CordovaCann (XCNQ:CDVA) COGS-to-Revenue : 0.72 (As of Jun. 2023)

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What is CordovaCann COGS-to-Revenue?

CordovaCann's Cost of Goods Sold for the six months ended in Jun. 2023 was C$9.73 Mil. Its Revenue for the six months ended in Jun. 2023 was C$13.60 Mil.

CordovaCann's COGS to Revenue for the six months ended in Jun. 2023 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CordovaCann's Gross Margin % for the six months ended in Jun. 2023 was 28.41%.

CordovaCann COGS-to-Revenue Historical Data

The historical data trend for CordovaCann'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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CordovaCann COGS-to-Revenue Chart

CordovaCann Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.64

0.66

0.72

CordovaCann Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															-	0.64	0.66	0.72	0.72

CordovaCann COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9.733	/	13.595
	=	0.72

CordovaCann's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9.733	/	13.595
	=	0.72

CordovaCann (XCNQ:CDVA) COGS-to-Revenue Explanation

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

CordovaCann's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	9.733 / 13.595
	=	28.41 %

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.

CordovaCann COGS-to-Revenue Related Terms

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CordovaCann (XCNQ:CDVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CordovaCann Corp (XCNQ:CDVA) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LVRLF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V0R2

Website

https://www.cordovacann.com

CordovaCann Corp is a Canadian-domiciled company focused on building a diversified cannabis company. The company provides services and investment capital to the processing and production of vertical markets of the cannabis industry.

Executives

Benjamin Thomas Higham

Director

CordovaCann (XCNQ:CDVA) Headlines

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