Vision Marine Technologies (Vision Marine Technologies) COGS-to-Revenue : 0.70 (As of Feb. 2024)

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What is Vision Marine Technologies COGS-to-Revenue?

Vision Marine Technologies's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.38 Mil. Its Revenue for the three months ended in Feb. 2024 was $0.54 Mil.

Vision Marine Technologies's COGS to Revenue for the three months ended in Feb. 2024 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Vision Marine Technologies's Gross Margin % for the three months ended in Feb. 2024 was 30.19%.

Vision Marine Technologies COGS-to-Revenue Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies COGS-to-Revenue Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

COGS-to-Revenue

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0.55

0.75

0.54

0.55

0.73

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	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															0.94	0.71	0.52	0.56	0.70

Vision Marine Technologies COGS-to-Revenue Calculation

Vision Marine Technologies's COGS to Revenue for the fiscal year that ended in Aug. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.054	/	4.194
	=	0.73

Vision Marine Technologies's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.377	/	0.54
	=	0.70

Vision Marine Technologies (NAS:VMAR) COGS-to-Revenue Explanation

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

Vision Marine Technologies'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	-	0.377 / 0.54
	=	30.19 %

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.

Vision Marine Technologies COGS-to-Revenue Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.