Lithium Royalty (TSX:LIRC) COGS-to-Revenue : 0.22 (As of Mar. 2024)

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What is Lithium Royalty COGS-to-Revenue?

Lithium Royalty's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.19 Mil. Its Revenue for the three months ended in Mar. 2024 was C$0.85 Mil.

Lithium Royalty's COGS to Revenue for the three months ended in Mar. 2024 was 0.22.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lithium Royalty's Gross Margin % for the three months ended in Mar. 2024 was 77.52%.

Lithium Royalty COGS-to-Revenue Historical Data

The historical data trend for Lithium Royalty'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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Lithium Royalty COGS-to-Revenue Chart

Lithium Royalty Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.71

0.67

0.57

0.17

Lithium Royalty Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial								0.34	0.18	0.09	0.28	0.22

Lithium Royalty COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.254	/	7.408
	=	0.17

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.192	/	0.854
	=	0.22

Lithium Royalty (TSX:LIRC) COGS-to-Revenue Explanation

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

Lithium Royalty'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	-	0.192 / 0.854
	=	77.52 %

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.

Lithium Royalty COGS-to-Revenue Related Terms

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Lithium Royalty (TSX:LIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Royalty Corp (TSX:LIRC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LITRF:USA X1Q:Germany

Address

1133 Yonge Street, 5th Floor, Toronto, ON, CAN, M4T 2Y7

Website

https://www.lithiumroyaltycorp.com

Lithium Royalty Corp is a lithium-focused royalty company organized in Canada. The firm with affiliates or joint venture partners has established a portfolio of royalties on mineral properties that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy.

Executives

Blair Levinsky

Director, Senior Officer

Lithium Royalty (TSX:LIRC) Headlines

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