MFH (Mercurity Fintech Holding) COGS-to-Revenue : 1.20 (As of Dec. 2024)

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What is Mercurity Fintech Holding COGS-to-Revenue?

Mercurity Fintech Holding's Cost of Goods Sold for the six months ended in Dec. 2024 was $0.59 Mil. Its Revenue for the six months ended in Dec. 2024 was $0.49 Mil.

Mercurity Fintech Holding's COGS to Revenue for the six months ended in Dec. 2024 was 1.20.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mercurity Fintech Holding's Gross Margin % for the six months ended in Dec. 2024 was -20.20%.

Mercurity Fintech Holding COGS-to-Revenue Historical Data

The historical data trend for Mercurity Fintech Holding'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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Mercurity Fintech Holding COGS-to-Revenue Chart

Mercurity Fintech Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.06

1.05

1.60

3.19

1.37

Mercurity Fintech Holding Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
COGS-to-Revenue	Get a 7-Day Free Trial															1.10	2.82	3.66	1.53	1.20

Mercurity Fintech Holding COGS-to-Revenue Calculation

Mercurity Fintech Holding's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.383	/	1.007
	=	1.37

Mercurity Fintech Holding's COGS to Revenue for the quarter that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.589	/	0.49
	=	1.20

Mercurity Fintech Holding (NAS:MFH) COGS-to-Revenue Explanation

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

Mercurity Fintech Holding's Gross Margin % for the six months ended in Dec. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.589 / 0.49
	=	-20.20 %

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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Mercurity Fintech Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mercurity Fintech Holding Inc (NAS:MFH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1330 Avenue of Americas, Fl 33, New York, NY, USA, 10019

Website

https://www.mercurityfintech.com

Mercurity Fintech Holding Inc is a New York-based digital fintech leader providing access to the rapidly growing AI-powered infrastructure, blockchain, and digital assets sectors. Its three core business lines include: 1. Blockchain and digital asset solutions. 2. AI and HPC infrastructure, specializing in developing liquid cooling solutions for AI data centers. 3. Comprehensive financial services.