Goldgroup Mining (Goldgroup Mining) COGS-to-Revenue : 0.79 (As of Dec. 2023)

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What is Goldgroup Mining COGS-to-Revenue?

Goldgroup Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.69 Mil. Its Revenue for the three months ended in Dec. 2023 was $4.67 Mil.

Goldgroup Mining's COGS to Revenue for the three months ended in Dec. 2023 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Goldgroup Mining's Gross Margin % for the three months ended in Dec. 2023 was 21.05%.

Goldgroup Mining COGS-to-Revenue Historical Data

The historical data trend for Goldgroup 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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Goldgroup Mining COGS-to-Revenue Chart

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.95

0.94

0.97

1.86

0.85

Goldgroup Mining 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															-	-	0.47	1.07	0.79

Goldgroup Mining COGS-to-Revenue Calculation

Goldgroup 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
	=	8.353	/	9.793
	=	0.85

Goldgroup Mining's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.69	/	4.674
	=	0.79

Goldgroup Mining (OTCPK:GGAZF) COGS-to-Revenue Explanation

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

Goldgroup Mining'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	-	3.69 / 4.674
	=	21.05 %

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.

Goldgroup Mining COGS-to-Revenue Related Terms

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Goldgroup Mining (Goldgroup Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (OTCPK:GGAZF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GGA:Mexico 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.