Canickel Mining (Canickel Mining) COGS-to-Revenue : 29.63 (As of Mar. 2024)

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What is Canickel Mining COGS-to-Revenue?

Canickel Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.24 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.01 Mil.

Canickel Mining's COGS to Revenue for the three months ended in Mar. 2024 was 29.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Canickel Mining's Gross Margin % for the three months ended in Mar. 2024 was -2,862.50%.

Canickel Mining COGS-to-Revenue Historical Data

The historical data trend for Canickel Mining'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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Canickel Mining COGS-to-Revenue Chart

Canickel Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.33

2.03

1.71

Canickel Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															-	-	-	-	29.63

Canickel Mining COGS-to-Revenue Calculation

Canickel Mining's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.237	/	0
	=

Canickel Mining's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.237	/	0.008
	=	29.63

Canickel Mining (OTCPK:CMLGF) COGS-to-Revenue Explanation

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

Canickel Mining's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.237 / 0.008
	=	-2,862.50 %

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.

Canickel Mining COGS-to-Revenue Related Terms

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Canickel Mining (Canickel Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canickel Mining Ltd (OTCPK:CMLGF) » Definitions » COGS-to-Revenue

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CMID:Germany CML:Canada

Address

999 West Hastings Street, Suite 1655, P.O.Box 35, Vancouver, BC, CAN, V6C 2W2

Website

https://www.canickel.com

Canickel Mining Ltd is a mining company focused on nickel mining and related activities, including exploration and the extraction and processing of nickel-containing ore. All assets of the Company are in Canada. It is also operating running the care and maintenance program at Bucko Lake Mine to safeguard assets and carry out exploration activities. It has a single segment and is focused on nickel mining including exploration and extraction and processing of nickel-containing ore.

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