Asante Gold (Asante Gold) COGS-to-Revenue : 1.19 (As of Oct. 2023)

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What is Asante Gold COGS-to-Revenue?

Asante Gold's Cost of Goods Sold for the three months ended in Oct. 2023 was $114.0 Mil. Its Revenue for the three months ended in Oct. 2023 was $95.5 Mil.

Asante Gold's COGS to Revenue for the three months ended in Oct. 2023 was 1.19.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Asante Gold's Gross Margin % for the three months ended in Oct. 2023 was -19.32%.

Asante Gold COGS-to-Revenue Historical Data

The historical data trend for Asante Gold'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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Asante Gold COGS-to-Revenue Chart

Asante Gold Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

COGS-to-Revenue

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1.30

Asante Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
COGS-to-Revenue	Get a 7-Day Free Trial															1.32	1.28	1.39	1.32	1.19

Asante Gold COGS-to-Revenue Calculation

Asante Gold's COGS to Revenue for the fiscal year that ended in Jan. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	265.185	/	204.686
	=	1.30

Asante Gold's COGS to Revenue for the quarter that ended in Oct. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	114.002	/	95.54
	=	1.19

Asante Gold (OTCPK:ASGOF) COGS-to-Revenue Explanation

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

Asante Gold's Gross Margin % for the three months ended in Oct. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	114.002 / 95.54
	=	-19.32 %

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.

Asante Gold COGS-to-Revenue Related Terms

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Asante Gold (Asante Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asante Gold Corp (OTCPK:ASGOF) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

1A9:Germany ASE:Canada

Address

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

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

Asante Gold (Asante Gold) Headlines

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