BlueBet Holdings (ASX:BBT) COGS-to-Revenue : 0.47 (As of Dec. 2023)

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What is BlueBet Holdings COGS-to-Revenue?

BlueBet Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$13.14 Mil. Its Revenue for the six months ended in Dec. 2023 was A$27.82 Mil.

BlueBet Holdings's COGS to Revenue for the six months ended in Dec. 2023 was 0.47.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. BlueBet Holdings's Gross Margin % for the six months ended in Dec. 2023 was 52.76%.

BlueBet Holdings COGS-to-Revenue Historical Data

The historical data trend for BlueBet 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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BlueBet Holdings COGS-to-Revenue Chart

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

COGS-to-Revenue

0.41

0.45

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial			0.44	0.39	0.47	0.43	0.47

BlueBet Holdings COGS-to-Revenue Calculation

BlueBet Holdings's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	24.199	/	53.928
	=	0.45

BlueBet Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.142	/	27.817
	=	0.47

BlueBet Holdings (ASX:BBT) COGS-to-Revenue Explanation

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

BlueBet Holdings's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	13.142 / 27.817
	=	52.76 %

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.

BlueBet Holdings COGS-to-Revenue Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

BlueBet Holdings (ASX:BBT) Headlines

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