China Airlines (TPE:2610) COGS-to-Revenue : 0.84 (As of Mar. 2024)

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What is China Airlines COGS-to-Revenue?

China Airlines's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$41,048 Mil. Its Revenue for the three months ended in Mar. 2024 was NT$48,645 Mil.

China Airlines's COGS to Revenue for the three months ended in Mar. 2024 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Airlines's Gross Margin % for the three months ended in Mar. 2024 was 15.62%.

China Airlines COGS-to-Revenue Historical Data

The historical data trend for China Airlines'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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China Airlines COGS-to-Revenue Chart

China Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.90

0.91

0.83

0.92

0.87

China Airlines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.88	0.83	0.87	0.90	0.84

China Airlines COGS-to-Revenue Calculation

China Airlines's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	160986.016	/	184816.79
	=	0.87

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	41047.833	/	48644.558
	=	0.84

China Airlines (TPE:2610) COGS-to-Revenue Explanation

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

China Airlines'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	-	41047.833 / 48644.558
	=	15.62 %

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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China Airlines (TPE:2610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Airlines Ltd (TPE:2610) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

No. 1, Hangzhan South Road, Dayuan District, Taoyuan, TWN

Website

https://www.china-airlines.com

China Airlines Ltd provides air transportation services. The company is composed of its flight and non-flight segments. The flight segment is the core business of the firm and offers transport services primarily for passengers and cargo. A vast proportion of the company's revenue is generated from transporting passengers in its flight operating unit. The non-flight segment provides various services such as mail and ground solutions, data processing services to other airlines, aircraft maintenance, and aircraft leasing. It engages in air transportation services for passengers, cargo and others. The company's geographical segments include America, Northeast Asia, Southeast Asia, Europe, Australia, China, and Domestic.

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