African Agriculture Holdings (African Agriculture Holdings) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is African Agriculture Holdings COGS-to-Revenue?

African Agriculture Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.32 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.35 Mil.

African Agriculture Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. African Agriculture Holdings's Gross Margin % for the three months ended in Mar. 2024 was 8.12%.

African Agriculture Holdings COGS-to-Revenue Historical Data

The historical data trend for African Agriculture Holdings'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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African Agriculture Holdings COGS-to-Revenue Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

1.15

0.75

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial				0.67	0.71	0.75	-	0.92

African Agriculture Holdings COGS-to-Revenue Calculation

African Agriculture Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.358	/	1.817
	=	0.75

African Agriculture Holdings's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.317	/	0.345
	=	0.92

African Agriculture Holdings (NAS:AAGR) COGS-to-Revenue Explanation

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

African Agriculture Holdings'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	-	0.317 / 0.345
	=	8.12 %

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.

African Agriculture Holdings COGS-to-Revenue Related Terms

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African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.