VIQ Solutions (TSX:VQS) COGS-to-Revenue : 0.57 (As of Sep. 2023)

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What is VIQ Solutions COGS-to-Revenue?

VIQ Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was C$7.81 Mil. Its Revenue for the three months ended in Sep. 2023 was C$13.67 Mil.

VIQ Solutions's COGS to Revenue for the three months ended in Sep. 2023 was 0.57.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. VIQ Solutions's Gross Margin % for the three months ended in Sep. 2023 was 42.88%.

VIQ Solutions COGS-to-Revenue Historical Data

The historical data trend for VIQ Solutions'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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VIQ Solutions COGS-to-Revenue Chart

VIQ Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.69

0.57

0.49

0.52

VIQ Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.53	0.53	0.56	0.56	0.57

VIQ Solutions COGS-to-Revenue Calculation

VIQ Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	32.493	/	62.279
	=	0.52

VIQ Solutions's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.808	/	13.67
	=	0.57

VIQ Solutions (TSX:VQS) COGS-to-Revenue Explanation

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

VIQ Solutions's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	7.808 / 13.67
	=	42.88 %

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.

VIQ Solutions COGS-to-Revenue Related Terms

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VIQ Solutions (TSX:VQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VIQ Solutions Inc (TSX:VQS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

VQSSF:USA

Address

5915 Airport Road, Suite 700, Mississauga, ON, CAN, L4V 1T1

Website

https://www.viqsolutions.com

VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United Kingdom, Canada, the United States, and internationally. The reportable segments of the company are technology and related revenue which develops, distributes, and licenses computer-based digital solutions, and the technology services which provide recording and transcription services.

Executives

Yixin (shing) Pan

Director

VIQ Solutions (TSX:VQS) Headlines

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