Co-Diagnostics (Co-Diagnostics) COGS-to-Revenue : 0.83 (As of Dec. 2023)

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What is Co-Diagnostics COGS-to-Revenue?

Co-Diagnostics's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.97 Mil. Its Revenue for the three months ended in Dec. 2023 was $3.56 Mil.

Co-Diagnostics's COGS to Revenue for the three months ended in Dec. 2023 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Co-Diagnostics's Gross Margin % for the three months ended in Dec. 2023 was 16.51%.

Co-Diagnostics COGS-to-Revenue Historical Data

The historical data trend for Co-Diagnostics'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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Co-Diagnostics COGS-to-Revenue Chart

Co-Diagnostics Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.52

0.22

0.12

0.16

0.61

Co-Diagnostics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.37	0.83	2.32	0.10	0.83

Co-Diagnostics COGS-to-Revenue Calculation

Co-Diagnostics's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.185	/	6.812
	=	0.61

Co-Diagnostics's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.968	/	3.555
	=	0.83

Co-Diagnostics (NAS:CODX) COGS-to-Revenue Explanation

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

Co-Diagnostics's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2.968 / 3.555
	=	16.51 %

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.

Co-Diagnostics COGS-to-Revenue Related Terms

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Co-Diagnostics (Co-Diagnostics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Co-Diagnostics Inc (NAS:CODX) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

C97:Germany

Address

2401 South Foothill Drive, Salt Lake City, UT, USA, 84109

Website

https://www.codiagnostics.com

Co-Diagnostics Inc is a molecular diagnostics company. It develops, licenses, and commercializes molecular technologies such as lab systems (MDx device) and manufacture and sell reagents used for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). CDI's low-cost system uses its tests to diagnose tuberculosis, Zika, hepatitis B and C, Malaria, dengue and HIV. The company's diagnostics systems enable very rapid, low-cost, sophisticated molecular testing for organisms and genetic diseases by greatly automating historically complex procedures in both the development and administration of tests.

Executives

Brian Lee Brown	officer: Chief Financial Officer	5322 W. BRIAR PARK ROAD, HERRIMAN UT 84096
Ted Murphy	director	64 INDUSTRIAL RD., RICHMOND HILL A6 L4C2Y1
Eugene Durenard	director	2401 S. FOOTHILL DRIVE SUITE D, SALT LAKE CITY UT 84109
Dwight H Egan	director, officer: CEO and President	4049 S. HIGHLAND DRIVE, SALT LAKE CITY UT 84124
Richard S Serbin	director	750 LEXINGTON AVENUE, 6TH FLOOR, NEW YORK NY 10022
James B Nelson	director	26 WEST MISSION AVENUE, SUITE 8, SANTA BARBARA CA 93010
Reed L Benson	officer: CFO and Secretary	7050 UNION PARK CENTER, #600, SALT LAKE CITY UT 84047
Edward L. Murphy	director	2401 S. FOOTHILL DRIVE SUITE D, SALT LAKE CITY UT 84109
Brent Satterfield	director, officer: Chief Science Officer	4049 S. HIGHLAND DRIVE, SALT LAKE CITY UT 84124
America 2030 Capital, Llc	10 percent owner	1301 SHILOH RD., NW, SUITE 1231, KENNESAW GA 30144
Edward Borkowski	director	1500 CORPORATE DRIVE, SUITE 400, CANONSBURG PA 15317
Frank J Kiesner	director	4049 S. HIGHLAND DRIVE, SALT LAKE CITY UT 84124
Reagents, Llc	10 percent owner	8160 S. HIGHLAND DR, SANDY UT 84093
Legends Capital Group, Llc	10 percent owner	4049 S. HIGHLAND DRIVE, SALT LAKE CITY UT 84124