Modern Plant Based Foods (XCNQ:MEAT) COGS-to-Revenue : 0.75 (As of Feb. 2024)

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What is Modern Plant Based Foods COGS-to-Revenue?

Modern Plant Based Foods's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.16 Mil. Its Revenue for the three months ended in Feb. 2024 was C$0.21 Mil.

Modern Plant Based Foods's COGS to Revenue for the three months ended in Feb. 2024 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Modern Plant Based Foods's Gross Margin % for the three months ended in Feb. 2024 was 24.76%.

Modern Plant Based Foods COGS-to-Revenue Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods COGS-to-Revenue Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

COGS-to-Revenue

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0.99

0.83

0.99

0.86

Modern Plant Based Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															0.84	0.68	1.25	0.79	0.75

Modern Plant Based Foods COGS-to-Revenue Calculation

Modern Plant Based Foods's COGS to Revenue for the fiscal year that ended in Aug. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.647	/	0.751
	=	0.86

Modern Plant Based Foods's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.155	/	0.206
	=	0.75

Modern Plant Based Foods (XCNQ:MEAT) COGS-to-Revenue Explanation

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

Modern Plant Based Foods'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	-	0.155 / 0.206
	=	24.76 %

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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Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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