, Hawthorne, California 90250, Hawthorne, CA, USA, 90250

Website

https://www.surfair.com

Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.

Executives

Edward A. Mady	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Bruce L. Hack	director	6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Carl A Albert	director	C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
John J. D'agostino	director	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Tyler Painter	director	C/O SURF AIR MOBILITY, 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Sudhin Shahani	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Deanna Leigh White	officer: Chief Financial Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Tyrone D. Bland	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Robert S. Little	director, officer: Chief Executive Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250