Taekwang Industrial Co (XKRX:003240) COGS-to-Revenue : 0.93 (As of Mar. 2024)

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What is Taekwang Industrial Co COGS-to-Revenue?

Taekwang Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩513,939 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩554,393 Mil.

Taekwang Industrial Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Taekwang Industrial Co's Gross Margin % for the three months ended in Mar. 2024 was 7.30%.

Taekwang Industrial Co COGS-to-Revenue Historical Data

The historical data trend for Taekwang Industrial 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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Taekwang Industrial Co COGS-to-Revenue Chart

Taekwang Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

0.85

0.78

0.96

0.95

Taekwang Industrial 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															0.95	0.94	0.92	1.00	0.93

Taekwang Industrial Co COGS-to-Revenue Calculation

Taekwang Industrial 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
	=	2161578.354	/	2265489.918
	=	0.95

Taekwang Industrial Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	513939.448	/	554392.629
	=	0.93

Taekwang Industrial Co (XKRX:003240) COGS-to-Revenue Explanation

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

Taekwang Industrial 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	-	513939.448 / 554392.629
	=	7.30 %

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.

Taekwang Industrial Co COGS-to-Revenue Related Terms

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Taekwang Industrial Co (XKRX:003240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taekwang Industrial Co Ltd (XKRX:003240) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

162-1 Jangchung-dong 2-Ga, Jung-gu, Seoul, KOR, 100-392

Website

http://www.taekwang.co.kr

Taekwang Industrial Co Ltd functions basically in the oil & gas industry in Korea. Its scope of business includes petrochemical products, fibers, and textiles. Its petrochemicals include purified terephthalic acid (PTA), propylene, acrylonitrile, sodium cyanide. The company's fiber products derived from its chemicals include acrylic fibers, nylons, spandex, spun yarns, worsted fabrics, cotton fabrics. Apart from its core business, the company also ventures into property renting and broadcast communication businesses.

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