Comfort Gloves Bhd (XKLS:2127) COGS-to-Revenue : 1.11 (As of Mar. 2024)

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What is Comfort Gloves Bhd COGS-to-Revenue?

Comfort Gloves Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM74.5 Mil. Its Revenue for the three months ended in Mar. 2024 was RM67.2 Mil.

Comfort Gloves Bhd's COGS to Revenue for the three months ended in Mar. 2024 was 1.11.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Comfort Gloves Bhd's Gross Margin % for the three months ended in Mar. 2024 was -10.85%.

Comfort Gloves Bhd COGS-to-Revenue Historical Data

The historical data trend for Comfort Gloves Bhd'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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Comfort Gloves Bhd COGS-to-Revenue Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

COGS-to-Revenue

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0.88

0.87

0.57

1.05

1.07

Comfort Gloves Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															1.31	1.10	1.01	0.82	1.11

Comfort Gloves Bhd COGS-to-Revenue Calculation

Comfort Gloves Bhd's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	349.752	/	325.883
	=	1.07

Comfort Gloves Bhd's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	74.497	/	67.205
	=	1.11

Comfort Gloves Bhd (XKLS:2127) COGS-to-Revenue Explanation

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

Comfort Gloves Bhd'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	-	74.497 / 67.205
	=	-10.85 %

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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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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