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Mitcham Industries Inc  (NAS:MIND) COGS-to-Revenue: 0.94 (As of Jul. 2017)

Mitcham Industries Inc's Cost of Goods Sold for the three months ended in Jul. 2017 was $10.22 Mil. Its Revenue for the three months ended in Jul. 2017 was $10.84 Mil.

Mitcham Industries Inc's COGS to Revenue for the three months ended in Jul. 2017 was 0.94.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mitcham Industries Inc's Gross Margin % for the three months ended in Jul. 2017 was 5.70%.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Mitcham Industries Inc Annual Data

Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
COGS-to-Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.65 0.72 0.95 1.18

Mitcham Industries Inc Quarterly Data

Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
COGS-to-Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.26 1.27 1.21 0.83 0.94

Calculation

Mitcham Industries Inc's COGS to Revenue for the fiscal year that ended in Jan. 2017 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=48.413 / 40.999
=1.18

Mitcham Industries Inc's COGS to Revenue for the quarter that ended in Jul. 2017 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=10.218 / 10.836
=0.94

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

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

Mitcham Industries Inc's Gross Margin % for the three months ended in Jul. 2017 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 10.218 / 10.836
=5.70 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


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