African Rainbow Minerals (JSE:ARI) COGS-to-Revenue : 0.90 (As of Dec. 2023)

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What is African Rainbow Minerals COGS-to-Revenue?

African Rainbow Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was R5,206 Mil. Its Revenue for the six months ended in Dec. 2023 was R5,815 Mil.

African Rainbow Minerals's COGS to Revenue for the six months ended in Dec. 2023 was 0.90.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. African Rainbow Minerals's Gross Margin % for the six months ended in Dec. 2023 was 10.47%.

African Rainbow Minerals COGS-to-Revenue Historical Data

The historical data trend for African Rainbow Minerals'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 Rainbow Minerals COGS-to-Revenue Chart

African Rainbow Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.84

0.64

0.40

0.45

0.60

African Rainbow Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.52	0.41	0.50	0.75	0.90

African Rainbow Minerals COGS-to-Revenue Calculation

African Rainbow Minerals's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8836	/	14662
	=	0.60

African Rainbow Minerals's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5206	/	5815
	=	0.90

African Rainbow Minerals (JSE:ARI) COGS-to-Revenue Explanation

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

African Rainbow Minerals'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	-	5206 / 5815
	=	10.47 %

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 Rainbow Minerals COGS-to-Revenue Related Terms

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African Rainbow Minerals (JSE:ARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (JSE:ARI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

AFBOF:USA EB9:Germany

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: platinum, ferrous, coal, copper, and corporate. In addition, African Rainbow Minerals has an investment in gold through its shareholding in Harmony. Ferrous is the group's largest division, contributing roughly half of group revenue, closely trailed by the platinum division. The platinum division includes the Two Rivers Platinum Mine as a 51% subsidiary and an interest in the Modikwa Platinum Mine. The ferrous division comprises Assmang as a 50% joint venture, which includes iron ore, manganese, and chrome operations.