Foremost Lithium Resource & Technology (XCNQ:FAT) COGS-to-Revenue : 0.00 (As of Sep. 2023)

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What is Foremost Lithium Resource & Technology COGS-to-Revenue?

Foremost Lithium Resource & Technology's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.00 Mil. Its Revenue for the three months ended in Sep. 2023 was C$0.00 Mil.

Foremost Lithium Resource & Technology's COGS to Revenue for the three months ended in Sep. 2023 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Foremost Lithium Resource & Technology's Gross Margin % for the three months ended in Sep. 2023 was N/A%.

Foremost Lithium Resource & Technology COGS-to-Revenue Historical Data

The historical data trend for Foremost Lithium Resource & Technology'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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Foremost Lithium Resource & Technology COGS-to-Revenue Chart

Foremost Lithium Resource & Technology Annual Data

Trend

Mar14

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Mar23

COGS-to-Revenue

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Foremost Lithium Resource & Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
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Foremost Lithium Resource & Technology COGS-to-Revenue Calculation

Foremost Lithium Resource & Technology's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

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

Foremost Lithium Resource & Technology's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

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

Foremost Lithium Resource & Technology (XCNQ:FAT) COGS-to-Revenue Explanation

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

Foremost Lithium Resource & Technology'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	-	0 / 0
	=	N/A %

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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Foremost Lithium Resource & Technology (XCNQ:FAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Foremost Lithium Resource & Technology Ltd (XCNQ:FAT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FMST:USA F0R:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1K8

Website

https://www.foremostlithium.com

Foremost Lithium Resource & Technology Ltd is a hard-rock exploration company strategically located to capitalize on the growing EV appetite and is committed to being a supplier of North America's lithium feedstock. As the transition towards decarbonization, the company is focused on the exploration and growth of its five Lithium Lane Projects in Snow Lake Manitoba. It also has the Winston Gold/Silver Property in New Mexico, USA.

Executives

Sead Hamzagic

Senior Officer