Tietto Minerals (ASX:TIE) COGS-to-Revenue : 0.62 (As of Dec. 2023)

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What is Tietto Minerals COGS-to-Revenue?

Tietto Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$118.3 Mil. Its Revenue for the six months ended in Dec. 2023 was A$191.9 Mil.

Tietto Minerals's COGS to Revenue for the six months ended in Dec. 2023 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tietto Minerals's Gross Margin % for the six months ended in Dec. 2023 was 38.33%.

Tietto Minerals COGS-to-Revenue Historical Data

The historical data trend for Tietto Minerals'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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Tietto Minerals COGS-to-Revenue Chart

Tietto Minerals Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

COGS-to-Revenue

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0.63

Tietto Minerals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial							-	-	-	0.67	0.62

Tietto Minerals COGS-to-Revenue Calculation

Tietto Minerals's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	161.229	/	255.669
	=	0.63

Tietto Minerals's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	118.321	/	191.865
	=	0.62

Tietto Minerals (ASX:TIE) COGS-to-Revenue Explanation

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

Tietto Minerals's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	118.321 / 191.865
	=	38.33 %

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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Tietto Minerals (ASX:TIE) Business Description

Industry

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Address

123B Collin Street, Unit 22, Perth, WA, AUS, 6005

Website

https://www.tietto.com

Tietto Minerals Ltd is a mineral exploration company with a main focus on gold in West Africa. It operates as four segments which are Administration Australia, Exploration Liberia, Exploration Cote d'Ivoire and Development Cote d'Ivoire. The projects include Dube South Project, Cestos Project, and Abujar Au Project.

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