Ballard Power Systems (Ballard Power Systems) COGS-to-Revenue : 1.22 (As of Dec. 2023)

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What is Ballard Power Systems COGS-to-Revenue?

Ballard Power Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $56.4 Mil. Its Revenue for the three months ended in Dec. 2023 was $46.1 Mil.

Ballard Power Systems's COGS to Revenue for the three months ended in Dec. 2023 was 1.22.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ballard Power Systems's Gross Margin % for the three months ended in Dec. 2023 was -22.28%.

Ballard Power Systems COGS-to-Revenue Historical Data

The historical data trend for Ballard Power Systems'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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Ballard Power Systems COGS-to-Revenue Chart

Ballard Power Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.79

0.80

0.87

1.16

1.21

Ballard Power Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															1.33	1.42	1.21	1.10	1.22

Ballard Power Systems COGS-to-Revenue Calculation

Ballard Power Systems's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	124.199	/	102.368
	=	1.21

Ballard Power Systems's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	56.419	/	46.14
	=	1.22

Ballard Power Systems (NAS:BLDP) COGS-to-Revenue Explanation

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

Ballard Power Systems's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	56.419 / 46.14
	=	-22.28 %

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.

Ballard Power Systems COGS-to-Revenue Related Terms

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Ballard Power Systems (Ballard Power Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ballard Power Systems Inc (NAS:BLDP) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

0QY5:UK PO0:Germany BLDP:Canada

Address

9000 Glenlyon Parkway, Burnaby, BC, CAN, V5J 5J8

Website

https://www.ballard.com

Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the U.S., Europe, and China.