HI-Green Carbon (NSE:HIGREEN) COGS-to-Revenue : 0.68 (As of Mar. 2023)

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What is HI-Green Carbon COGS-to-Revenue?

HI-Green Carbon's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹530.4 Mil. Its Revenue for the six months ended in Mar. 2023 was ₹785.2 Mil.

HI-Green Carbon's COGS to Revenue for the six months ended in Mar. 2023 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. HI-Green Carbon's Gross Margin % for the six months ended in Mar. 2023 was 32.45%.

HI-Green Carbon COGS-to-Revenue Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon COGS-to-Revenue Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

COGS-to-Revenue

0.76

0.75

0.68

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
COGS-to-Revenue	0.76	0.75	0.68

HI-Green Carbon COGS-to-Revenue Calculation

HI-Green Carbon's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	530.415	/	785.241
	=	0.68

HI-Green Carbon's COGS to Revenue for the quarter that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	530.415	/	785.241
	=	0.68

HI-Green Carbon (NSE:HIGREEN) COGS-to-Revenue Explanation

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

HI-Green Carbon'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	-	530.415 / 785.241
	=	32.45 %

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.

HI-Green Carbon COGS-to-Revenue Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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