GGB COGS
Cost of goods sold: opening stock plus purchases minus closing stock. What you consumed, not what you bought.
COGS is the cost of the food and beverage actually consumed to generate the period's sales. It is computed from stock counts, opening stock plus purchases minus closing stock, because invoices alone say what you bought, not what you used. Without honest month-end counts, every ratio downstream of COGS is fiction.
COGS = opening stock + purchases - closing stock
Count stock at cost, at the same time each period; include food and beverage but not smallwares or cleaning.
Illustrative: opening stock AED 25,000, purchases AED 62,000 and closing stock AED 27,000 gives COGS of AED 60,000, which is 30% of AED 200,000 revenue. Booking purchases straight to cost without the count would have overstated COGS by AED 2,000 this month.
Place COGS on the margin index