MJHI (MJ Harvest) COGS-to-Revenue : 0.91 (As of Feb. 2023)

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What is MJ Harvest COGS-to-Revenue?

MJ Harvest's Cost of Goods Sold for the three months ended in Feb. 2023 was $0.35 Mil. Its Revenue for the three months ended in Feb. 2023 was $0.38 Mil.

MJ Harvest's COGS to Revenue for the three months ended in Feb. 2023 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MJ Harvest's Gross Margin % for the three months ended in Feb. 2023 was 9.16%.

MJ Harvest COGS-to-Revenue Historical Data

The historical data trend for MJ Harvest'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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MJ Harvest COGS-to-Revenue Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

COGS-to-Revenue

0.34

0.14

0.45

1.08

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
COGS-to-Revenue	Get a 7-Day Free Trial													0.58	5.40	1.84	0.28	0.91

MJ Harvest COGS-to-Revenue Calculation

MJ Harvest's COGS to Revenue for the fiscal year that ended in May. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.186	/	0.173
	=	1.08

MJ Harvest's COGS to Revenue for the quarter that ended in Feb. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.347	/	0.382
	=	0.91

MJ Harvest (OTCPK:MJHI) COGS-to-Revenue Explanation

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

MJ Harvest's Gross Margin % for the three months ended in Feb. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.347 / 0.382
	=	9.16 %

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.

MJ Harvest COGS-to-Revenue Related Terms

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MJ Harvest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139