X1 Entertainment Group (XCNQ:XONE) COGS-to-Revenue : 0.00 (As of Feb. 2024)

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What is X1 Entertainment Group COGS-to-Revenue?

X1 Entertainment Group's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.00 Mil. Its Revenue for the three months ended in Feb. 2024 was C$0.00 Mil.

X1 Entertainment Group's COGS to Revenue for the three months ended in Feb. 2024 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. X1 Entertainment Group's Gross Margin % for the three months ended in Feb. 2024 was N/A%.

X1 Entertainment Group COGS-to-Revenue Historical Data

The historical data trend for X1 Entertainment Group'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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X1 Entertainment Group COGS-to-Revenue Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

COGS-to-Revenue

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial						-	7.00	-	-	-

X1 Entertainment Group COGS-to-Revenue Calculation

X1 Entertainment Group'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	/	0
	=

X1 Entertainment Group's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

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

X1 Entertainment Group (XCNQ:XONE) COGS-to-Revenue Explanation

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

X1 Entertainment Group'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 / 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.

X1 Entertainment Group COGS-to-Revenue Related Terms

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X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.

Executives

Adam Giddens

Director, Senior Officer