MITAC Holdings (TPE:3706) COGS-to-Revenue : 0.86 (As of Mar. 2024)

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What is MITAC Holdings COGS-to-Revenue?

MITAC Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$8,347 Mil. Its Revenue for the three months ended in Mar. 2024 was NT$9,654 Mil.

MITAC Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MITAC Holdings's Gross Margin % for the three months ended in Mar. 2024 was 13.54%.

MITAC Holdings COGS-to-Revenue Historical Data

The historical data trend for MITAC Holdings'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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MITAC Holdings COGS-to-Revenue Chart

MITAC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

0.89

0.90

0.92

0.87

MITAC Holdings 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	0.90	0.90	0.74	0.86

MITAC Holdings COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	31046.205	/	35536.013
	=	0.87

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8347.143	/	9653.944
	=	0.86

MITAC Holdings (TPE:3706) COGS-to-Revenue Explanation

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

MITAC Holdings'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	-	8347.143 / 9653.944
	=	13.54 %

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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MITAC Holdings (TPE:3706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MITAC Holdings Corp (TPE:3706) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 202, Wenhua 2nd Road, Guishan District, Taoyuan, TWN, 33383

Website

https://www.mitac.com

MITAC Holdings Corp is a holding company whose subsidiaries offer a range of electronics manufacturing services. It is engaged in designing, manufacturing, and distributing servers and storage products across various architectures in public cloud, private cloud, and hybrid cloud environments. The smart mobile device and cloud service business group build application ecosystems that bridge cloud service and smart mobile devices. It serves industries such as finance, technology, retail, education, and manufacturing. The company brands include Mio, Magellan, Navman, and Tyan.

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