Foresight Autonomous Holdings (Foresight Autonomous Holdings) COGS-to-Revenue : 0.28 (As of Dec. 2023)

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What is Foresight Autonomous Holdings COGS-to-Revenue?

Foresight Autonomous Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.04 Mil. Its Revenue for the three months ended in Dec. 2023 was $0.14 Mil.

Foresight Autonomous Holdings's COGS to Revenue for the three months ended in Dec. 2023 was 0.28.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Foresight Autonomous Holdings's Gross Margin % for the three months ended in Dec. 2023 was 71.74%.

Foresight Autonomous Holdings COGS-to-Revenue Historical Data

The historical data trend for Foresight Autonomous Holdings'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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Foresight Autonomous Holdings COGS-to-Revenue Chart

Foresight Autonomous Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.56

0.46

0.29

Foresight Autonomous Holdings 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															0.44	0.38	-	0.27	0.28

Foresight Autonomous Holdings COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.143	/	0.497
	=	0.29

Foresight Autonomous Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.039	/	0.138
	=	0.28

Foresight Autonomous Holdings (NAS:FRSX) COGS-to-Revenue Explanation

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

Foresight Autonomous Holdings'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	-	0.039 / 0.138
	=	71.74 %

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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Foresight Autonomous Holdings (Foresight Autonomous Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Foresight Autonomous Holdings Ltd (NAS:FRSX) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FRSX:Israel

Address

7 Golda Meir Street, Weizmann Science Park, Ness Ziona, ISR, 7403650

Website

https://www.foresightauto.com

Foresight Autonomous Holdings Ltd is a technology company engaged in the design, development and commercialization of vision systems for the automotive industry. The company develops both in-line-of-sight vision systems and beyond-line-of-sight cellular-based applications through its wholly-owned subsidiaries. Its systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is pursuing several markets and believes its advanced systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform.