Flour Mills Nigeria (NSA:FMNL) COGS-to-Revenue : 0.88 (As of Mar. 2023)

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What is Flour Mills Nigeria COGS-to-Revenue?

Flour Mills Nigeria's Cost of Goods Sold for the six months ended in Mar. 2023 was ₦1,362,552 Mil. Its Revenue for the six months ended in Mar. 2023 was ₦1,539,655 Mil.

Flour Mills Nigeria's COGS to Revenue for the six months ended in Mar. 2023 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Flour Mills Nigeria's Gross Margin % for the six months ended in Mar. 2023 was 11.50%.

Flour Mills Nigeria COGS-to-Revenue Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria COGS-to-Revenue Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.90

0.89

0.86

0.91

0.88

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
COGS-to-Revenue	Get a 7-Day Free Trial								0.90	0.89	0.86	0.91	0.88

Flour Mills Nigeria COGS-to-Revenue Calculation

Flour Mills Nigeria's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1362551.941	/	1539654.788
	=	0.88

Flour Mills Nigeria's COGS to Revenue for the quarter that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1362551.941	/	1539654.788
	=	0.88

Flour Mills Nigeria (NSA:FMNL) COGS-to-Revenue Explanation

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

Flour Mills Nigeria's Gross Margin % for the six months ended in Mar. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1362551.941 / 1539654.788
	=	11.50 %

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.

Flour Mills Nigeria COGS-to-Revenue Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

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