Kangwon Land (XKRX:035250) COGS-to-Revenue : 0.71 (As of Mar. 2024)

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What is Kangwon Land COGS-to-Revenue?

Kangwon Land's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩261,606 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩368,374 Mil.

Kangwon Land's COGS to Revenue for the three months ended in Mar. 2024 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Kangwon Land's Gross Margin % for the three months ended in Mar. 2024 was 28.98%.

Kangwon Land COGS-to-Revenue Historical Data

The historical data trend for Kangwon Land'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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Kangwon Land COGS-to-Revenue Chart

Kangwon Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.48

1.14

0.92

0.73

0.71

Kangwon Land 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															0.72	0.68	0.67	0.76	0.71

Kangwon Land COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	979376.845	/	1388572.378
	=	0.71

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	261606.002	/	368373.713
	=	0.71

Kangwon Land (XKRX:035250) COGS-to-Revenue Explanation

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

Kangwon Land'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	-	261606.002 / 368373.713
	=	28.98 %

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.

Kangwon Land COGS-to-Revenue Related Terms

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Kangwon Land (XKRX:035250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kangwon Land Inc (XKRX:035250) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

265 High1-Gil Sabuk-Eup, Jeongsun-Kun, Gangwon, KOR

Website

http://www.high1.com

Kangwon Land Inc is a casino and resort company. The business has six business segments that include Casino, Hotel, Holiday Unit, Golf Course, Skiing Ground, and Other. Kangwon operates numerous resorts and casinos that have table games and slot machines. The company's resorts also have condominium units. The Golf Course segment generates revenue from courses the company has built around its resorts. The Skiing Grounds segment is engaged in skiing tickets and rentals through the company's integrated ski resort. The Other business segment controls interests such as Kangwon's theme park. Kangwon Land generates the vast majority of its revenue in South Korea.

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