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Nano Magic (Nano Magic) COGS-to-Revenue : 0.88 (As of Mar. 2024)


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What is Nano Magic COGS-to-Revenue?

Nano Magic's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.51 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.58 Mil.

Nano Magic's COGS to Revenue for the three months ended in Mar. 2024 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nano Magic's Gross Margin % for the three months ended in Mar. 2024 was 11.90%.

Nano Magic COGS-to-Revenue Historical Data

The historical data trend for Nano Magic'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.

* Premium members only.

Nano Magic COGS-to-Revenue Chart

Nano Magic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.65 0.61 0.96 0.87

Nano Magic 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.72 0.88 0.99 0.88

Nano Magic COGS-to-Revenue Calculation

Nano Magic's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=2.418 / 2.782
=0.87

Nano Magic's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=0.511 / 0.58
=0.88

* 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.

Nano Magic  (OTCPK:NMGX) COGS-to-Revenue Explanation

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

Nano Magic'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 - 0.511 / 0.58
=11.90 %

* 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.

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.

Nano Magic COGS-to-Revenue Related Terms

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Nano Magic (Nano Magic) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nano Magic Inc (OTCPK:NMGX) » Definitions » COGS-to-Revenue
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TORM HGAS SNES AVOA CRKN CBNT COWI CNEY BGLC ETCK LIN XPAR:AI SHW ECL APD XSWX:SIKA XSWX:GIVN SHSE:600309 ISX:TPIA LYB
Traded in Other Exchanges
N/A
Address
31601 Research Park Drive, Madison Heights, MI, USA, 48071
Website
https://www.nanomagic.com
Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces.
Executives
Scott E. Rickert director, 10 percent owner, officer: CEO, President & Chairman 431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Jeanne M Rickert director, officer: Chief Legal Officer 431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Ronald J Berman director 701 BRICKELL AVENUE, SUITE 1550, MIAMI FL 33131
Raymond William Gunn director 56420 NEWPORT DRIVE, SHELBY TOWNSHIP MI 48316
David M Sherbin director 4181 AO SOUTHMOOR LANE, WEST BLOOMFIELD MI 48323
Miles Geoffrey Gatland director 1110 ISLAND DRIVE, COMMERCE TOWNSHIP MI 48382
Lara O'connor Hodgson director 8 HABERSHAM PARK, ATLANTA GA 30305
Magic Growth 2 Llc 10 percent owner 31601 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071
Magic Growth Llc 10 percent owner 750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Tom J. Berman director, officer: President 750 DENISON COURT, BLOOMFIELD HILLS MI 48302
John Todd Lunsford director 4971 CHERRY BLOSSOM CIRCLE, WEST BLOOMFIELD MI 48324
Leandro Vera officer: CFO 11271 N ROCKING R RD., HAYDEN ID 83835
Jacqueline M Soptick officer: Chief Accounting Officer 3006 LONGHORN BLVD, STE 107, AUSTIN TX 78732
Pen Comeback 2, Llc 10 percent owner 750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Pen Comeback, Llc 10 percent owner 750 DENISON COURT, BLOOMFIELD HILLS MI 48302