Cigniti Technologies (NSE:CIGNITITEC) COGS-to-Revenue : 0.67 (As of Mar. 2024)

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What is Cigniti Technologies COGS-to-Revenue?

Cigniti Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,037 Mil. Its Revenue for the three months ended in Mar. 2024 was ₹4,556 Mil.

Cigniti Technologies's COGS to Revenue for the three months ended in Mar. 2024 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cigniti Technologies's Gross Margin % for the three months ended in Mar. 2024 was 33.34%.

Cigniti Technologies COGS-to-Revenue Historical Data

The historical data trend for Cigniti Technologies'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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Cigniti Technologies COGS-to-Revenue Chart

Cigniti Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.60

0.59

0.61

0.59

0.62

Cigniti Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.58	0.58	0.60	0.60	0.67

Cigniti Technologies COGS-to-Revenue Calculation

Cigniti Technologies's COGS to Revenue for the fiscal year that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11241.802	/	18150.133
	=	0.62

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3037.171	/	4556.41
	=	0.67

Cigniti Technologies (NSE:CIGNITITEC) COGS-to-Revenue Explanation

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

Cigniti Technologies'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	-	3037.171 / 4556.41
	=	33.34 %

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.

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Cigniti Technologies (NSE:CIGNITITEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Cigniti Technologies Ltd (NSE:CIGNITITEC) » Definitions » COGS-to-Revenue

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534758:India

Address

MGR Estates, Dwarakapuri Colony, Suite No. 106 and 107, 6-3-456/C, Punjagutta, Hyderabad, TG, IND, 500082

Website

https://www.cigniti.com

Cigniti Technologies Ltd is an India-based company engaged in Independent Software Testing Services. Its test offerings include Quality Engineering, Advisory and Transformation, Next Generation Testing, and Core Testing. The company's services include Agile testing, DevOps QA, Service Virtualization, Test Data Management, mobile testing, digital QA, Big Data and analytics testing, e-commerce testing, energy and utilities, medical device testing and game testing. It also provides functional testing, test automation, performance testing, security testing, enterprise resource planning (ERP) testing, regression testing, and globalization testing amongst others.

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