Millennium Group International Holdings (Millennium Group International Holdings) COGS-to-Revenue : 0.84 (As of Jun. 2023)

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What is Millennium Group International Holdings COGS-to-Revenue?

Millennium Group International Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $16.16 Mil. Its Revenue for the six months ended in Jun. 2023 was $19.27 Mil.

Millennium Group International Holdings's COGS to Revenue for the six months ended in Jun. 2023 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Millennium Group International Holdings's Gross Margin % for the six months ended in Jun. 2023 was 16.17%.

Millennium Group International Holdings COGS-to-Revenue Historical Data

The historical data trend for Millennium Group International 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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Millennium Group International Holdings COGS-to-Revenue Chart

Millennium Group International Holdings Annual Data

Trend

Jun21

Jun22

Jun23

COGS-to-Revenue

0.73

0.75

0.80

Millennium Group International Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	-	0.75	0.76	0.77	0.84

Millennium Group International Holdings COGS-to-Revenue Calculation

Millennium Group International 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
	=	36.535	/	45.599
	=	0.80

Millennium Group International Holdings's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	16.155	/	19.27
	=	0.84

Millennium Group International Holdings (NAS:MGIH) COGS-to-Revenue Explanation

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

Millennium Group International Holdings'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	-	16.155 / 19.27
	=	16.17 %

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.

Millennium Group International Holdings COGS-to-Revenue Related Terms

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Millennium Group International Holdings (Millennium Group International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rm 2722, 27/F, No.1 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077

Website

https://www.millennium-gp.com

Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products and corrugated products.

Millennium Group International Holdings (Millennium Group International Holdings) Headlines

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