Caravelle International Group (Caravelle International Group) COGS-to-Revenue : 0.92 (As of Apr. 2023)

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What is Caravelle International Group COGS-to-Revenue?

Caravelle International Group's Cost of Goods Sold for the six months ended in Apr. 2023 was $41.7 Mil. Its Revenue for the six months ended in Apr. 2023 was $45.1 Mil.

Caravelle International Group's COGS to Revenue for the six months ended in Apr. 2023 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Caravelle International Group's Gross Margin % for the six months ended in Apr. 2023 was 7.51%.

Caravelle International Group COGS-to-Revenue Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group COGS-to-Revenue Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

COGS-to-Revenue

1.05

0.89

0.86

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
COGS-to-Revenue	Get a 7-Day Free Trial			0.97	0.82	0.77	0.94	0.92

Caravelle International Group COGS-to-Revenue Calculation

Caravelle International Group's COGS to Revenue for the fiscal year that ended in Oct. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	158.503	/	185.35
	=	0.86

Caravelle International Group's COGS to Revenue for the quarter that ended in Apr. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	41.714	/	45.102
	=	0.92

Caravelle International Group (NAS:CACO) COGS-to-Revenue Explanation

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

Caravelle International Group's Gross Margin % for the six months ended in Apr. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	41.714 / 45.102
	=	7.51 %

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.

Caravelle International Group COGS-to-Revenue Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.