Perseus Mining (Perseus Mining) COGS-to-Revenue : 0.43 (As of Dec. 2023)

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What is Perseus Mining COGS-to-Revenue?

Perseus Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was $208.4 Mil. Its Revenue for the six months ended in Dec. 2023 was $489.0 Mil.

Perseus Mining's COGS to Revenue for the six months ended in Dec. 2023 was 0.43.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Perseus Mining's Gross Margin % for the six months ended in Dec. 2023 was 57.37%.

Perseus Mining COGS-to-Revenue Historical Data

The historical data trend for Perseus 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.

* Premium members only.

Perseus Mining COGS-to-Revenue Chart

Perseus Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.68

0.54

0.55

0.50

0.42

Perseus Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.54	0.46	0.47	0.38	0.43

Perseus Mining COGS-to-Revenue Calculation

Perseus Mining's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	400.543	/	944.193
	=	0.42

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	208.422	/	488.959
	=	0.43

Perseus Mining (OTCPK:PMNXF) COGS-to-Revenue Explanation

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

Perseus Mining's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	208.422 / 488.959
	=	57.37 %

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.

Perseus Mining COGS-to-Revenue Related Terms

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Perseus Mining (Perseus Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Perseus Mining Ltd (OTCPK:PMNXF) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

P4Q:Germany PRU:Canada PRU:Australia

Address

437 Roberts Road, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.perseusmining.com

Perseus Mining in an Australian-based gold miner. It sold around 540,000 ounces of gold in fiscal 2023 from its three majority-owned mines in West Africa. Founded in 2004, Perseus purchased all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, the company had about five years of reserves at the end of fiscal 2023.

Perseus Mining (Perseus Mining) Headlines

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