InvoCare (ASX:IVC) COGS-to-Revenue : 0.27 (As of Jun. 2023)

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What is InvoCare COGS-to-Revenue?

InvoCare's Cost of Goods Sold for the six months ended in Jun. 2023 was A$69.9 Mil. Its Revenue for the six months ended in Jun. 2023 was A$260.5 Mil.

InvoCare's COGS to Revenue for the six months ended in Jun. 2023 was 0.27.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. InvoCare's Gross Margin % for the six months ended in Jun. 2023 was 73.15%.

InvoCare COGS-to-Revenue Historical Data

The historical data trend for InvoCare'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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InvoCare COGS-to-Revenue Chart

InvoCare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.26

0.25

0.26

0.24

0.25

InvoCare Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.24	0.25	0.25	0.26	0.27

InvoCare COGS-to-Revenue Calculation

InvoCare's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	148.953	/	588.933
	=	0.25

InvoCare's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	69.946	/	260.496
	=	0.27

InvoCare (ASX:IVC) COGS-to-Revenue Explanation

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

InvoCare's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	69.946 / 260.496
	=	73.15 %

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.

InvoCare COGS-to-Revenue Related Terms

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InvoCare (ASX:IVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » InvoCare Ltd (ASX:IVC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Mount Street, Level 5, North Sydney, NSW, AUS, 2060

Website

https://www.invocare.com.au

InvoCare is the largest funeral, cemetery, and crematorium operator in Australia and New Zealand. We estimate InvoCare enjoys over a third of revenue share in Australia, and around a fifth in New Zealand, and is the number one player in both countries. Australia contributes the vast majority of consolidated earnings. InvoCare owns a portfolio of over 60 brands, including three flagship national Australian brands: White Lady, Simplicity Funerals, and Value Cremations, and owns and operates 290 funeral homes, along with 16 cemeteries and crematoria.

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