Red River Resources (ASX:RVR) COGS-to-Revenue : 0.52 (As of Jun. 2022)

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What is Red River Resources COGS-to-Revenue?

Red River Resources's Cost of Goods Sold for the six months ended in Jun. 2022 was A$26.4 Mil. Its Revenue for the six months ended in Jun. 2022 was A$50.8 Mil.

Red River Resources's COGS to Revenue for the six months ended in Jun. 2022 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Red River Resources's Gross Margin % for the six months ended in Jun. 2022 was 48.09%.

Red River Resources COGS-to-Revenue Historical Data

The historical data trend for Red River Resources'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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Red River Resources COGS-to-Revenue Chart

Red River Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

COGS-to-Revenue

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0.49

0.43

0.53

0.40

0.46

Red River Resources Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
COGS-to-Revenue	Get a 7-Day Free Trial															0.55	0.35	0.46	0.42	0.52

Red River Resources COGS-to-Revenue Calculation

Red River Resources's COGS to Revenue for the fiscal year that ended in Jun. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	52.941	/	113.927
	=	0.46

Red River Resources's COGS to Revenue for the quarter that ended in Jun. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	26.353	/	50.762
	=	0.52

Red River Resources (ASX:RVR) COGS-to-Revenue Explanation

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

Red River Resources's Gross Margin % for the six months ended in Jun. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	26.353 / 50.762
	=	48.09 %

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.

Red River Resources COGS-to-Revenue Related Terms

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Red River Resources (ASX:RVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red River Resources Ltd (ASX:RVR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

18144 Flinders Highway, Thalanga Mine, Charters Towers, QLD, AUS, 4820

Website

https://www.redriverresources.com.au

Red River Resources Ltd is seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development. Its foundation asset is the Thalanga Base Metal Operation in Northern Queensland, where the company commenced copper, lead and zinc concentrate production in September 2017. It has acquired the high-grade Hillgrove Gold Project in New South Wales, which will enable the company to build a multi-asset operating business focused on base and precious metals. The company operates only in the industry of exploration for and development of minerals in Australia.