MIC Electronics (NSE:MICEL) COGS-to-Revenue : 0.63 (As of Dec. 2023)

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What is MIC Electronics COGS-to-Revenue?

MIC Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹109.9 Mil. Its Revenue for the three months ended in Dec. 2023 was ₹174.9 Mil.

MIC Electronics's COGS to Revenue for the three months ended in Dec. 2023 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MIC Electronics's Gross Margin % for the three months ended in Dec. 2023 was 37.16%.

MIC Electronics COGS-to-Revenue Historical Data

The historical data trend for MIC Electronics'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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MIC Electronics COGS-to-Revenue Chart

MIC Electronics Annual Data

Trend

Jun13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.77

0.72

0.74

0.68

0.70

MIC Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.43	0.76	0.46	0.43	0.63

MIC Electronics COGS-to-Revenue Calculation

MIC Electronics's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	150.355	/	213.317
	=	0.70

MIC Electronics's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	109.9	/	174.9
	=	0.63

MIC Electronics (NSE:MICEL) COGS-to-Revenue Explanation

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

MIC Electronics's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	109.9 / 174.9
	=	37.16 %

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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MIC Electronics (NSE:MICEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIC Electronics Ltd (NSE:MICEL) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

532850:India

Address

Plot No. 192/B, Phase-II, IDA, Cherlapally, Rangareddi, Hyderabad, TG, IND, 500051

Website

https://www.mic.co.in

MIC Electronics Ltd designs, develops and manufactures light-emitting diode (LED) video displays, high-end electronic and telecommunication equipment, and development of telecom software. The operating segments of the group are LED products; Medical appliances and Automobiles. Its products include LED Lighting, LED Displays, Oxygen concentrators and Batteries. The group primarily derives revenue from India.

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