Castor Maritime (Castor Maritime) COGS-to-Revenue : 0.64 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Castor Maritime COGS-to-Revenue?

Castor Maritime's Cost of Goods Sold for the three months ended in Mar. 2024 was $13.04 Mil. Its Revenue for the three months ended in Mar. 2024 was $20.39 Mil.

Castor Maritime's COGS to Revenue for the three months ended in Mar. 2024 was 0.64.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Castor Maritime's Gross Margin % for the three months ended in Mar. 2024 was 36.03%.

Castor Maritime COGS-to-Revenue Historical Data

The historical data trend for Castor Maritime'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.

* Premium members only.

Castor Maritime COGS-to-Revenue Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

Get a 7-Day Free Trial

0.66

0.80

0.38

0.42

0.71

Castor Maritime 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															0.75	0.69	0.81	0.61	0.64

Castor Maritime COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	69.043	/	97.516
	=	0.71

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.044	/	20.39
	=	0.64

Castor Maritime (NAS:CTRM) COGS-to-Revenue Explanation

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

Castor Maritime'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	-	13.044 / 20.39
	=	36.03 %

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.

Castor Maritime COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Castor Maritime's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Castor Maritime (Castor Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

1C1A:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.