GRIID Infrastructure (GRIID Infrastructure) COGS-to-Revenue : 0.75 (As of Sep. 2023)

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What is GRIID Infrastructure COGS-to-Revenue?

GRIID Infrastructure's Cost of Goods Sold for the three months ended in Sep. 2023 was $3.63 Mil. Its Revenue for the three months ended in Sep. 2023 was $4.86 Mil.

GRIID Infrastructure's COGS to Revenue for the three months ended in Sep. 2023 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. GRIID Infrastructure's Gross Margin % for the three months ended in Sep. 2023 was 25.38%.

GRIID Infrastructure COGS-to-Revenue Historical Data

The historical data trend for GRIID Infrastructure'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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GRIID Infrastructure COGS-to-Revenue Chart

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.16

0.55

0.70

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial			0.49	0.55	0.69	0.75	-

GRIID Infrastructure COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.67	/	19.624
	=	0.70

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.625	/	4.858
	=	0.75

GRIID Infrastructure (NAS:GRDI) COGS-to-Revenue Explanation

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

GRIID Infrastructure'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	-	3.625 / 4.858
	=	25.38 %

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.

GRIID Infrastructure COGS-to-Revenue Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NAS:GRDI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024