Norse Atlantic ASA (OSL:NORSE) COGS-to-Revenue : 1.49 (As of Mar. 2024)

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What is Norse Atlantic ASA COGS-to-Revenue?

Norse Atlantic ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,236 Mil. Its Revenue for the three months ended in Mar. 2024 was kr830 Mil.

Norse Atlantic ASA's COGS to Revenue for the three months ended in Mar. 2024 was 1.49.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Norse Atlantic ASA's Gross Margin % for the three months ended in Mar. 2024 was -48.90%.

Norse Atlantic ASA COGS-to-Revenue Historical Data

The historical data trend for Norse Atlantic ASA'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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Norse Atlantic ASA COGS-to-Revenue Chart

Norse Atlantic ASA Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

2.17

1.11

Norse Atlantic ASA Quarterly Data
	Feb20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial						2.30	1.07	0.82	1.31	1.49

Norse Atlantic ASA COGS-to-Revenue Calculation

Norse Atlantic ASA's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5145.491	/	4635.797
	=	1.11

Norse Atlantic ASA's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1236.331	/	830.301
	=	1.49

Norse Atlantic ASA (OSL:NORSE) COGS-to-Revenue Explanation

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

Norse Atlantic ASA'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	-	1236.331 / 830.301
	=	-48.90 %

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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Norse Atlantic ASA (OSL:NORSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norse Atlantic ASA (OSL:NORSE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NRSAF:USA 9LG0:Germany

Address

Floyveien 14, Arendal, NOR, 4838

Website

https://www.flynorse.com

Norse Atlantic ASA is a new innovative airline serving the low-cost, intercontinental market between popular European and The USA destinations with a fleet of modern, fuel-efficient, and more environmentally friendly Boeing 787 Dreamliners. Geographically, the company operates in Norway. United Kingdom, Europe, The USA and Other.

Norse Atlantic ASA (OSL:NORSE) Headlines

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