Findit (Findit) COGS-to-Revenue : 0.26 (As of Mar. 2024)

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What is Findit COGS-to-Revenue?

Findit's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.16 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.62 Mil.

Findit's COGS to Revenue for the three months ended in Mar. 2024 was 0.26.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Findit's Gross Margin % for the three months ended in Mar. 2024 was 74.27%.

Findit COGS-to-Revenue Historical Data

The historical data trend for Findit'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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Findit COGS-to-Revenue Chart

Findit Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.01

Findit Quarterly Data
	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.29	-	-	-	0.26

Findit COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0	/	0.022
	=	0.00

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.159	/	0.618
	=	0.26

Findit (OTCPK:FDIT) COGS-to-Revenue Explanation

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

Findit'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	-	0.159 / 0.618
	=	74.27 %

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.

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Findit (Findit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Findit Inc (OTCPK:FDIT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

5051 Peachtree Corners Circle, No. 200, Peachtree Corners, GA, USA, 30092

Website

https://www.findit.com

Findit Inc owns Findit.com and the Findit App. Findit.com and the Findit App operate as a Social Media Content Management Platform, that includes its own search engine. Members can utilize Findit search to submit URLs they want Findit to index in Findit search results. Nonmembers can come to Findit and enter search queries, Findit returns matching search results from content posted in Findit along with outside web pages that have been submitted.