Nexen Tire (XKRX:002350) COGS-to-Revenue : 0.74 (As of Mar. 2024)

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What is Nexen Tire COGS-to-Revenue?

Nexen Tire's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩500,648 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩678,084 Mil.

Nexen Tire's COGS to Revenue for the three months ended in Mar. 2024 was 0.74.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nexen Tire's Gross Margin % for the three months ended in Mar. 2024 was 26.17%.

Nexen Tire COGS-to-Revenue Historical Data

The historical data trend for Nexen Tire'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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Nexen Tire COGS-to-Revenue Chart

Nexen Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.70

0.74

0.79

0.83

0.73

Nexen Tire 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															0.78	0.75	0.71	0.68	0.74

Nexen Tire COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1962430.087	/	2701720.151
	=	0.73

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	500648.138	/	678084.342
	=	0.74

Nexen Tire (XKRX:002350) COGS-to-Revenue Explanation

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

Nexen Tire'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	-	500648.138 / 678084.342
	=	26.17 %

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.

Nexen Tire COGS-to-Revenue Related Terms

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Nexen Tire (XKRX:002350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexen Tire Corp (XKRX:002350) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

002355:Korea

Address

355, Chungryeol-ro, Gyeongsangnam-do, Yangsan-si, KOR

Website

http://www.nexentire.com

Nexen Tire Corp manufactures, markets and exports tires. The firm has divided its business in the passenger car, SUV, Van and light truck, Global OE, Solid tire and Tube and Flap and all seasons divisions. The company has manufacturing facilities in Korea and China and has research and development facilities in the U.S., China, and Germany.

Nexen Tire (XKRX:002350) Headlines

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