West Red Lake Gold Mines (TSXV:WRLG) COGS-to-Revenue : 0.00 (As of Feb. 2024)

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What is West Red Lake Gold Mines COGS-to-Revenue?

West Red Lake Gold Mines's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.32 Mil. Its Revenue for the three months ended in Feb. 2024 was C$0.00 Mil.

West Red Lake Gold Mines's COGS to Revenue for the three months ended in Feb. 2024 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. West Red Lake Gold Mines's Gross Margin % for the three months ended in Feb. 2024 was %.

West Red Lake Gold Mines COGS-to-Revenue Historical Data

The historical data trend for West Red Lake Gold Mines'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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West Red Lake Gold Mines COGS-to-Revenue Chart

West Red Lake Gold Mines Annual Data

Trend

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COGS-to-Revenue

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West Red Lake Gold Mines Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															-	-	-	-	-

West Red Lake Gold Mines COGS-to-Revenue Calculation

West Red Lake Gold Mines's COGS to Revenue for the fiscal year that ended in Nov. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.25	/	0
	=

West Red Lake Gold Mines's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.32	/	0
	=

West Red Lake Gold Mines (TSXV:WRLG) COGS-to-Revenue Explanation

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

West Red Lake Gold Mines's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.32 / 0
	=	%

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.

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West Red Lake Gold Mines (TSXV:WRLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Red Lake Gold Mines Ltd (TSXV:WRLG) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

WRLGF:USA UJ0:Germany

Address

595 Burrard Street, Suite 3123, Toronto, ON, CAN, V7X 1J1

Website

https://www.westredlakegold.com

West Red Lake Gold Mines Ltd is engaged in the exploration and development of the West Red Lake Project located in the Red Lake Gold District of Northwestern Ontario, Canada.

Executives

Frank Giustra

10% Security Holder

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