Great Basin Scientific (Great Basin Scientific) COGS-to-Revenue : 2.38 (As of Mar. 2017)

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What is Great Basin Scientific COGS-to-Revenue?

Great Basin Scientific's Cost of Goods Sold for the three months ended in Mar. 2017 was $1.98 Mil. Its Revenue for the three months ended in Mar. 2017 was $0.83 Mil.

Great Basin Scientific's COGS to Revenue for the three months ended in Mar. 2017 was 2.38.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Great Basin Scientific's Gross Margin % for the three months ended in Mar. 2017 was -138.27%.

Great Basin Scientific COGS-to-Revenue Historical Data

The historical data trend for Great Basin Scientific'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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Great Basin Scientific COGS-to-Revenue Chart

Great Basin Scientific Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

COGS-to-Revenue

18.82

2.87

2.47

2.25

2.64

Great Basin Scientific Quarterly Data
	Dec12	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
COGS-to-Revenue	Get a 7-Day Free Trial												2.55	2.59	2.94	2.52	2.38

Great Basin Scientific COGS-to-Revenue Calculation

Great Basin Scientific's COGS to Revenue for the fiscal year that ended in Dec. 2016 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8.061	/	3.048
	=	2.64

Great Basin Scientific's COGS to Revenue for the quarter that ended in Mar. 2017 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.98	/	0.831
	=	2.38

Great Basin Scientific (GREY:GBSNQ) COGS-to-Revenue Explanation

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

Great Basin Scientific's Gross Margin % for the three months ended in Mar. 2017 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1.98 / 0.831
	=	-138.27 %

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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Great Basin Scientific (Great Basin Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Great Basin Scientific Inc (GREY:GBSNQ) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

N/A

Address

420 East South Temple, Suite 520, Salt Lake City, UT, USA, 84111

Website

http://www.gbscience.com

Great Basin Scientific Inc is the United States based molecular diagnostic testing company. It is focused on the development and commercialization of molecular diagnostic platform designed to test for the infectious disease, especially hospital-acquired infections. Molecular diagnostic testing reduces test time from days to hours compared to culture methods. The company's system includes an analyzer, which it provides for the customers' use without charge in the United States, and a diagnostic cartridge, which it sells to the customers. The group derives its revenue from the sale of single-use assays sold in the United States, the European Union, and New Zealand, of which majority of the revenue is generated from the United States.

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