Green Scientific Labs Holdings (XCNQ:GSL) COGS-to-Revenue : 0.52 (As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Green Scientific Labs Holdings COGS-to-Revenue?

Green Scientific Labs Holdings's Cost of Goods Sold for the three months ended in Mar. 2023 was C$0.27 Mil. Its Revenue for the three months ended in Mar. 2023 was C$0.52 Mil.

Green Scientific Labs Holdings's COGS to Revenue for the three months ended in Mar. 2023 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Green Scientific Labs Holdings's Gross Margin % for the three months ended in Mar. 2023 was 47.67%.

Green Scientific Labs Holdings COGS-to-Revenue Historical Data

The historical data trend for Green Scientific Labs Holdings'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.

* Premium members only.

Green Scientific Labs Holdings COGS-to-Revenue Chart

Green Scientific Labs Holdings Annual Data

Trend

Apr20

Apr21

Dec22

COGS-to-Revenue

0.44

Green Scientific Labs Holdings Quarterly Data
	Jan20	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23
COGS-to-Revenue	Get a 7-Day Free Trial							0.42	0.24	0.45	-	0.52

Green Scientific Labs Holdings COGS-to-Revenue Calculation

Green Scientific Labs Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.482	/	3.358
	=	0.44

Green Scientific Labs Holdings's COGS to Revenue for the quarter that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.27	/	0.516
	=	0.52

Green Scientific Labs Holdings (XCNQ:GSL) COGS-to-Revenue Explanation

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

Green Scientific Labs Holdings's Gross Margin % for the three months ended in Mar. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.27 / 0.516
	=	47.67 %

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.

Green Scientific Labs Holdings COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Green Scientific Labs Holdings's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Green Scientific Labs Holdings (XCNQ:GSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Scientific Labs Holdings Inc (XCNQ:GSL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314

Website

https://www.greenscientificlabs.com

Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.