Mullen Group (TSX:MTL) COGS-to-Revenue : 0.77 (As of Mar. 2024)

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What is Mullen Group COGS-to-Revenue?

Mullen Group's Cost of Goods Sold for the three months ended in Mar. 2024 was C$358 Mil. Its Revenue for the three months ended in Mar. 2024 was C$463 Mil.

Mullen Group's COGS to Revenue for the three months ended in Mar. 2024 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mullen Group's Gross Margin % for the three months ended in Mar. 2024 was 22.52%.

Mullen Group COGS-to-Revenue Historical Data

The historical data trend for Mullen Group'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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Mullen Group COGS-to-Revenue Chart

Mullen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.80

0.77

0.79

0.77

0.76

Mullen Group 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															0.77	0.75	0.76	0.77	0.77

Mullen Group COGS-to-Revenue Calculation

Mullen Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1520.845	/	1994.721
	=	0.76

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	358.398	/	462.585
	=	0.77

Mullen Group (TSX:MTL) COGS-to-Revenue Explanation

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

Mullen Group'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	-	358.398 / 462.585
	=	22.52 %

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.

Mullen Group COGS-to-Revenue Related Terms

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Mullen Group (TSX:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (TSX:MTL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MLLGF:USA 9MU:Germany

Address

121A - 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.

Executives

Joanna Kathryn Scott

Senior Officer