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Mitcham Industries Inc (NAS:MIND)
COGS to Revenue
1.26 (As of Jul. 2016)

Mitcham Industries Inc's cost of goods sold for the three months ended in Jul. 2016 was \$10.91 Mil. Its revenue for the three months ended in Jul. 2016 was \$8.66 Mil.

Mitcham Industries Inc's COGS to Revenue for the three months ended in Jul. 2016 was 1.26.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mitcham Industries Inc's Gross Margin for the three months ended in Jul. 2016 was -25.88%.

Definition

Mitcham Industries Inc's COGS to Revenue for the fiscal year that ended in Jan. 2016 is calculated as

 COGS to Revenue = Cost of Goods Sold / Revenue = 49.15 / 51.819 = 0.95

Mitcham Industries Inc's COGS to Revenue for the quarter that ended in Jul. 2016 is calculated as

 COGS to Revenue = Cost of Goods Sold / Revenue = 10.905 / 8.663 = 1.26

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

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

Mitcham Industries Inc's Gross Margin for the three months ended in Jul. 2016 is calculated as:

 Gross Margin = 1 - COGS to Revenue = 1 - Cost of Goods Sold / Revenue = 1 - 10.905 / 8.663 = -25.88 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Mitcham Industries Inc Annual Data

 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 cogs2rev 0.53 0.53 0.51 0.67 0.63 0.49 0.64 0.65 0.72 0.95

Mitcham Industries Inc Quarterly Data

 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 cogs2rev 0.56 0.83 0.69 0.88 0.73 1.35 0.89 1.09 1.03 1.26
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