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IonQ (IONQ) COGS-to-Revenue : 0.52 (As of Dec. 2023)


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What is IonQ COGS-to-Revenue?

IonQ's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.16 Mil. Its Revenue for the three months ended in Dec. 2023 was $6.11 Mil.

IonQ's COGS to Revenue for the three months ended in Dec. 2023 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. IonQ's Gross Margin % for the three months ended in Dec. 2023 was 48.20%.

IonQ COGS-to-Revenue Historical Data

The historical data trend for IonQ'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.

* Premium members only.

IonQ COGS-to-Revenue Chart

IonQ Annual Data
Trend Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
- 0.50 0.26 0.37

IonQ Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.24 0.34 0.33 0.52

IonQ COGS-to-Revenue Calculation

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

COGS to Revenue=Cost of Goods Sold / Revenue
=8.108 / 22.042
=0.37

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

COGS to Revenue=Cost of Goods Sold / Revenue
=3.163 / 6.106
=0.52

* 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.

IonQ  (NYSE:IONQ) COGS-to-Revenue Explanation

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

IonQ'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 - 3.163 / 6.106
=48.20 %

* 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.

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.

IonQ COGS-to-Revenue Related Terms

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IonQ (IONQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IonQ Inc (NYSE:IONQ) » Definitions » COGS-to-Revenue
Comparable Companies
CRCT CRSR SSYS NNDM DDD CAN DM VLD RGTI INVE ANET DELL SZSE:002415 HPQ TSE:7751 TPE:2382 SHSE:688041 NTAP STX HKSE:00992
Traded in Other Exchanges
N/A
Address
4505 Campus Drive, College Park, MD, USA, 20740
Website
https://www.ionq.com
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
Executives
Rima Alameddine officer: Chief Revenue Officer C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Peter Hume Chapman director, officer: President and CEO C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Jungsang Kim director, officer: Chief Strategy Officer C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Thomas G. Kramer officer: Chief Financial Officer C/O OPOWER, INC., 1515 NORTH COURTHOUSE ROAD, 8TH FLOOR, ARLINGTON VA 22201
Christopher Monroe officer: Chief Scientist C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Laurie A. Babinski officer: General Counsel and Secretary C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Wendy Thomas director C/O SECUREWORKS CORP., ONE CONCOURSE PARKWAY NE, SUITE 500, ATLANTA GA 30328
Kathryn K. Chou director C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
New Enterprise Associates 15, L.p. 10 percent owner 1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM MD 21093
Gv 2016 Gp, L.l.c. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW MA 94043
Inder M Singh director C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Harry L. You director, 10 percent owner, officer: Chairman EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
2019, L.p. Gv 10 percent owner 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Gv 2019 Gp, L.p. 10 percent owner 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Gv 2019 Gp, L.l.c. 10 percent owner 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043