PowerBand Solutions (TSXV:PBX) COGS-to-Revenue : 0.54 (As of Sep. 2023)

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What is PowerBand Solutions COGS-to-Revenue?

PowerBand Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.30 Mil. Its Revenue for the three months ended in Sep. 2023 was C$0.56 Mil.

PowerBand Solutions's COGS to Revenue for the three months ended in Sep. 2023 was 0.54.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. PowerBand Solutions's Gross Margin % for the three months ended in Sep. 2023 was 45.59%.

PowerBand Solutions COGS-to-Revenue Historical Data

The historical data trend for PowerBand Solutions'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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PowerBand Solutions COGS-to-Revenue Chart

PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.96

0.58

0.51

0.48

PowerBand Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.31	0.26	0.41	0.86	0.54

PowerBand Solutions COGS-to-Revenue Calculation

PowerBand Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.118	/	12.761
	=	0.48

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.302	/	0.555
	=	0.54

PowerBand Solutions (TSXV:PBX) COGS-to-Revenue Explanation

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

PowerBand Solutions'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	-	0.302 / 0.555
	=	45.59 %

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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PowerBand Solutions (TSXV:PBX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (TSXV:PBX) » Definitions » COGS-to-Revenue

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PWWBF:USA

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.

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