Norandaome Fund (TSX:NIF.UN) COGS-to-Revenue : 0.72 (As of Sep. 2022)

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What is Norandaome Fund COGS-to-Revenue?

Norandaome Fund's Cost of Goods Sold for the three months ended in Sep. 2022 was C$195 Mil. Its Revenue for the three months ended in Sep. 2022 was C$271 Mil.

Norandaome Fund's COGS to Revenue for the three months ended in Sep. 2022 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Norandaome Fund's Gross Margin % for the three months ended in Sep. 2022 was 28.05%.

Norandaome Fund COGS-to-Revenue Historical Data

The historical data trend for Norandaome Fund'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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Norandaome Fund COGS-to-Revenue Chart

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

COGS-to-Revenue

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0.96

0.94

0.95

0.96

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
COGS-to-Revenue	Get a 7-Day Free Trial															0.93	0.99	1.02	1.03	0.72

Norandaome Fund COGS-to-Revenue Calculation

Norandaome Fund's COGS to Revenue for the fiscal year that ended in Dec. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1044.949	/	1085.581
	=	0.96

Norandaome Fund's COGS to Revenue for the quarter that ended in Sep. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	194.648	/	270.548
	=	0.72

Norandaome Fund (TSX:NIF.UN) COGS-to-Revenue Explanation

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

Norandaome Fund's Gross Margin % for the three months ended in Sep. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	194.648 / 270.548
	=	28.05 %

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.

Norandaome Fund COGS-to-Revenue Related Terms

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Norandaome Fund (TSX:NIF.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (TSX:NIF.UN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3

Website

https://www.norandaincomefund.com

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

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