The American Club 2023/2024 Annual Report

PAGE 46

Cost of Goods Sold

Total Cost of Goods Sold (S$'000) and COGS as % of Total Income

10,000

30.0%

25.3%

9,000

9,218

22.8%

21.9%

8,155 23.9%

25.0%

8,000

8,305

21.9%

8,111

20.0%

7,433

7,000

20.1%

20.0%

18.4% 18.4% 17.8%

6,419

6,000

5,592

5,000

15.0%

5,163

4,751

4,695

4,000

10.0%

3,000

2,000

5.0%

1,000

0

0.0%

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

Total Cost of Goods Sold (S$'000)

COGS as % of Total Income

With continued focus on cost control measures and procurement strategies in place, the Club has seen encouraging results in reducing overall cost of goods cost by 0.9% despite inflationary pressures.

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2023 / 2024