Aqua Bounty Technologies (LSE:ABTX) COGS-to-Revenue : 9.39 (As of Mar. 2024)

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What is Aqua Bounty Technologies COGS-to-Revenue?

Aqua Bounty Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was £3.52 Mil. Its Revenue for the three months ended in Mar. 2024 was £0.38 Mil.

Aqua Bounty Technologies's COGS to Revenue for the three months ended in Mar. 2024 was 9.39.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Aqua Bounty Technologies's Gross Margin % for the three months ended in Mar. 2024 was -839.20%.

Aqua Bounty Technologies COGS-to-Revenue Historical Data

The historical data trend for Aqua Bounty Technologies'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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Aqua Bounty Technologies COGS-to-Revenue Chart

Aqua Bounty Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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19.07

52.32

9.18

4.35

6.18

Aqua Bounty Technologies 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															8.94	4.81	5.59	6.93	9.39

Aqua Bounty Technologies COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12.073	/	1.954
	=	6.18

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.522	/	0.375
	=	9.39

Aqua Bounty Technologies (LSE:ABTX) COGS-to-Revenue Explanation

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

Aqua Bounty Technologies'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	-	3.522 / 0.375
	=	-839.20 %

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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Aqua Bounty Technologies (LSE:ABTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Aqua Bounty Technologies Inc (LSE:ABTX) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

AQB:USA

Address

2 Mill and Main Place, Suite 395, Maynard, MA, USA, 01754

Website

https://www.aquabounty.com

AquaBounty Technologies Inc is engaged in the field of land-based aquaculture and the use of technology for improving its productivity and sustainability. The company's objective is to ensure the availability of high-quality seafood to meet global consumer demand while addressing critical production constraints in the most popular farmed species.