STEER Technologies (FRA:H1Y) COGS-to-Revenue : 1.65 (As of Sep. 2023)

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What is STEER Technologies COGS-to-Revenue?

STEER Technologies's Cost of Goods Sold for the three months ended in Sep. 2023 was €1.01 Mil. Its Revenue for the three months ended in Sep. 2023 was €0.61 Mil.

STEER Technologies's COGS to Revenue for the three months ended in Sep. 2023 was 1.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. STEER Technologies's Gross Margin % for the three months ended in Sep. 2023 was -65.03%.

STEER Technologies COGS-to-Revenue Historical Data

The historical data trend for STEER Technologies'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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STEER Technologies COGS-to-Revenue Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

0.45

0.82

1.08

1.07

STEER Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															1.03	1.10	1.01	1.80	1.65

STEER Technologies COGS-to-Revenue Calculation

STEER Technologies's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	40.985	/	38.164
	=	1.07

STEER Technologies's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.01	/	0.612
	=	1.65

STEER Technologies (FRA:H1Y) COGS-to-Revenue Explanation

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

STEER Technologies's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1.01 / 0.612
	=	-65.03 %

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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STEER Technologies (FRA:H1Y) Business Description

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STEEF:USA STER:Canada

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.

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